Harwood Feffer LLP Announces Investigation Of OCZ Technology Group, Inc.

Harwood Feffer LLP announced tha it is investigating potential claims against the board of directors of OCZ Technology Group, Inc. (OCZ or the Company). On October 10, 2012 the Company announced that it was delaying the filing of its financial results for the second quarter of fiscal year 2013, which ended August 31, 2012. According to the Company, OCZ's second quarter revenue will be materially lower than its previous guidance of revenue in the range of $110 to $120 million, which was issued September 5, 2012, principally due to the impact of customer incentive programs," and that the Company also expects to report a net loss for second-quarter 2013. Additionally, OCZ announced on October 9, 2012, that the Company's Chief Executive Officer, Ryan M. Petersen, had resigned on September 17, 2012.