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Thursday, Apr 12
2012, 11:21 AM
Heavily-shorted Fusion-io (FIO +10.9%) soars after Piper says it believes the flash memory...
Heavily-shorted Fusion-io (FIO +10.9%) soars after Piper says it believes the flash memory module vendor is working on an OEM deal with Cisco related to its popular UCS server line. Piper adds Cisco could become a 10% customer in the next 3-4 quarters, and that top customer Facebook could generate $201M in 2012 revenue. In addition, Fusion-io, which primarily relies on the server market, is announcing Fusion ioFX, a solution meant for workstations handling content creation apps.