Virtualization Technology News and Information
Fusion-io Share Price Up on Talk of Dell Bid

A new update on the acquisition rumor mill has solid-state enterprise storage company Fusion-io in talks for a potential acquisition by Dell.

According to a report on Seeking Alpha, Fusion- io’s share price quickly jumped by more than seven percent on Friday after a tweet from the investor Doug Kass linked the two firms.  The tweet picked up on an item from the subscription-based market news site Ran Squawk, which apparently reported that Fusion-io turned down a bid from Dell for $33 a share.

Is there anything to this?  Or is it simply tech rumor?  Who knows.

But Dell has made a number of acquisitions in the storage market in recent years, having acquired iSCSI SAN vendor EqualLogic and fellow SAN specialist Compellent.

Fusion-io recently released its third quarter 2012 financial results at the end of last month, posting a record revenue of $94.2 million for the fiscal third quarter of 2012, up 40% from $67.3 million for the same quarter of 2011 and up 12% from $84.1 million for the prior quarter. Net loss for the fiscal third quarter of 2012 was $4.7 million, or a net loss per diluted share of $0.05. 

FIO's previous close was $21.41 per share.  


Published Monday, May 14, 2012 7:18 AM by David Marshall
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