Violin Memory resembles toast February of 2014 saw Kevin DeNuccio appointed as Violin Memory's CEO. Then the shares were worth about $15. Today, 32 months later, they are worth $0.13 after a 4:1 reverse stock split and NYSE exit; so $0.0325 in "old money," with the firm now capitalized at $3.27m. Its shares have lost some 99.8 per cent of their value on …
Their product was very interesting. I guess throwing yourselves to the wolves (stock market) may not make great sense when you have a very specialised product. Maybe staying a private company would have been better.
Maybe another small storage vendor could pick them up and keep their technology alive.
Looks like they have an Equity Value of -$90m with decreasing sales etc the past couple of years. They either need a new product to reinvigorate them, or someone to buy them out - though with Flash developments being fast paced, I'm not sure Violin has enough to make them worth buying.
http://www.google.co.uk/finance?q=OTCMKTS%3AVMEM&fstype=ii&ei=3HIkWOGsOo_qU9CVsIgE
One thing, looking at their website - I can't find the vaguest idea of how much I could buy one of their products for. If you don't have a "buy" or "quote" button on your website, what is the point. I'd almost enjoy improving their conversion process if its that bad right now.
Finding http://www.storagepricing.org/tag/violin-memory-pricing/ - shows that to buy 1TB of Violin could cost $3k to $6k, pretty darn expensive - and with SSD improvements and 3DXpoint etc around the corner, there may be better ways to spend your money.
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