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FIO Message Board

  • ellipticaltriangle ellipticaltriangle Mar 15, 2013 10:39 AM Flag

    The terrible FIO competitors

    Here is news about STEC from yesterday A/H:

    4:23 PM STEC (STEC): Q4 EPS of -$0.35 misses by $0.03. Revenue of $35.1M misses by $2.64M. Shares -12.3% AH.

    This at one time was supposed to be a vicious competitor to FIO. And what about that other one, OCZ? They went near bankrupt and most recently were desperately trying to get like a $40 million loan to keep afloat.

    What about those "BIG" company competitors? You know, the ones that make their money by producing and selling mechanical/magnetic based hard drives? (EMC, or is it ECM, STX,...). Well, what history shows is that the powerful divisions within the companies, which in this case are the old mechanical HD's, are not going to let the new, young, snappy divisions get ahead, so they'll starve them of funds and talent.

    Basically, if you are a big customer and looking to go flash on storage, who are you going to choose: the likes of STEC (with less than 1/10 the revenue of FIO), or OCZ (the near-bankrupt one), or the leader, which is FIO? Which has proven it can deliver workable, state of the art solutions to the biggest of clients (Apple, Facebook)?

    I think this is a very easy question to answer!

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