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Thread: Seagate probing OCZ acquisition

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    Default Seagate probing OCZ acquisition

    Seagate probing OCZ acquisition

    Deal could bring both companies to the next level
    Our industry sources came up with a rather interesting and hot story to close this scorching week. It turns out that hard drive maker Seagate is looking into the possibility of acquiring SSD maker OCZ.

    It appears Seagate was not the only suitor, but acquiring this successful SSD maker would simply give Seagate a very strong presence in consumer, enthusiast and enterprise SSD markets. Seagate was late to enter the SSD market and OCZ has quite a bit of experience in the field. In the last few years it managed to carve out a respectable market share thanks to competitively priced consumer products as well as super-fast PCIe enterprise drives. The company always knew how to generate a lot of marketing buzz and in the meantime it even dropped its core RAM business in order to solely focus on SSDs.

    The marriage of convenience would also serve OCZ quite well. The company will benefit from Seagate’s vast resources and avoid quite a few issues. On some occasions OCZ found itself in the rather awkward situation of being unable to meet demand. That they could sell more drives that they could churn out, but having a big cash cow behind it would definitely help overcome such issues.

    Micron and a few other companies were also in talks with OCZ about a potential acquisition. The financial aspects of the deal could also prove quite interesting. Our sources believe that Seagate plans to offer much more than $308.5 million that Nasdaq values OCZ (OCZ). Just to put things in perspective Nasdaq values Seagate (STX) at $11.71 billion.

    The OCZ brand will most likely continue to exist within Seagate and a scenario under which OCZ continues as a separate company owned by Seagate is also possible. The deal could be announced before the start of next week and OCZ didn’t want to comment it at press time.


    Last modified on Thursday, 19 July 2012 13:35

    Seagate probing OCZ acquisition

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    Default Re: Seagate probing OCZ acquisition

    seems not only seagate is interested

    OCZ Technology May Be an Acquisition Target for Micron or Seagate.

    Micron or Seagate May Be Takeover OCZ Technology
    [07/19/2012 11:26 PM]
    by Anton Shilov OCZ Technology Group, a leading manufacturer of solid-state drives for consumers and enterprises, may be an acquisition target for Micron Technology and Seagate Technology, a market rumour claims. There may be circumstances under which OCZ might be acquired, but at present OCZ is just growing too fast to need to be taken over.

    The rumour about incoming buyout by Seagate, the world's largest maker of hard drives, was first published by Fudzilla web-site and then republished by Reuters news-agency. Both sources cited market analysts, who noted challenging situation with cash at OCZ, which in the past caused inabilities to supply products in volume. Micron Technology, a leading maker of NAND flash memory used on SSDs, is also named as a company interested in OCZ.
    "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," said Shebly Seyrafi, an analyst with FBN Securities.

    Seagate is clearly late to market of solid-state drives and will potentially needs a partner who has a wide family of various solid-state drives. In fact, there are not a lot of such companies on the market nowadays, it may be easily said that OCZ is a unique company in a unique position. What should be kept in mind is that Seagate and Western Digital own a huge portfolio of patents on various storage technologies. Potentially, both can sue SSD makers or attempt an unfriendly takeover.
    Micron has its own family of SSDs for consumers and enterprises and also owns Crucial, a retail supplier of DRAM- and NAND flash-based products. Moreover, OCZ is one of Micron's largest customers and therefore a rather natural fit. On the other hand, Micron is about to acquire Elpida Memory and Rexchip Semiconductor, which will slowdown its abilities to absorb other companies.
    One thing that should be remembered is how fast OCZ Technology is growing these days: 54% revenue increase year-on-year was registered in Q1 of fiscal 2013. OCZ expects net revenue for its fiscal year ending February 28, 2013 (FY 2013) to be in the range of $630 to $700 million, which represents a growth rate of approximately 80% at the midpoint. Just recently OCZ started to ship solid-state drives for use in datacenters owned by a major software company, according to sources. Even in case OCZ runs into cash problems, which is natural for a so rapidly growing company, this is generally considered as normal and the company has opportunities to borrow cash it needs.

    Shares of OCZ, which was valued at $308 million as of Wednesday's close, were trading up 22% at $5.57 on the Nasdaq. Thursday's gains added about $68 million to its market capitalization.
    OCZ said that it does not comment on market rumors.

    http://www.xbitlabs.com/news/storage...r_Seagate.html

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    Default Re: Seagate probing OCZ acquisition

    HDD sales being weak this does not surprise me.

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    Default Re: Seagate probing OCZ acquisition

    I have my own reasons as why I would like to see this happen.

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    Default Re: Seagate probing OCZ acquisition

    Jim, platter drive sales may be down, but SSD sales are climbing every single day, this is a smart move for Seagate, but I think I would rater see Western Digital buy OCZ.

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    Default Re: Seagate probing OCZ acquisition

    Thanks for posting the article Norm!

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    Default Re: Seagate probing OCZ acquisition

    Quote Originally Posted by Doctor_Death View Post
    Jim, platter drive sales may be down, but SSD sales are climbing every single day, this is a smart move for Seagate, but I think I would rater see Western Digital buy OCZ.
    Ummm, thats what I was saying...

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    Default Re: Seagate probing OCZ acquisition

    In a way, yeah lol

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    Default Re: Seagate probing OCZ acquisition

    Im not sure how I feel about this yet. Not a big fan of Seagate plater drives due to some quality issues in the past. I like havung the smaller guys around pushing innovation and competition. If all the SSDs are made by the Big 3 then prices will end up being stagnant and innovation will stall. (WD, Samsung and Seagate) We need the smaller brands to keep pressue on the bigger companies. Kind of like AMD does to Intel. They cant match Intel in everything they do but if Intel takes its eye off the ball they will get caught with its pants down. Think Athlon 64 and Opteron.

    If they do get purchased I hope they continue to operate as a serperate company owned by a larger parent that can support the manufacturing processes.

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