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News Breaks
November 12, 2012
08:55 EDTFIOFusion-io has significant competitive advantages, says Pacific Crest
After meeting with Fusion-io's CFO and COO, Pacific Crest thinks the company is gaining significant customer traction. The firm recommends building a core position in the stock and maintains an Outperform rating.
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July 23, 2014
09:02 EDTFIOSanDisk completes acquisition of Fusion-io
SanDisk Corporation (SNDK), a global leader in flash storage solutions, today announced it has completed the previously announced acquisition of Fusion-io (FIO), a developer of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters. Under the terms of the agreement, SanDisk completed the acquisition for $11.25 per share for the outstanding shares of Fusion-io, and assumed unvested, in-the-money equity awards, for a total aggregate value of approximately $1.1B, net of cash assumed. SanDisk’s third quarter financial results will include the results of Fusion-io from July 23, 2014 through September 28, 2014. SanDisk expects to exclusively use non-captive memory for the Fusion-io business for at least the next several quarters.
July 17, 2014
12:15 EDTFIOSanDisk plummets after Q3 revenue outlook disappoints
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July 16, 2014
17:48 EDTFIOSanDisk says expects to be 'somewhat supply constrained' in 2H14
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13:44 EDTFIOEarnings Preview: Stifel sees SanDisk results, guidance topping expectations
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08:03 EDTFIOSanDisk announces expiration of HSR waiting period for Fusion-io purchase
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