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

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)
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Comments (4)
  • Stone Fox Capital
    , contributor
    Comments (7007) | Send Message
     
    all that news is very, very old. Eric provided nothing of substance. Nobody said the deal was still on, nor does a Forbes blogger statement mean that the deal is officially over.
    27 Sep 2012, 04:04 PM Reply Like
  • twhite113
    , contributor
    Comments (443) | Send Message
     
    "active imagination" is one way to put it; illegal manipulation is another...I hope the SEC looks into the rumors and makes sure there was no illegal activity associated with these public conjectures.
    27 Sep 2012, 04:07 PM Reply Like
  • Austin Craig
    , contributor
    Comments (1022) | Send Message
     
    When OCZ management starts buying or selling and exits its quiet period then i will know for 100% that a buyout is a no go. Until then I will just watch and wait. Old CEO obstacle is gone.
    27 Sep 2012, 06:19 PM Reply Like
  • Austin Craig
    , contributor
    Comments (1022) | Send Message
     
    http://yhoo.it/Se5KiF
    27 Sep 2012, 06:20 PM Reply Like
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