Naming Names: Who Might Be Interested in Fusion-IO?
Shares of Fusion-IO (NYSE: FIO) are soaring on Friday as a result of takeover rumors. The stock is up 12.31% to $28.12 on very heavy volume and speculation surrounding the name is rampant. Despite the fact that this might just be a well-timed rumor designed to move a big chunk of FIO at good prices, the market obviously believes that there is some veracity to the chatter.
A technology trader over at techinsidr.com has put together a pretty good list of potential FIO suitors. The companies that he highlights and the reasoning behind their potential interest in Fusion-IO seem solid. He mentions four technology companies - Dell (NASDAQ: DELL), EMC (NYSE: EMC), NetApp (NASDAQ: NTAP) and Intel (NASDAQ: INTC) - that could be eager to acquire FIO's high-performance storage solutions business.
The caveat here is that these type of takeover rumors are almost never true - at least in the near-term.
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