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FIO Message Board

  • kingofusa1st kingofusa1st Jun 18, 2014 11:52 PM Flag

    FIO is CLIMBing, new deal underway

    that is the sign with such high volume --- I guess we shall see 13.6 offer or settlement

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    • From CS report: Alternative bid risks balanced. CEO/Founder David Flynn left the
      company a year ago and potential acquirers could have approached the
      company throughout this period, suggesting the asset has been evaluated
      but no other bids are forthcoming. Alternatively, there have been a series of
      acquisitions in the space with Western Digital acquiring STEC and Virident,
      Seagate LSI SSD assets, SanDisk Smart Storage Systems, Toshiba OCZ
      assets and IBM Texas Memory Systems. Consequently, there are few
      independent, non-array SSD assets left on the market, suggesting that
      potential acquirers could revisit the asset given this scarcity. We see
      Samsung, with foundry and SSD interests, Intel, with a server/platform base
      and NetApp, with application storage focus as potential acquirers.

    • As long as we are just speculating, I would like $15.00- or $20 would be even better- :o)