Fusion-io (FIO) +6.3% after announcing an OEM deal with Cisco (CSCO) in which the company will...

|By:, SA News Editor

Fusion-io (FIO) +6.3% after announcing an OEM deal with Cisco (CSCO) in which the company will provide its flash memory modules for use in Cisco's fast-growing UCS server line. Piper (Overweight), which predicted the Cisco deal back in April, reiterates its forecast that Cisco could become a 10% customer by next year. Fusion-io already has OEM deals with IBM, H-P, and Dell.