Well, it appears that the OCZ saga is finally, really, definitely ova. Toshiba is paying $35 million for the carcass. Which isn't much, and likely won't be much more than the debt (Yahoo! list this as $17 million, but that's as of 31 August; Hercules had all assets under its lending). Two points of interest here. First, during the day the share bottomed at $.10 and went to $.26, probably on shorts covering and fools speculating. During AH it came back a bit, then tanked to $.13 as I type after the announcement.
Second, and of more interest, is the fact that Violin Memory is attached at the hip to Toshiba. Methinks that Toshiba has a plan.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment