7 Ways to Buy Apple … Without Buying AAPL

Numerous tech stocks have a hand in Apple's growth

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7 Ways to Buy Apple … Without Buying AAPL

Fusion-IO

FusionIO185 7 Ways to Buy Apple ... Without Buying AAPLIn early June, data storage company Fusion-io (NYSE:FIO) pulled off a highly successful IPO. The company priced its deal at $19, which was above its $16-$18 range. On its first day of trading, FIO shares increased 18.4%.

Why the enthusiasm? Well, because Fusion-io is one of those cloud computing and storage stocks you hear so much about. It’s also a plus that it counts Facebook among its customers. But a big reason for the appeal of FIO is its chief scientist: Steve Wozniak, the co-founder of Apple.

The company reportedly gets about 24% of its revenue from Apple. Its flash memory technology is a big part of speeding up online response times. With a 4G iPad in the works, that puts an increasing demand on data-heavy multimedia like video, Fusion-io is well-positioned to benefit from Apple’s continued success.

The Facebook partnership is an added bonus, and a bit of diversification some might find very attractive. The stock is down since its November peak but has been on the rebound lately.


Article printed from InvestorPlace Media, http://investorplace.com/2012/03/7-ways-to-buy-apple-without-buying-aapl/.

©2014 InvestorPlace Media, LLC

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