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OCZ shares jump as Seagate gobble speculation echoes

Will the big fellow slurp the flashy hustler?

Intelligent flash storage arrays

Reuters is reporting that flash products hustler OCZ may have received a buyout offer from Seagate and its shares are up a fifth.

Reuters quotes an industry blog, Fudzilla, which ran a speculative story about the potential deal and said there was more than one suitor. Micron is identified as one such.

OCZ has grown quickly and has a strong consumer SSD presence and a growing enterprise one with both SSD and PCIe flash products. It has OEM deals and is thought to be a provider for Microsoft in its Azure cloud infrastructure.

Seagate has entered the SSD market in a seemingly lukewarm way but recently bought DensBits, a flash storage controller supplier which is developing the controller software needed to make the latest highest capacity 3-bits per cell flash (TLC) achieve a working life acceptable to business. Currently it's only usable in restricted consumer-class applications.

Apple is working in the same area with its acquired Anobit controller software startup. OCZ has been talking about the imminent arrival of TLC flash as well.

A bid for OCZ would signal Seagate has much stronger ambitions in solid state storage than has been realised, and put the pressure on other suppliers.

OCZ is capitalised at $361.3 million and its shares are up 17.3 per cent today to $5.35. Fudzilla said OCZ wouldn't comment. We've asked Seagate, expecting the same response, and got it:

"Seagate does not comment on this kind of speculation." ®

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