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Stock Market & Financial Investment News

News Breaks
January 29, 2013
07:33 EDTFIO, STXSeagate 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.
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August 12, 2014
13:36 EDTSTXSeagate sees strong enterprise demand in 2H, says Pacific Crest

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