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.