Keep polishing that ever reducing turd
In an astoundingly fast piece of work Violin Memory shares were listed and trading on the OTCQX market a day after the New York Stock Exchange said it was halting trading in Violin’s shares. The October 27 NYSE halt was due to Violin’s average market capitalisation dropping below $15mn for a 30-day period (background here.) …
Gee I dunno, it's almost as if they saw it coming.
to the Pinks!
They haven't kept up with competitors .. keep selling the same, tired equipment while Pure, Nimble, and EMC/Dell pump out faster arrays.
Why would anybody keep working there after this? Violin's market cap has declined so much, I'd have to think that any stock options or equity stake is underwater. So what's keeping people there? Are their salaries exorbitant or something?