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I'm guessing $FIO will wash out soon -- maybe near the end of the year for tax loss selling ?
But I'm afraid to tocuh this until the report earnings (or lack of earnings).
Chris
I know this sounds crazy but some of the frozen store bought ones are pretty good too. But I think that's just because its so good no matter where its made.
Chris
See ! I could tell ! By the way, I've been eating spanokopita since I was 8 years old !
Chris
OT: Chris, embedded software engineering.
One of my all time favorite sayings !
You must have an IT background, lol.
I'm gonna wait till the next bad news announcement comes out.
Chris
The beatings will continue until morale improves,
as they say.
Underwater long.
Imp updates at UBS-Global-Technology-Conference
cc transcript here
http://www.earningsimpact.com/Transcript/84614/FIO/Fusion-IO%2c-Inc----UBS-Global-Technology-Conference
Fusion-io soars in response to insider buys
http://seekingalpha.com/currents/post/1360442
New Fusion-io (FIO +11.1%) CEO Shane Robison bought 105.5K shares on Friday at a price of $9.52. Also, legal chief Shawn Lindquist bought 11K shares at $9.50.
The purchases came after Fusion-io shares crashed last Thursday due to poor Dec. quarter guidance and the departure of the company's CFO and sales chief.
Fusion-io blamed the guidance shortfall on its CC (transcript) on delayed purchases from hyperscale customers. Apple and Facebook remain Fusion-io's biggest customers in this segment, but the company has also received orders from other big names, such as Pandora, Alibaba, Salesforce, and LinkedIn.
Analysts pressed the company on the strength of Fusion-io's hyperscale business, and whether company-specific issues were playing a role.
21% of the float was shorted as of Oct. 15.
I own it already.
Oh Joy! ;)
Seems to me my interest was a potential takeover at some point - but I own so many stocks who the hell knows why I really bought it at this point. LOL!
I would have to look back on my notes -
(If I could only remember where I put them? ;)
Good luck!
Jen
lol how about that !
By the way, after last quarters bad news, $FIO sold off for 3 days before rebounding. So I would not bargain hunt yet -- if at all.
Chris
Your wish has been granted:
I'm not sure why the CFO resigned -- I'd fire whoever is in charge of sales !!
Chris
FIO 10/24
FBN Securities downgraded Fusion-io (NYSE: FIO) from Outperform to Sector Perform with a price target of $11.00.
Morgan Stanley downgraded Fusion-io (NYSE: FIO) from Overweight to Equalweight.
JPMorgan downgraded Fusion-io (NYSE: FIO) from Neutral to Underweight with a price target of $9.00.
Da Horror? Da Lumpiness!
Lazard Cuts PT on Fusion-io (FIO) to $14; Disastrous Results Don't Unseat Fundamentals
http://www.streetinsider.com/13Gs/Lazard+Cuts+PT+on+Fusion-io+%28FIO%29+to+%2414%3B+Disastrous+Results+Dont+Unseat+Fundamentals/8807949.html
Lazard Capital cuts its price target on Fusion-io (NYSE: FIO) from $17 down to $14 while maintaining a Buy rating on the stock following Q1 results.
After markets close on Wednesday, Fusion-io posted Q1 loss of 7 cents per share on revenue of $86.3 million, from expectations looking for a loss of 11 cents per share and sales of $84.7 million.
Lazard analyst Edward Parker commented, “While we concede that headline numbers have been disastrous and continue to move in the wrong direction, we believe the reason stems from a combination of organizational transition and concentrated customer lumpiness, two issues that are ultimately manageable. There's a strong technology story here that continues to be levered to rapidly growing end markets but is being dragged down by lumpiness.”
After Fusion-io pulled guidance, Parker cut his outlook for FY14 from 20 percent growth to 12 percent negative growth. He explained, “Management maintains that relationships are strong and they aren't losing customers. Whether this is completely accurate or not will require some investigation, but we haven't come across compelling evidence that widespread competitive displacements are occurring.” Notably, Apple (Nasdaq: AAPL) and Facebook (Nasdaq: FB) were about half of Fusion-io's revenues in calendar 2012, which is skewing comparisons.
While the company has issued a few missteps over the last several quarters, Parker doesn't see enough evidence that competition is squeezing Fusion-io or that an unfavorable secular change is happening.
It's all about the lumpiness. ;)
Back near its 52-week low again.
Chris
Q1 Earnings cc transcript
http://www.earningsimpact.com/Transcript/84107/FIO/Q1-2014-Earnings-Call
- $FIO earnings report ..... ug-ley. Lower revenues and another loss.
Chris
Just shorts desperately trying to shake shares loose...
uhhh ohhhh ..... selling off with earnings tomorrow.
Chris
It's also being heavily accumulated. The push downs at the end of the day are to hide the buying and condition traders to sell. One of these days it will go up instead of down and the sellers will be left in the dust.
Good points!
It is hard to stay still in a falling tide.
Next week the FED dumps another $85 billion into the economy, and by Tuesday the stock market gets its fix or buzz.
FIO showing some accumulation despite down market day.
Had market been positive, FIO likely would have broken $15.
It got as close as $14.90.
Need to break above $15 pps,
and it looks like it will take significant revenue news. New sales contract would do it!
Today's news could lead to such contracts:
SALT LAKE CITY, Sept. 19, 2013 /PRNewswire/ -- Fusion-io (NYSE: FIO) today announced that the Fusion ION Data Accelerator all-flash shared storage solution now features integrated support for Oracle Enterprise Manager cloud computing management software and Oracle VM Server virtualization software. ION Data Accelerator software delivers powerful shared storage performance using industry standard server platforms and Fusion ioMemory to provide real-world acceleration for enterprise applications from leaders like Oracle, expediting business-critical information across cloud computing, virtualization, data warehousing, online transactions and business intelligence.
(Logo: http://photos.prnewswire.com/prnh/20130612/SF30606LOGO)
Updates from cc transcript
Fusion-io Tech Talk "The First Flash for Hybrid and All Flash Storage"
http://www.earningsimpact.com/Transcript/83565/FIO/Fusion-IO%2c-Inc----Business-Update-Call
On chart, $15 and about $20 are
overhead resistance. It is a very long way back to $40 pps. 2 years?
Should be bought out before then!
ChrisJP: Making slow money is less risky,
and this company is in the right place at the right time. The future on the USA economy is based on the HIGH TECH companies that make global profits. Such profits, if returned to the USA, release a multiplier effect, helping the S&P 500 type of companies grow and hire.
Yesterday's rally was likely fueled by the HP news from the day before: http://www.fusionio.com/press-releases/fusion-io-accelerates-new-hp-zbook-mobile-workstations-with-fusion-iofx/
After a little discounting of share price for any news excess, this stock will grind higher, making real slow money for the patient. IMHO.
Thanks, Chris.
Congrats on making some quick money.
Chris
I am out!
Takes a year or more to make 12% on your money.
Tomorrow? That's another day....
Should see a strong close north of $15,
and possibly even near $16 today.
That's just a beginning.
We should see $18 range by next week.
Assuming the broad market doesn't tank hard on us.
i got in this morning as well. holding till tomorrow.
I made some money on this so I'm not complaining about that. But its tough not to be cynical about the dysfuntional way Wall St operates. All to enrich themselves and make our experience more like a casino.
Chris
I understand your dilemma. I got severed from my techwreck job and considered it a gift. It was an opportunity to move on and do something different. Sure, $16 is possible, but you follow the charts and would know to cover. I always admit to my wrongdoings. Taking a loss is healthy and is part of the game. Being wrong and staying wrong is unacceptable!
Are you upset because you sold too early and its running up big?
Or are you shorting and losing big?
Obviously, if you were making money on this,
you wouldn't have any complaints.
Yeah its a long story, but the short version is I have a day job so I have to be careful where I try to make money.
Crazy volatility stocks are out of the question.
And who's to say this won't go to 16+ over the next few days ?
Chris
With all that knowledge, you should be looking at going short here, IMO.
For some of us, we should have a great-grandfather icon. lol
Chris
Last week you couldn't give $FIO away for $11, this week its "worth" $22 ! Wall St. in action.
Chris
My bad, old school, that icon next to your userid was a tell!
lol I'm the 280th member of iHub. So I've seen every scam you could possibly imagine.
Chris
Typical sell the news scenario. Hope you're not in the 'all is fair' camp. Manipulation will always exist in the markets. Read up on Jesse Livermore, aka Lawrence Livingston.
FIO acquisition target set at $22-$27
Load up early folks. This is going way way high from here.
http://www.theflyonthewall.com/permalinks/entry.php/FIO;FB;AAPLid1885955/FIO;FB;AAPL-Firm-says-Fusionio-could-be-acquired-for--per-share
Firm says Fusion-io could be acquired for $22-$27 per share
Flash memory product developer Fusion-io (FIO) is rallying after research firm Pacific Crest wrote that the company could be acquired for $22-$27 per share. The company's stock was trading just shy of $14 in early trading today. WHAT'S NEW: Based on the prices paid for two flash memory companies in recent acquisitions, Fusion-io would be worth $22-$27 per share in a takeover deal, Pacific Crest wrote in a note to investors. The firm added that it was becoming more upbeat on Fusion-io's outlook, partly due to the possibility that it will be acquired. But the company's stock could also be boosted by the launch of new data centers by Facebook (FB) and Apple (AAPL) next year, the firm stated. Fuion-io's shares could potentially reach $22-$27 based on an increase in the stock's multiple, Pacific Crest predicted. TODAY'S PRICE ACTION: In mid-morning trading, Fusion-io jumped 60c, or 4.6%, to $13.75.
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Fusion-io is a pioneer of a new storage memory platform that significantly improves the processing capabilities within a data center by moving process-critical, or active data closer to the CPU where it is processed. Called shared data decentralization, this significantly reduces latency while increasing data center efficiency. Fusion's integrated hardware and software solutions leverage non-volatile memory for enterprise-grade performance, reliability, availability and manageability.
Founded in 2006 by a management team with experience in transaction processing, high-performance networking, storage, superclusters, and computing and image processing, Fusion-io recognized that mechanical storage architectures do not keep pace with advances in digital processing power. This meant that despite major advances in technology, data processing was limited to the speed of legacy storage infrastructures. Without a solution designed to maximize their capabilities, modern CPUs sit idle while they wait for data to process.
Fusion-io solves the data supply problem with a new purpose-built solution. By combining hardware and software to develop a reliable storage memory platform, Fusion-io gives servers native access to data to accelerate enterprise databases and applications. This allows enterprises to significantly reduce complex and expensive high performance storage, high performance networking, and memory-rich servers. In addition to accelerating performance, Fusion's storage memory platform also reduces energy consumption and total cost of ownership.
Fusion's ioMemory modules are one of the industry's most efficient and cost effective resources for processing large amounts of data very quickly. One ioMemory module contains 100 times the capacity density of dynamic random access memory, or DRAM, to provide applications fully scalable memory for accelerating throughput and reducing latency while driving higher performance density and efficiency in application server platforms.
Fusion's Virtual Storage Layer (VSL) software allows ioMemory to operate as a storage memory tier within the enterprise server to provide servers direct access to data. Fusion's directCache software extends the ioMemory platform and permits interoperability with traditional direct-attached, network-attached, storage area network-attached and appliance-attached backend storage systems. ioSphere is a suite of management software purpose-built for Fusion's storage memory infrastructure and designed around Fusion's data decentralization platform.
Fusion-io solutions are sold through a global direct sales force, as well as leading OEMs including Dell, HP. IBM, Supermicro and other channel partners. Numerous industries rely on Fusion-io to accelerate their enterprises, including leading web businesses, social media, finance, security, government and military organizations that have adopted ioMemory to supply their servers with the critical data they need most. For more background on customer ioMemory implementations, please visit our case studies.
usion-io Inc (Fusion) is a provider of data-centric computing solutions: a combination of hardware and software that places data closer to processing. Fusion's family of NAND flash-based ioMemory technologies offer a solution that scales to meet the needs of information technology (IT) administrators and partners and allows them to re-imagine how data centers can be architected. Fusion's software solutions are built on the ioMemory Virtual Storage Layer (VSL), a flash-optimized operating system (OS) subsystem that allows ioMemory to interact with the central processing unit (CPU) and system memory as a tier of memory, and emulates a block-based storage device to applications. Its ioMemory is for data center applications. A single ioMemory module has the capacity of 100 memory modules, and the performance of 1,000 disk drives.
The ioDrive is a solid state technology that increases bandwidth and application performance, reduces latency, and simplifies IT infrastructure. It integrates with servers at the system bus and kernel level, creating a new Flash memory tier; accelerates applications, and has from 160-640 gigabyte (GB) of enterprise-grade, solid-state Flash.
The ioDrive Duo doubles the performance and capacity available on a single device. Multiple ioDrive Duos combined can achieve gigabytes of bandwidth and hundreds of thousands of IOPS with a single server. It has a solid-flash state ranging from 320GB - 1.28 terabyte (TB).
The ioDrive Octal packs 6 GB per second of bandwidth, and 5.12TB of capacity into a single PCI Express device. This enables organizations to tackle workload challenges with a single server, eliminating the latency impact of accessing backing data stores.
Fusion's ioSphere leverages Fusion's Virtual Storage Layer (VSL) to become a base for Fusion to create software modules that help the enterprise get the most from ioMemory deployments. ioSphere software modules include ioManager: Manage in-server ioMemory through an intuitive Web interface, and ioDirector: ioMemory management across the data center. http://www.reuters.com/finance/stocks/overview?symbol=FIO
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