how is he right? look they for the most part asked STX if they buying ocz in the CC the answer stx gave was they don't see a need for a major push into SSD at this juncture without seeing what samsung and densibits comes up with first.
samsung already makes dam good SSD's, densibits makes good controllers. sooo???
i take the same viewpoint as digitalnews
yes he was a bit premature on his numbers "99%" and "annoncement will be made 7/30"
and i bet he will never do that again as any reporter should know if they go that route they are playing a dangrous game, if they are right then they are famed and they are worshiped and can have braggin rights up the yazoo
but if they are wrong they will go down in flames
you do have to have some confidence that if he is still sticking his neck out and saying a deal is going down, then he is either dead on or one really dumb ****.
since he is sticking to his guns......
well i will let you decide as i am not playing that game.
as for me i did lighten up on my shars a bit and sold out at 6.21 from a purchase price of 5.10 but got back in at 5.80 and riding it out on the long side deal or no deal
then there are my calls that i bought for purly play, a wazoo of aug and sept calls, those are the ones that will make the money, most of them are OTM as they are speculative anyway and to me this is what options are for an besides i was able the profits from the first sale of long shares pays for them so now i am on house money.
long lots of shares for the long haul
long lots of calls for the gamble (sept is the longest contract)
i would buy some puts as a hedge but way to expensive,
long term bull, short term neutual......
Negotiations take time. I have led several licensing negotiations with some large pharma companies for $1+ billion dollar deals and know how rigorous it can be. His sources are likely a little bit away from the negotiating table so they don't get 100% correct info.
PSU can i ask you this then:
in your experiance if something is so close that a date was put on it and something was wrong and they are now fine tuning it how long does it take for them to fix it on average?
for example the deal was thought to be done by 7/27 or 7/30 and it did not get done, it is now 8/1 so do things usally happen fast like in days or does it drag on for ever.
I would assume the kinks get worked out very fast while its still a hot issue but i could be wrong.
LEXIS please feel free to chime in if you read this as i know you also deal with this stuff.