Scalper1 News
Flash storage chipmaker SanDisk on Monday announced a deal to buy Fusion-io on the cheap for $1.1 billion. Fusion-io (FIO), a developer of flash-based hardware and software for enterprise data centers, will provide SanDisk (SNDK) with a blue-chip customer base, enterprise vertical integration and a road map to higher gross profit margins, Sterne Agee analyst Vijay Rakesh said in a research note. SanDisk agreed to pay $11.25 a share in cash for Scalper1 News
Scalper1 News