Fusion-IO (FIO)

[HOVA]

Fusion-IO, Inc. (NYSE:FIO): After traveling with Fusion-io (NYSE:FIO) management, Piper Jaffray believes Apple (NASDAQ:AAPL) could displace Facebook (NASDAQ:FB) as the company?s top customer. Piper says both Apple and Facebook now use Fusion-io cards for new uses, specifically for capacity storage, and that Fusion-io?s pricing at Facebook has not been impacted by competition. Piper reiterates an Overweight rating on Fusion-io shares wit
h a $38 price target.