With tech spending slowing down a lot, will this affect ADIC?? I know co's are working hard to keep up w/all their storage needs, but I was unsure if this would really filter down to ADIC. I think not, but would like some views if anyone has any info they'd like to share.
There's been lots of speculation on this BB about possible ADIC buyouts- most of it wishful thinking after the price tanked this year, IMO. Following this daydream you'll find conversation regarding the "death of tape technology." Of course, anything is possible, but I believe that a buyout would have happened by now if another company was seriously "sniffing."
Regarding IBM, I don't see this as a real possiblility. IBM has their own storage division, including robotic tape libraries. They have a pretty cozy arrangement with ADIC already in their LTO product line in segments missing from their storage division. Finally, I think that if IBM were truly looking to gobble up a storage company, they would have jumped all over StorageTek by now, given their past affiliations with STK and the space they already share within large-scale computing environments. Certainly STK wouldn't complain, and their stock price has been attractive. Despite this, STK countinues to wallow, and will eventually go away unless their management(?) figures out a way to work their way into a legitimate niche within the open-systems marketplace. Knowing this, IBM has chosen to move on without their "old friend" STK. The only reason that STK isn't already bankrupt, IMO, is their very lucrative O&M contracts outstanding from their existing customers.
Makes sense, 30-06. Why buy ADIC at this level when you coulda bought it 6 mos ago for 1/2 of what you'd have to pay now?? Just throwing out a line. Anybody got any good beaten down tech stocks w/good book values & cash positions they're looking to buy?? I think we could get a nice trading move up the next cpl weeks. I'm looking at SYXI, RDWR, ADCT & SUNW. Thanks...