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OCZ Technology (OCZ) +3.6% after The Register reports the company indeed held buyout talks with...

OCZ Technology (OCZ) +3.6% after The Register reports the company indeed held buyout talks with Seagate (STX) this summer, with a deal "almost done on the financial side," but that talks fell apart because OCZ CEO Ryan Peterson wanted a seat on Seagate's board. Peterson's role in the deal's collapse is said to have contributed to his resignation last week. If Seagate is interested, it might have to pay less now - OCZ plunged to new multi-year lows yesterday.
Comments (3)
  • D.Magen
    , contributor
    Comments (5) | Send Message
     
    I have seen previously few comments claiming OCZ is a "label" co. But from checking my sources, i have found that the co has it's proprietry technology for controlers, exactly like FIO & STEC, that are traded for much higher pricings. 1 point to worry about is the incresing inventory levels that may be partly constituted of worthless legacy inventory. Anyway, the pricing is looked very cheap for me.
    27 Sep 2012, 10:24 AM Reply Like
  • D.Magen
    , contributor
    Comments (5) | Send Message
     
    Since my previous analysis, i have made more checks & here r the results:
    1. The technology OCZ has came from 3 aquisitions made in 2011-2.
    2. They have increased the R&D headcount very much.
    So, i'm much less confident reg the pricing anymore
    27 Sep 2012, 03:35 PM Reply Like
  • Destin
    , contributor
    Comments (465) | Send Message
     
    If true then it is astonishing to consider how much one man's ego cost the company and shareholders. The original rumors were for $12-14/share and now the stock is looking to test $3 after losing all of today's big gain and then some. Seagate must be loving this as they can probably snap the company up for about half of what they were originally prepared to pay.
    27 Sep 2012, 03:45 PM Reply Like
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