OCZ warns of 'significant' Q2 net loss
OCZ's aggressive discounting of SSDs may have gone too far. The drive maker has lowered its revenue estimate for the second quarter due to the impact of "customer incentive programs" that include rebates and price adjustments. According to Mercury News, OCZ founder and former CEO Ryan Petersen "boosted" those incentive programs in a bid to gain market share, a move that might have cost him his job. Petersen resigned from OCZ last month; his replacement, former PLX CEO Ralph Schmitt, says the incentive programs will continue but "have been redesigned to achieve better results."
Founder and CEO Ryan Petersen is out at OCZ
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