Fusion-IO, Inc. (NYSE:FIO): EMC may need to buy Fusion-io if results do not show improvement, states Sterne Agee, who believes that IBM’s (NYSE:IBM) acquisition of flash memory solution provider Texas Memory Systems may drive a second round of consolidation in the storage space. The firm claims that if EMC’s (NYSE:EMC) refresh of VFCache does not show better results for the first half of 2013, the company could be forced to acquire Fusion-io. Additionally, Benchmark Co. thinks that IBM’s acquisition of flash-based storage provider TMS will probably not have a major impact on Fusion-io. The firm also states that if anything, IBM’s deal could influence Hewlett-Packard (NYSE:HPQ) to buy Fusion-io. Recall Sterne Agee stated earlier that EMC could consider acquiring Fusion-io after IBM’s purchase of TMS.
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Myriad Genetics Inc. (NASDAQ:MYGN): After an appeals court ruling on Myriad Genetics’ gene patents, Mizuho thinks that that the ruling showed favor to Myriad. The firm mentions that the company’s patents in relation to DNA composition were upheld, and it believes that the analysis technique which was ruled ineligible for patents is not a big issue. The firm keeps a Buy rating on on the stock.
eBay Inc. (NASDAQ:EBAY): Earlier today, Piper Jaffray stated that its optimism regarding eBay’sPayPal has not changed after a group of retailers headed by Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) announced the Merchant Customer Exchange yesterday. The exchange, named MCX, is a cross company payment solution intended to allow the members to have more control over transaction costs and transaction data. Piper does not believe that MCX will be an exclusive payment option at stores, and notes that there are already several payment competitors, few as large as PayPal. Additionally, Piper believes that there will be multiple winners in mobile payments, where it feels PayPal holds a good position. The firm reiterates an Overweight rating and a $50 price target on the stock.
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