Fusion-io shares rise on Cisco contract
(Reuters) - Shares of Fusion-io Inc (FIO.N) rose 9 percent after it won an original equipment manufacturing deal from Cisco Systems Inc (CSCO.O).
Fusion-io, which makes storage memory hardware and software to speed up processing for data center servers, said on Monday that its Fusion ioMemory will be used in Cisco's UCS B-series blade servers.
Shares of Fusion-io touched a high of $19.17 in early trading on Tuesday on the New York Stock Exchange.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Maju Samuel)
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