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FIO Message Board

  • busy26795 busy26795 Jun 24, 2013 10:09 AM Flag

    FIO Firm believes if FIO were to be acquired,it can attain a value in the low $20s



    Fusion-io: M&A likely to continue in the flash storage space - Mizuho

    •Mizuho notes STEC's acquisition at a 90% premium over the last close underscores the importance of flash in the storage space. Firm believes if FIO were to be acquired, it will be a competitive process and multiple will likely be much higher. Even if the multiple for FIO is half of the level garnered by other enterprise-focused storage players, it can attain a value in the low $20s. Firm remains positive on the stock as FIO is the market leader in a fast growing space where large vendors have a gap in offerings.
    •FIO is trading ~3% higher in pre market following the STEC takeout news.

    Sentiment: Strong Buy

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