FIO is the largest NAND flash storage company. FIO used to be a component vendor to OEMs, but after ioScale announcement FIO has become the largest Flash Systems Company. FIO has more dedicated sales force selling ioScale (server side flash) than EMC, NTAP, IBM, ORCL, HP,DELL,CSCO, or any privately company. FIO with its 200 sales people and counting, and increasing R&D budget, has a capable management team, money, and technology to grow and compete on its own. FIO needs to acquire assets like, ION, and ioTurbine to keep its market dominance.
Wall street likes to promote stock price of companies with acquisition plans for currency to pay for acquired companies.
Great stuff and all true. However, all this is not translating to one dime of investor value. The company is great - the stock is a POS. As I mentioned in an earlier post - I have held for way to long and will not find my way OUT of this worthless position.
Jeek: You'll find that as the stock continues to go lower the "why I'm still in this" justification posts will get longer and more intense... I'm expecting quite the diatribe from that double dudette squeeze/jlb...