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 SAVVIS
So what: The deal for Terremark is valued at $1.9 billion, a 35% premium, which has led to speculation that SAVVIS could be the next target. Benchmark Capital and Stifel Nicolaus were among the analysts speculating what this deal would possibly mean for a SAVVIS acquisition in the future.
Now what: The arms race for "cloud computing" appears to be on, and SAVVIS is squarely in investors' sights. This sort of speculation could lead to disappointment if a deal doesn't go through, so tread carefully today. I'm mildly bullish on this move, but I'd like to see a pullback next week before jumping in with both feet.
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