4 Tech Stock Stories for Investors not to Miss
Fusion-io (NYSE:FIO): Current price $21.27
The firm is open-sourcing its ioScale hardware design and intends to donate it to Facebook’s Open Compute Project, however, users who employ the ioScale design kit will have to use Fusion-io’s own-brand controller tech. At the Open Compute Summit which ran over the weekend in Santa Clara, Chief Executive and C0-founder David Flynn gave a presentation entitled The all-flash data centre: Hyperscale acceleration, during which he announced the open-sourcing of the ioScale product’s electro-mechanical hardware design though its donation to the OCP. Flynn commented that, “We’re open-sourcing the design. This will allow OCP members to take that design and customize it to their servers. It will facilitate third-party manufacturing [and] it uses our controller technology.”
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