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OCZ Technology (OCZ +14.9%) soars on a report Seagate (STX -1.2%) is considering an acquisition...
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Thursday, July 19, 2012, 10:08 AM ETOCZ Technology (OCZ +14.9%) soars on a report Seagate (STX -1.2%) is considering an acquisition of the company. Other companies are also said to be interested. Buying OCZ would strengthen Seagate's position in the solid-state drive (SSD) market, as SSDs steadily take share from hard drives. OCZ rival Fusion-io (FIO +5.5%), the subject of plenty of M&A rumors of its own, is also rallying, as is STEC (STEC +2.9%). OCZ is heavily shorted. (DensBits)
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