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Thread: [FUD] Rumors of Seagate OCZ buyout

  1. #1
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    [FUD] Rumors of Seagate OCZ buyout

    (Reuters) - Shares of OCZ Technology Group Inc spiked as much as 21 percent in early trade on a report that larger rival Seagate Technology Plc has offered to buy out the solid-state hard drive maker.
    http://www.reuters.com/article/2012/...86I0TA20120719

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    It's a perfect match really, the most reliable HDD maker buys the most reliable SSD maker....

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    I bought into the hype today with some source saying it will be announced by Seagate on Monday 7/30 when they report their earnings.

    http://www.brightsideofnews.com/news...gs-on-730.aspx

    The price tag is $1.14B, not sure if there is any debt that will need to be assumed. So that would be $16.83 per share less any debt assumption.

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    It's almost up a $1 a share in after market trading from $7.07 to $7.85 per share.

    $8.60 now.
    Last edited by Kensek; 07-27-2012 at 01:25 PM. Reason: updating for latest info

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    Next week will be interesting.

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    Yep, Monday and Tuesday will be interesting.

    One unofficial report says Seagate will pay $15 per share for OCZ.

    Half in stock and the other half cash.

    That will equate to OCZ trading to 13.25.

    But, then another article says a bidding war between Micron, Western Digital and Seagate may erupt with OCZ finally fetching $20 per share.

    Thinking of buying some Dec '12 $5 call options Monday morning.

    However I did take a medium size equity position in OCZ for $6.75 today. Was almost tempted to sell out of it at $8.50 in the after market trading, but decided $10+ was better than $8.50 with the dream of maybe seeing $13-$15 next week.

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    Quote Originally Posted by Cold Fussion View Post
    It's a perfect match really, the most reliable HDD maker buys the most reliable SSD maker....
    I thought Crucial and Intel owned that segment? Samsung being close up there too I think.
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    Quote Originally Posted by Sparky View Post
    I thought Crucial and Intel owned that segment? Samsung being close up there too I think.
    You missed the joke.

  9. #9
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    I shouldn't post after midnight >.<
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    Quote Originally Posted by Cold Fussion View Post
    You missed the joke.
    Wonder what will happen to the OCZ ssd name since many won't buy that name now? Will OCZ ssd become Seagate ssd? That might be a marketing fake-out for consumers...
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    Now I think I get it.
    OCZ may have what Seagate just needs.

    I'm not saying how this will go but, imagine this.
    A hybrid drive, with a chip or so of rom cache, and the rest on platters.
    Ocz already sells hybrid drives like this.

    Take ocz and it's ssd's out of the picture for a moment.
    Seagate comes into the market with no reg drives, they leep ahead in performance and power usage a bit compared to say western digital...
    Western digital doesn't have any experience with ssd's or hybrids of any sort (just an ex, I don't know).
    ^^


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    Quote Originally Posted by NEOAethyr View Post
    Now I think I get it.
    OCZ may have what Seagate just needs.

    I'm not saying how this will go but, imagine this.
    A hybrid drive, with a chip or so of rom cache, and the rest on platters.
    Ocz already sells hybrid drives like this.

    Take ocz and it's ssd's out of the picture for a moment.
    Seagate comes into the market with no reg drives, they leep ahead in performance and power usage a bit compared to say western digital...
    Western digital doesn't have any experience with ssd's or hybrids of any sort (just an ex, I don't know).
    ^^
    Seagate has sold drives like this for a while now.
    Smile

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    Quote Originally Posted by BeepBeep2 View Post
    Seagate has sold drives like this for a while now.
    Yep the Momentus XT. WD has also announced that they are working on a similar drive. Honestly though in a world of plummeting SSD prices they don't really make sense to me. You can get a really good 240/256 GB SSD in the $150-$180 range these days which is plenty for OS + games and software unless you really need 20 games installed at the same time. If you want media storage just get some big cheap green drive no need for speed there.
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    http://www.forbes.com/sites/ericsavi...hares-retreat/

    Looks like that's it for today, Gentlemen.

    Although, it could possibly be a ploy to drive OCZ share prices down before acquisition.

  15. #15
    Ironically, it would have been the perfect ploy to set the stock high so someone could sell some of their options.

    On the flip side of that coin, seeing Reuters quoting Fudzilla is.....scary.
    Last edited by SKYMTL; 07-30-2012 at 07:33 PM.

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    Quote Originally Posted by SKYMTL View Post
    Ironically, it would have been the perfect ploy to set the stock high so someone could sell some of their options.
    I agree...this sounds like a likely scenario to me.
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    Apparently BSON is just a "blog"...what is reuters then, a "super blog"?
    Smile

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    I use Seagate and OCZ storage drives only, the best choise.
    Last edited by WaterFlex; 07-30-2012 at 10:04 PM.

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    I wonder what will become of the other companies OCZ owns... Such as PC Power and Cooling.
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    Quote Originally Posted by Kain665 View Post
    http://www.forbes.com/sites/ericsavi...hares-retreat/

    Looks like that's it for today, Gentlemen.

    Although, it could possibly be a ploy to drive OCZ share prices down before acquisition.
    Thanks. They did say the fat lady hasn't sung. I was getting excited to see what would become of this marriage. Seagate needs some SSD mojo. Not sure if OCZ needs Seagate...
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    It appears we were all provided with false statements. OCZ is now trading at $1.50 and appears to be ready to file for bankruptcy.

  22. #22
    They also have an issue with several investigations and now class action lawsuits by investors. This is looking quite ugly.

  23. #23
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    Quote Originally Posted by Cold Fussion View Post
    It's a perfect match really, the most reliable HDD maker buys the most reliable SSD maker....
    i am not sure what you mean by most reliable maker, they bought the maker of the quickest most reliable drives (samsung) and now they are basically unusable from speed and reliability just like the main line of seagate. they look like a perfect match to streamline RMAs to me.
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    Someone may yet end up buying Ocz if the price keeps dropping...
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    At this rate, me, with the spare change in my back pocket
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