CLSA says a takeover of Fusion-io is less likely CLSA said a takeover scenario of Fusion-io by a storage company, OEM, NAND vendor or component provider is less likey. The firm previously thought EMC would be a likely candidate but no longer believes it wants to buy a PCIe component maker now that it has good results and said NetApp never had interest. The analyst does not believe an OEM would buy Fusion-io because then no other OEM would likely sell its product and believes its size is too big for component vendors. Shares are Underperform rated with a $9 price target, down from $12.
News For FIO From The Last 14 Days
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