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Thread: Seagate to buy ocz

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    Seagate to buy ocz

    http://www.reuters.com/article/2012/...ionNews&rpc=43

    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.

    Fudzilla.com, a hardware industry blog, reported on Thursday that Seagate is considering acquiring OCZ to boost its solid-state drive (SSD) product portfolio. The website said a deal could be announced as early as next week.
    ok so reuters are citing fudzilla as the source , so take with a pinch of salt - but a match made in hell if its true....

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    Re: Seagate to buy ocz

    since when is OCZ just a
    solid-state hard drive maker.
    it could be not OCZ as a whole but just the SSD division of OCZ.
    I don't think fudzilla is the source, well it's the source of the rumours, which in turn has caused a spike the the share value, just goes to show how moronic and knee jerk the whole stock system is.

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    Re: Seagate to buy ocz

    No smoke without fire....

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    Re: Seagate to buy ocz

    Smart move by Seagate.

    Falling behind in the SSD area, can catch up instantly here.

    Does show the power of money though...

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    Re: Seagate to buy ocz

    is this just the SSD arm or the entire company though?

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    Re: Seagate to buy ocz

    Well Seagate and Western Digital as far as i know don't have any SSD's and so buying into this area would give them an edge over WD by having both their momentus hybrid drives and OCZ's SSD's.

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