by the Great Wizard of WOZ right about now with a statement of how he believes FIO will turn things around would get this beaten puppy up off the floor and growlin again! What are the odds of that happening before todays close or anytime soon ? hells bells this is still the best technology in flash storage that grew its revs to $432 mil in just 4 yrs with all the biggest and best companies as customers and partners ...are they all wrong. I might hold afterall as Seagate did say they needed some holes filled and seemed to be waiting till sector got a bit less frothy. HELLO SEAGATE ...Shane...Morgan Stanley... shorts just blew all the froth right off so what ya watin for ??
Well Seagate appears to have made a move without FIO...I just checked the headlines for STX and 2 days ago they announced ... not sure if this totally exludes them as suitor entirely but it looks like they are trying to do things internally. Still alot of other suitors ...all the 6 OEM partners of FIO could smell the blood in the water and make a bid.
CUPERTINO, Calif.--(BUSINESS WIRE)--
Seagate Technology plc (STX), a world leader in storage solutions, today announced that it is redefining cloud storage infrastructure with the unveiling of its internally developed Seagate® Kinetic Open Storage platform. A significant leap forward in scale-out storage architectures, the Seagate Kinetic Open Storage platform simplifies data management, improves performance and scalability while lowering total cost of ownership (TCO) of average Cloud infrastructures by up to 50 percent.