Not saying you're right but it is interesting that according to their website one of their Board members is also on the Board of Oracle. "Mr. Bingham also currently serves as a director of Oracle Corporation"
Hey winston10024 ... is the Oracle buyout a definite ?? Subject title infers you having insider information. Did you mean to write: ORACLE buyout possibility / probability Wednesday when Oracle reports ?
Although, I am optimistic on a buyout of FIO due to consolidation currently in the sector. I do like your ORCL idea. Mr. Ellison is always looking for new areas for growth and this sector is definitely a growth area for them to acquire. Although there is lots of speculation along with other companies that can benefit from a FIO takeover. None of us knows what is going on behind the scenes. We will see what happens. In my opinion, with or without a buyout. FIO will be fine long-term. I stress long-term!
Hey fingenius1000 ... is your handle name now oraclegenius2000 ?!? There's the name calling again (idiot) . Before the market opened today, you opined FIO dropping in the first 15 minutes. FIO rose during the day. Yet you brand another poster as ... idiot ... idiot ?!?
It will be bought it's just a matter of when and how much. Companies like Seagate either need to acquire or they will lose market share. There is not enough time to develop it internally anymore. Things are just that simple.