You would expect them to deny… companies' always do to prevent a PPS a run. Where there is smoke there is fire. If they get in play other companies will jump on the band wagon. I have wondered why someone has not taken advantage of the low PPS. It’s not about the multiple it’s about the intrinsic value and future value.
The chatter apparently started with a report Tuesday on the stock news website Benzinga, which passed along a rumor that the company has hired J.P. Morgan “to handle possible bids from potential buyers,” citing EMC in particular as a potential bidder. The piece said that “one bid is reported to be in the high $20′s.”