RumorTT: Seagate want to acquire an SSD maker, could it still be OCZ?

RumorTT: It looks like Seagate won't be acquiring OCZ after all.

@anthony256
Published Mon, Jul 30 2012 8:32 PM CDT   |   Updated Tue, Nov 3 2020 12:27 PM CST

Seagate have been rumored to be looking at scooping up an SSD maker, where it piled up into a RumorTT post regarding Seagate acquiring OCZ. The news flared up again this week with tech blog side the Bright Side of News reporting that the deal between the companies was "done". But, it appears that it is not actually done and that Seagate might not acquire OCZ at all, at least, not right now.

RumorTT: Seagate want to acquire an SSD maker, could it still be OCZ? | TweakTown.com

Since the BSN post, OCZ shares jumped up 30-percent on Friday, and up 66-percent since mid-July all based on speculation that Seagate were to acquire the company. But, it looks like those highs are over, and OCZ's share prices are falling back down to more reasonable levels. OCZ shares topped at $7.60, and have now dropped to $6.36. On Thursday, the prices were hovering at around $5.40 a share.

Then we have a Reuters article who quoted Seagate CFO Pat O'Malley, who said that the company would be interested in acquiring an SSD maker that has a "significant" share of the enterprise market, where he adds:

We look at all technology product providers (for M&A) but what I would say is that on the enterprise SSDs, there's probably only one of them that really makes any significant money.

Of course, O'Malley declined to comment more specifically on the OCZ acquisition rumors.

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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