fusion io
fusion io stock up 22% on the news? maybe seagate buys them? All the spinning rust nay sayers out there going to eat crow as that industry gobbles up these flash startups, making their storage empires even stronger?
Western Digital has bought PCIe flash array supplier and startup Virident for $685m in cash and given it to its HGST subsidiary to add to its stable of flash businesses. Virident got itself a new CEO, Mike Gustafson, on 19 September last year. From hire to sale in 12 months is pretty damn good. Virident's board and backers …
Seagate isn't moving fast enough to gain a position in the future flash game. They are running low on candidates to buy. Fusion-IO is clearly one, but they seem a bit discombobulated recently, since Dave Flynn was forced out.
Perhaps Seagate sees too much of a disconnect in businesses with flash and is focusing on the box business instead. After all, most all of the design will come from third parties, some of whom sell to the same customers.