We first reported here that Seagate was rumored to be probing OCZ for a possible buyout, and then we received unofficial reports that the deal is close to completion so we reported on that here.
The final report said that
Seagate is likely to soon make an announcement regarding the move.
The
financial reports came and went and no announcement regarding OCZ was made.
We reported
here on Seagate’s financial results and we also gathered some more clues that all lead to a possible buyout.
Like all the market speculation wasn’t enough, Seagate’s CFO stirred things up with a statement regarding the company’s initiative to search and buy a profitable SSD maker.
The statement was
reportedly made as a response to a direct question regarding the “OCZ deal.”
Seagate Chief Financial Officer Pat O’Malley confirmed that the company is interested in buying an SSD manufacturer that has a “significant” share of the enterprise market.
For us, it’s obvious who that could be, but if you have any other opinions, feel free to share them in the comments section.
Mr. Pat O’Malley went even further and said that, "We look at all technology product providers [for mergers and acquisitions] but what I would say is that on the enterprise SSDs, there's probably only one of them that really makes any significant money."
We said it before and we’re going to reiterate now that we don’t think the end-user will have any kind of advantage if OCZ ends up being bought off by Seagate.
The development rate is likely to be moderated or even halted for a while. The prices will certainly stop falling and will likely start going the opposite way.
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