considering that this was at 42 at one point. this sucks. the sellout is at such a pathetic valuation. MM should be ashamed. if he had any kind of plan, this offer basically says it was worthless..
200 million valuation is less the building is worth. SAD DAY!
I will freely admit I was wrong. I'm quite surprised that the brothers sold. I wonder if WD will kick them out. Hope so. If WD can get rid of all the bad management then the employees will be happy.
I wonder if the flash unit they bought from Hitachi problems with getting a PCI-E flash product off the ground made WD go in this direction. It's going to be tough for WD to rope all their flash investments together. Plus, they are stll a nand consumer and not a nand supplier.
I'm crossing my fingers that the long nightmare for sTec employees will be over soon.