Sneak was very impressed to learn that storage giant Adaptec has agreed to buy Snap in a $100 million deal. That does seem like a lot of money, but then these future-cash plus stock deals are incomprehensible at the best of times. Could it really be that all those sampled electronic piano riffs, barked rap lyrics and poor dress sense have paid off so handsomely for the 90s dancefloor sensation? Adaptec would not comment on claims that the Snap agreement means it has now "got the power", or that the network-attached storage market has been gettin' kinda hectic. "Stay off my back / Or I will attack / And you don't want that!" said a spokesman.

14 Jul 2004