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Risk Reversal in FIO

Utah-based flash memory manufacturer Fusion-io (NYSE: FIO, $11.32, up $0.10 yesterday) popped 20% in a single day this past September, following Western Digital’s (WDC) acquisition of Virident and investor speculation that FIO could be next.  Shares traded to nearly $16, but pulled back below $10 in November and are now trading at a more modest […]