Fusion-io sees weak third quarter as Apple, Facebook delay orders

(Reuters) – Storage drive maker Fusion-io Inc forecast current-quarter revenue below analysts’ estimates as Facebook Inc and Apple Inc delayed bulk orders, sending its shares down 21 percent after the bell. “… The change in our guidance reflects a two-quarter shift in the timing of their bulk purchases,” Chief Financial Officer Dennis Wolf said in a statement. Facebook accounted for 30 percent of Fusion-io’s total sales of $ 359.3 million in the year ended June 30, while Apple accounted for 25 percent. …

Full Story Via Tech News Headlines – Yahoo! News


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