Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of data storage specialist Quantum
So what: The report in question indicated that NetApp
Now what: The ISI Group believes that NetApp should now use its $4.6 billion of cash on the balance sheet for takeovers as organic revenue growth has slowed, and ISI named Quantum as an attractive target while Robert W. Baird & Co. said CommVault would be a good fit. ISI analyst Brian Marshall said picking up Quantum makes sense since NetApp already resells Quantum's offerings. NetApp and EMC had both bid on deduplication specialist Data Domain in 2009 before EMC won out, and buying Quantum would give NetApp exposure to deduplication.
Interested in more info on Quantum Corporation? Add it to your watchlist by clicking here.