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 solid-state drive specialist OCZ Technology
So what: Following up reports last week, new rumors out of The Register say that Seagate may be offering between $475 million and $550 million in cash, in addition to $450 million to $525 million in stock, bringing a total possible deal up to an approximate $1 billion valuation. That's a healthy premium even to today's high.
Now what: With all the consolidation taking place within the hard drive industry, this rumor has some serious legs to stand on. The Register even echoes the sentiments that Western Digital
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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Western Digital. The Motley Fool has a disclosure policy.
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