OCZ Technology Sees Fy 2012 Revenue of $310−$345M vs. $325.71M Est

OCZ Technology

expects revenue for fiscal year 2012, to be in the range of $310−$345 million, an increase of approximately 65%−80% compared with $190 million reported in fiscal year 2011. OCZ's previously published long term non-GAAP model showed targeted gross margins to be in the range of 28% to 32%. As a result of recent product releases and the Company's anticipation of increased market acceptance of its enterprise products, the Company is increasing its long term gross margin target range to 30%-40%.