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Fusion-io (FIO) Sees Upside on Takeover Chatter, Big Move in Facebook Spending

April 24, 2012 10:49 AM EDT Send to a Friend
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Price: $8.64 -10.74%

Rating Summary:
    10 Buy, 15 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 26 | Down: 10 | New: 8
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Fusion-io, Inc. (Nasdaq: FIO) is seeing a sharp upside move intra-day which could be related to some sell-side commentary at William Blair discussing takeover speculation and capex hikes at major client Facebook, disclosed in its amended IPO filing.

The analyst said Fusion-io may be a takeover target for companies like Oracle (Nasdaq: ORCL), HP (NYSE: HPQ), IBM (NYSE: IBM), Dell (Nasdaq: DELL), NetApp (Nasdaq: NTAP), or Cisco (Nasdaq: CSCO). They also note the talk of a potential EMC (NYSE: EMC) acquisition of XtremIO could start a consolidation wave in the sector.

On Facebook, the firm notes Q1 PP&E grew from $153 million to $453 million.

Shares are up 4.7 percent.




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