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OCZ Technology Group Inc Message Board

  • databass databass Jul 30, 2012 10:32 PM Flag

    Who is O'Malley referring to?

    So who is O'Malley referring to below. OCZ? FIO?
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    Chief financial officer Pat O'Malley said the company would be interested in buying an SSD maker that has a "significant" share of the enterprise market.

    "We look at all technology product providers (for M&A) but what I would say is that on the enterprise SSDs, there's probably only one of them that really makes any significant money," he said in response to a question about Seagate's interest in OCZ Technology (OCZ.O).

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    • didn't consider your angle; stx probably didn't expect their stock to tank so much so the cfo felt he had to put out some positive news, ie, we're looking for an acquisition

      best for us that stx gets really wacked tomorrow; puts even more pressure on them

      deal happens inside of 2 weeks

      stx got blind sided; thought they'd go down a buck or so

      they didn't see this coming
      also, acquisitin, might quiet the mob for a little while

    • Yeah, that's interesting! They saw their stock tank and needed to say something. Hopefully they will finalize something before the market opens, but the way he was speaking, it's still a ways off.

    • you didn't mention another important part of the story

      when was the last time you saw a cfo talk to reuters at 800p, a good 2 1/2 hrs after the call

      why did he feel like he needed to talk to reuters?

    • No, they are making $, but all the spending negates profits. You can dice his comment up either way....what does seem clear is they have a target.

    • "We look at all technology product providers (for M&A) but what I would say is that on the enterprise SSDs, there's probably only one of them that really makes any significant money,"

      probably only one of them that really makes any significant money

      That is NOT OCZ

    • I think it's OCZ, but he also couldn't deny it is OCZ,,,if he did then he'd be tipping off on a very small # of alternatives. So it's hard to know.

    • significant share of enterprise market does not mean dominant nor majority, it means the opposite of insignificant share....ocz has 20 percent of the enterprise market, and growing, and 20 percent and growing is not insignificant, therefore it is fair to say ocz has a significant share of the enterprise market...

      as for profitability, he never implied they were only interested in acquiring a firm with a profitable business, he said there is only one which is profitable (at this stage)....

      an intelligent person would realize ocz was the subject in question, as the news story made clear, and neither of his two responses disqualified ocz from the stx interest in acquisition...

      the fact the reuters reporter took the rumors of the buyout of ocz seriously and made that issue the vocal point of the story, and the fact the cfo went on record on the issue of ocz is also noteworthy.

    • Not "significant money", "significant market share" is what he said. FIO's market share is software as well and I can't tell how much their hardware is "significant".....their margins are in their software.

    • funny since when is OCZ not smaller than STX. this guy was having a great time playing a word game. My guess is that the BOD at OCZ knows exactly what he meant by those statements.

    • and the microsoft deal ocz has lined up...

      the cfo did not say, significant enterprise presence as of today....

      you struggle to think through what is going on here....

      ocz will have a significant enterprise presence soon enough....

      they both need what the other has.....

      this is the deal which is going down......

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