What's Up With Seagate?

December 8, 2008 at 1:07 pm PT

To answer my own question, there’s probably nothing up with Seagate (STX). But the stock has spiked today even more than the broad market; and the stock Web site TheFlyOnTheWall.com asserts that the disk drive maker is being lifted by “renewed buyout chatter.”

Now, certainly you can see why people would fantasize about a Seagate LBO; the company was taken private in 2000 in a highly profitable buyout by Silver Lake Partners; the theory would be, well, why not give it one more go-round.

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Tagged with: Barrons, buyout, disk drive, Eric Savitz, frontpage, Seagate, Silver Lake Partners, Tech Trader Daily, TheFlyOnTheWall.com

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