The screeching of Violin Memory's parting strings is horrible Another great quarter. Not. Violin Memory made a paltry $9.7m in revenue and posted a $22m loss for its first fiscal 2017 quarter. Revenues were down 20 per cent on the year-ago quarter and 11 per cent on the previous quarter, the fourth fiscal 2016 quarter, when revenues of $10.9m and losses of $25.5m were followed by lay- …
I've never heard of them anywhere else, they're a real minnow, even the stock analysts have given up on them, so amongst all the things that we could be hearing about - why do we always get stories about Violin memory (and DevOps!) ?
It's all very well claiming that the management team are investing their own money, but when I compare the 75,000 shares recently purchased by the CEO (for just $37k) with the 600,000 RSUs he was *given* in December it looks like a token gesture...
http://rankandfiled.com/#/public/VMEM/ownership
I first came across Violin about 6 years ago; I was mega impressed with their product. The price was a little high for my budget, but I could see a real argument for using their system, especially for the bigger systems.
That was a bit after we had implemented SAP; and with the issues that we faced, I thought for sure that here was a match that could not fail. Here was away for the really big implementations to avoid some of the key problems with performance, and at a price that was well within their budget.
So I am still puzzled at how they are still struggling. It just shows that nothing in this world is guaranteed.
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