its been down along with entire storage sector like nmbl and fio.
vmem is comparatively very cheap dont be surprised if its already in play, emc/ntap/ibm/orcl/sndk are likely candidate to buy them.
i am betting on sndk as sndk is partnered with toshiba and they are big inverstor in violin.
sndk's ceo wants to get into enterprise software/hw bussiness to diversify.
vmem is 2X value in case of buyout scenario atleast.
i had been buying since 4.5 and so far it had been bummer , it can move 20% without any news with such a low float.....i am going to hold atleast for 3-6 months.
i work in this field for living and i like pure better than violin but i am optimistic with new managment