you are kidding right? 2 billion was what they thought LAST YEAR
No one expected this to be past 1billion this year after FIO's fiasco. Only morons who dont keep up with Violins IPO would not have known this.
told u guys so.
deserve to lose every penny for being greedy and not using your brains
never said to google it lmao. But NO they are not doing this to get more money for themselves lol.
Hope he knows what hes doing. Theres growing competition with big guns, so he BETTER bring his A game.
If he fails, this company goes down hill and ends up getting bought out for a few hundred million like STEC. If he succeeds then this can be the next EMC.
someone who gets it. This is a big red "DONT BUY US" flag.
Idiots like josbrown thinking this is to pay off "M&A" fees cause the deals announced and ready to go!
really paid in advance?
1) who are their advisors? if FIO had advisors they would have HAD to announce it to shareholders. Or do you not know how to read my first point moron? OHHH wait so they have hidden advisors that shareholders dont know about and they are secretly pulling out money to pay them without disclosing any information to shareholders. Oh ok i get it, u have no idea how publicly traded companies work.
And NO these work fees are NOT paid in advance you MORON. Do you pay your lawyers in advance? you are so dumb right now someone should punch you in the fact haha
And FYI, they can take out debt WHENEVER they want with a line of credit. Like i said, its a WARNING to seagate not to try anything.
1) They NEVER said anything about hiring an advisor. Where did you get the information that they hired an advisor? or right. THEY DIDNT. If they hired one or plan to hire one, they would have had to announce it.
2) "M&A fees" u moron would be paid AFTER the deal is CLOSED. And it would be paid by Seagate (who at the time would already have aquired FIO). Do you even know how advisors work? Ever bought a house moron? Does your real estate agent collect his commission while you are house hunting? or does he collect it after you get the keys to your new house?
Thats right, back to stupidville for you.
two stupid people in denial of the poison pill. Ive seen this like a dozen times already in companies who want to avoid buyout when they are highly targeted. you guys new to stocks i suppose
rightttt.. take open up a line of credit to pay for M&A fees when u have 250 mil in cash... how stupid are you
its a warning to seagate. dont try to buy us out or we are going to poison ourselves with debt
You dont take out a 500m pill... thats a suicide pill. poison pill is usually a small amount of debt thats says BACKOFF. like a warning shot. a "i took on some debt, u go even more near me and ill try something more crazier"
seagate sees this, they know fio doesnt want a buyout, will back off
and 25mil for advisors? lmao get real
I am almost certain now that there is no buyout. If a company wants to AVOID getting taken over, they take the poison pill - aka take out loans/increase debt and make them less attractive to get taken over.
Im sure all these seagate talk past two days got Shane thinking that it could happen, so he decided to take out these loans / increase debt to ward off takeovers. (obvious since there is no reason to do so with the amount of cash they have).
Sorry guys, looks like shane really meant it when he said company is not for sale.
too many questions still remain, especially last qtrs reset-button from Shane. If the buyout comes, it will be after the earnings release next month.
cashed out with a very nice profit and sitting in the sidelines for now. will jump in again later GL
wow you really dont have a clue how stocks work.......................
32 to 25 million in two months. lotta shorts covering. hasnt been down that much since beginning of the year. learn how the market works, you sound completely clueless! lmao!!!!