Fusion-io (FIO) is now up 10.9% AH following its FQ3 beat and strong FQ4 guidance. FQ3 gross...

|By:, SA News Editor

Fusion-io (FIO) is now up 10.9% AH following its FQ3 beat and strong FQ4 guidance. FQ3 gross margin was 59.9%, near the high end of a guidance range of 58%-60%; it's expected to drop in FQ4 to 56%-58%. The NexGen acquisition takes Fusion-io into the market for standalone storage gear, and does so in a surprising way, given the startup's products package Fusion-io's flash modules and software with standard hard drives. It's worth noting NexGen's products are aimed at SMBs - thus far, Fusion-io's modules have largely been sold to enterprises and major Internet services firms. (PR)