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FIO Message Board

  • dratoms dratoms Oct 31, 2013 11:30 AM Flag

    STX offers $500M in notes

    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.

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    • 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.

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