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STEC, Inc. Message Board

  • spectracide spectracide May 16, 2011 9:13 AM Flag

    SNDK buys SSD company Pliant

    anDisk agrees to acquire Pliant Tech for ~$327 mln; expects the transaction to be dilutive to its non-GAAP earnings by 2-3% in fiscal year 2011;accretive to non-GAAP earnings in fiscal year 2012 (46.49)
    Co announces a definitive agreement to acquire Pliant Technology. Co will pay ~$327 mln in cash and provide certain equity-based incentives. Co expects the transaction to be dilutive to its non-GAAP earnings by 2-3% in fiscal year 2011 and accretive to non-GAAP earnings in fiscal year 2012. Co states: "The Enterprise SSD market is poised for considerable growth, with revenue projected to reach $4.2 bln in 2015, up from $994 mln in 2010."

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