Seeking Alpha

OCZ Technology (OCZ +25.2%) takes off on new rumors Seagate (STX -0.5%) is looking to buy the...

OCZ Technology (OCZ +25.2%) takes off on new rumors Seagate (STX -0.5%) is looking to buy the company (previous) to shore up its solid-state drive position. This time around, it's reported Seagate is offering to pay ~$1B - $475M-$550M in cash and $450M-$525M in stock - or more than twice what OCZ is worth even after today's move. Some clearly doubt Seagate would pay that much. Rival STEC is up 3.1% in sympathy.
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Comments (2)
  • began2000@aol.com
    , contributor
    Comments (2) | Send Message
     
    That's why Seagate knows how to make $$$$$$$$$$, OCZ is a great company to buy
    27 Jul 2012, 10:09 AM Reply Like
  • Destin
    , contributor
    Comments (551) | Send Message
     
    I picked up a few shares of OCZ to go along with my STX position. If things pan out I'll take the quick OCZ profits and plow them back into STX on the dip. That's the plan anyways, but like Mike Tyson said EVERYBODY has a plan...until they get punched in the face.
    27 Jul 2012, 01:16 PM Reply Like
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