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Stock Market & Financial Investment News

News Breaks
January 29, 2013
07:33 EDTSTX, FIOSeagate investment validates Fusion-io market opportunity, says Piper Jaffray
Piper Jaffray views Seagate's (STX) $40M investment in Virident as a validation of the overall market opportunity for Fusion-io (FIO). The firm says Virident is the only logical alternative to Fusion-io and that Seagate's investment likely increases the takeover premium Fusion-io will garner. Piper thinks Seagate's investment will not change the competitive dynamic in the space as Virident has already received investments from Intel (INTC), Cisco (CSCO), Micron (MU) and others. The firm keeps an Overweight rating on Fusion-io shares with a $33 price target.
News For FIO;STX From The Last 14 Days
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November 19, 2014
07:40 EDTSTXUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 18, 2014
08:02 EDTSTXSeagate announces reseller agreement with SGI
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November 10, 2014
15:55 EDTSTXNeedham to hold a conference
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07:56 EDTSTXSeagate management to meet with Deutsche Bank
Meeting to be held in New York on November 10 hosted by Deutsche Bank.

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