Dan, QuadK, all,
Actually, I think that QNTM might be a suitor. They are splitting their stock into two tracking stocks (IRS willing), and said last week that they will be further diversifying out of the drive vendor business into the storage system business. DGN would conceivably be a good entree into that business. However, it will depend on price, QNTM's stock is languishing, after getting a pop after their tracking stock announcement. They have between $600 and $700 million in cash, with addition funds in a line of credit, but I doubt that they would want to blow their wad for DGN, or to use cheap stock for the deal either. Then again, maybe they can sell their drive business and buy DGN with some of the proceeds.
Just speculating.
Sam
P.S. BTW, Dan, great call on DGN last week! |
