Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Aerospace & Defense
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Campaign Polling
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Anatole Kaletsky
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Olympics
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (1)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Consumer agency fines Capital One for card marketing
18 Jul 2012
Obama, Putin talk as U.S. says Assad losing grip on Syria
18 Jul 2012
Rebels keep pressure on Assad, fight near government buildings
|
12:34pm EDT
Jobless claims signal tepid labor market
11:11am EDT
Actor Fred Willard arrested for lewd conduct in LA
11:33am EDT
Discussed
126
Obama allies tell Romney to ”quit whining” about Bain attacks
118
Syrian battles rage in capital, Russia pressed
86
World outrage at Syria ”massacre”, but no action
Watched
Swimming robot limbers up to make a splash
Wed, Jul 18 2012
London theatres fear Olympics impact
6:22am EDT
Nokia posts steep Q2 loss
10:51am EDT
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Bulgaria bus bombing
Several people were killed and more than 20 injured in an explosion on a bus carrying Israeli tourists in Bulgaria. Slideshow
The Olympic Village
A look inside the Olympic Village, where athletes from around the world will live and play for the Olympic Games. Slideshow
OCZ shares surge on buyout report
Tweet
Share this
Email
Print
Related News
Analysts await new Yahoo CEO's strategy after dull results
Wed, Jul 18 2012
Applied Materials cuts outlook as chipmakers curtail orders
Tue, Jul 10 2012
Elpida bondholders to vote against Micron plan: document
Tue, Jul 10 2012
UPDATE 2-Seagate estimates revenue below forecast
Thu, Jul 5 2012
Seagate sees revenue below estimates
Thu, Jul 5 2012
Related Topics
Tech »
Deals »
Global Deals Review: 2011 Q3 »
Global Deals Review: 2011 Q2 »
Global Deals Review »
Hot Stocks »
Asian Markets »
Inflows Outflows »
By Sruthi Ramakrishnan
Thu Jul 19, 2012 11:34am EDT
(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.
Seagate declined to comment on the report and OCZ could not immediately be reached.
Analysts said an OCZ acquisition would boost Seagate's margins and help it establish a firmer foothold in the lucrative enterprise segment, where SSDs are gaining popularity.
Shares of OCZ, which was valued at $308 million as of Wednesday's close, were trading up 22 percent at $5.57 on the Nasdaq. Thursday's gains added about $68 million to its market capitalization.
"I'm hearing the same rumors ... I can only say that after the last quarter, when OCZ's cash situation became more challenging, they would be more willing to enter into a deal," FBN Securities analyst Shebly Seyrafi said.
Fudzilla said Micron Technology Group was also in the running to buy OCZ.
Seagate and Western Digital Corp dominate the market for hard disk drives (HDD) used in computers, but were late in adopting SSDs — a faster but expensive technology.
Shares of Stec Inc, one of the top SSD makers, were up 3.5 percent at $7.64 in mid-day trading on Thursday on the Nasdaq.
"It is plausible for Seagate or Micron to buy an SSD company," Benchmark Capital analyst Gary Mobley said.
"Seagate has been late to address the flash storage market and needs to hedge its aging HDD business. Micron would benefit from owning OCZ by selling more NAND flash."
(Reporting by Himank Sharma and Sruthi Ramakrishnan in Bangalore; Editing by Anthony Kurian, Saumyadeb Chakrabarty)
Tech
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Hot Stocks
Asian Markets
Inflows Outflows
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
AbsoluteZro wrote:
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.