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Stock Market & Financial Investment News

News Breaks
July 23, 2014
09:02 EDTFIO, SNDKSanDisk 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.
News For SNDK;FIO From The Last 14 Days
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March 4, 2015
13:12 EDTSNDKSanDisk new product more disruptive than recognized, analyst says
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08:45 EDTSNDKSanDisk InfiniFlash very disruptive, says Bernstein
After SanDisk (SNDK) introduced a new all-flash scale-out storage system offering for big data workloads called InfiniFlash, Bernstein thinks the product is competitive with HDD for big data applications, and is also competitive with other all-flash offerings in the market. bernstein says that the poor reaction of SanDisk's stock following the launch indicates that the market does not understand the extent of InfiniFlash's disruption. The firm reiterates a $100 price target and Outperform rating on the shares.
07:24 EDTSNDKGSMA to hold a conference
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March 3, 2015
13:52 EDTSNDKSanDisk shares recommended at Ladenburg
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08:34 EDTSNDKSanDisk to hold a business news update
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07:27 EDTSNDKMorgan Stanley to hold a conference
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February 27, 2015
08:00 EDTSNDKMorgan Stanley likes SanDisk shares here
Morgan Stanley's NAND checks indicate supplier inventories are low and 1H 2015 pricing is holding up better than expected. Furthermore, contacts indicate Samsung's Galaxy S6 launch on Sunday will likely have upgraded NAND content of 32/64/128GB vs. the S5's 16/32GB. The firm believes the S6's content would absorb more bits in 1H than previously expected and help support NAND prices. The analyst reiterates SanDisk's Overweight rating and likes shares at these levels.

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