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Replies to #661 on Fusion-IO (FIO)

HOVA

05/29/12 5:53 PM

#665 RE: a r #661

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.