Fusion-IO (FIO) CEO Flynn Slams EMC's (EMC) Latest Offering, Sees Facebook (FB) as Growth Area

Earlier in the session, EMC (NYSE: EMC) announced the release of VFCache, "a new hardware and software solution leveraging PCIe Flash technology and intelligent caching software that dramatically increases throughput and reduces latency."

The most direct competitor that EMC appears to be aiming for is Fusion-IO (NYSE: FIO). Fusion-IO CEO David Flynn, however, has been making the rounds trying to downplay EMC's offering while enhancing the value of his company's position.

The following are a few excerpts from an interview by Flynn on CNBC Monday:

• EMC is following Fusion's architecture with VFCache -- something which should be tough for EMC to leverage as the company depends on its legacy business.
  
  
• Flynn downplayed Fusion-IO as a takeover target, saying the company was more focused on growth now than at any time prior.
  
  
• Growth may come from all angles at Fusion-IO, both organically and through mergers.
  
  
• A GAAP loss last quarter was attributed to rising costs related to refocusing on accelerating growth as the company enters into a large marketplace.
  
  
• Other opportunities for Fusion-IO include Salesforce.com (NYSE: CRM) and Facebook (FB). Companies like those are making stronger moves into cloud storage and utilizing Fusion-IOs quick flash memory.
  
  
• Flynn hopes to further integrate with Facebook. The current relationship translates to FIO products touching 1 billion users almost daily.

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