I wonder why they need that much money?
Why did they buy back all of those shares from Samsung?
I'm starting to think that STX and FIO would make a perfect pair and that STX's survivability would be enhanced greatly.
I looked at STX balance sheet, and they dont need the cash....they have a lot of it. it is a possibility that it could be used for acquistions.....also, to buy back shares, and once the share price is higher, then a stock based (or stock and cash based) takeover could be possible. I'm bullish on FIO, and would love to see STX buy it.....and...sooner rather than later....
With Shane putting up his own money and FIO bringing in top notch experienced personnel, I doubt Shane and BOD would consider anything less than the $20s for a buyout. What does bother me is the chance that Shane wants to prove to the world that he can be a real success at being a turn around CEO.