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
Medtronic’s $43 billion buyout of fellow medical-device giant Covidien got a mostly friendly reception on Wall Street Monday, as some analysts foresaw a further round of mega-mergers amid a changing industry landscape. Late Sunday, Medtronic (MDT) announced it had agreed to buy Covidien (COV) in a cash-and-stock deal that would give Covidien shareholders 30% ownership of the new company. The deal would relocate Medtronics’ corporate headquarters
Which will sell better: electric cars or other types of alternative-fuel vehicles? Very different bets are being made on consumer adoption of one technology or one carmaker over another. “Fuel cell cars are a complete failure and a non-event,” Global Equities Research analyst Trip Chowdhry wrote in a controversial research report that favored high-end electric-car maker Tesla Motors (TSLA). As for Tesla’s upside, he wrote that the “competition,