A "highly reliable source close to Seagate" tells Eric Savitz Seagate (STX) isn't going to buy...

|About: Seagate Technology (STX)|By:, SA News Editor

A "highly reliable source close to Seagate" tells Eric Savitz Seagate (STX) isn't going to buy OCZ Technology (OCZ +2.4%). OCZ, which was up over 10% earlier today on a report from The Register suggesting a deal came close this summer, has given back most of those gains. Between The Register's report and a July BSN scoop that proved to be inaccurate, someone feeding OCZ buyout rumors might have a very active imagination. (also)