Published in News
Fusion-io could cash in on Thailand’s misfortunes
Woz's SSD outfit counting its blessings
Fusion-io might cash in on the Thailand floods and make a bob or two for its SSD technology while HDD is in short supply.
Fusion-io is a flash memory drive, or solid-state drive (SSD) which provides data-centralised computing ideas to the likes of Apple, Facebook, HP, Dell and IBM. Fusion-io takes many flash chips and packs them together on a module that is a bit bigger than a deck of cards. The module slides into certain slots inside servers.
Apple’s co-founder Steve Wozniak now works for the outfit and orders have soared higher over the last fiscal quarter. Sales from August to November surged five-fold to $67.3 million from 2010. The firm also turned profitable in November, with a net income of $7.04 million compared to a $6.71-million loss last year.
Now the Thailand floods have halved the number of HDDs out there Fusion-io’s numbers should do well. Already the outfits stock has jumped as much as 12 percent.