Deals
OCZ Technology CEO Resigns, Seen as Takeover Target
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OCZ Technology Group Inc., a maker of solid-state disk drives, is poised to become a more attractive acquisition target with the resignation yesterday of Chief Executive Officer Ryan Petersen, analysts said.
Memory chip supply shortages forced OCZ to report preliminary second-quarter sales this month that missed earlier forecasts. The fall in the San Jose, California-based company’s shares -- 38 percent this year -- could draw an acquirer looking to profit from the shift to flash memory in personal computers and video games.