Yes, been trading OCZ for a while now. Here are some things to support the rumor: - All insider activity (planned sales) stopped in April, which supposedly coincides with the start of negotiations. - There was an unusually large options backspread trade initiated on 7/13, indicating that someone believed the share price would jump substantially. - OCZ recently canceled an investor roadshow conference for this coming week. Disclosure: I am long and hedged going into Seagate's earnings call on Monday. -lf