SanDisk reported record revenues for the third quarter of 2014, but disappointed on profit, showing a quarterly and year over year decrease.
SanDisk to buy FusionIO for $1.1 billion, Consolidation Continues
SanDisk and FusionIO have entered into an agreement where SanDisk will purchase all of FusionIO and its assets to the tune of $1.1 billion in cash, once again continuing the consolidation of the NAND flash market into fewer bigger companies. This announcement is likely a response to Seagate’s recent acquisition of the NAND flash division of Avago which included the SandForce controller division. However, the real truth is that FusionIO is not anywhere near a consumer flash storage company and most of their customers are professionals or enterprise while most of SandForce’s products are consumer focused. I’m sure SanDisk would have loved to buy both