I cannot find any news on IBM's Flash product announcements rumored to be announced on February 19, 2015. Did I miss it ?
CEO KD and his legal team will win. If past legal settlements are of any indicators, he will make sure the outcome is very good for the shareholders. Time will tell.
WOW Kavitha !! Many thanks for clearing the fog of what the new product announcement brings. Following last few months of news releases, things are making sense the huge leap forward VMEM has made....Can we say that currently VMEM is now once again the leader of the pack !! Please do post more often here. Thanks
All those were who questioned about VMEM customer..... This is from VMEM new improved website (not a press release yet)
The Violin Effect? Here is an example: $6Billion dollar customer migrates 300RU of #disk to 18RU of Violin. #transformational #AllFlash
We are talking petabytes in RU. @glynn when you get time, can you please tell us who among the top new competitors beat violin memory in the new product offerings ? I am talking about established players not one pony product newcomers ! Thanks from non technical geek
The designer and manufacturer of computer data storage products, founded in 2005, will announce its third-quarter results next month. The second quarter exhibited nine per cent quarter-on-quarter growth and Violin then expected a 10 per cent on quarter growth rate for the third quarter.
"I think the growth rate is accelerating," said DeNuccio. "We'll be conservative and methodical" as we grow, looking to build an order backlog.
DeNuccio estimates a 40-50 per cent annual growth rate is sustainable. The cash burn rate was $40m/quarter when he joined; it's now $15m.
Violin pulled in an additional $120m funding via a convertible note three weeks ago. With the $80m in the bank at the end of the second quarter, it now has three years cash available, assuming the current cash burn rate remains. "We do not need any more cash to get to profitability," DeNuccio claims.
Many thanks. Maybe VMEM is consolidating engineering from various regions into HQ. I say this because VMEM has $$$ to become profitable so that is not the concern, and so on. We here are now depending on you to keep as upto date until this become widely publicized information. :) Please post more details , since you have the breaking news here.
WOW !! your are posting on all of the VMEM threads to get everyone's attention. You need to explain more if the layoffs are for specific product line or change in business focus direction....Please continue to post more details as become available ! any links on the layoffs news etc would be great. Any news on the new announcement on February 17, 2015 ..
This what the article also says :
IBM appears to be poised to make a big splash in the flash storage array business with the hiring of a high-profile executive from one of its top competitors, Violin Memory.
That tells it all.....Kudos to CEO KD for putting Violin Memory as a leader of the pack again. :)
I was one of the few who speculated about buyout possibilities in the wake of the legal firm sniffing/investigation and VMEM CMO Eric Herzog surprise and yet to be announced resignation from VMEM. However after cool head analysis and reading further postings on the register, i have come to the conclusion that no buyout seems to be on the horizon. Mr Herzog seems to have done a fabulous job for VMEM and it seems that made IBM nervous and hired him for lots of $$$. And if my thinking is correct then what price do you think VMEM Executive team and BOD will sell VMEM for ? It is a great loss for VMEM of Mr Herzogs leaving but I do wish him great success. CEO KD for the past few quarters had steadily said that with the new product upgrade, the competitors are going to be the likes of IBM and once again he is proven right. Good bye SNDK, NMBL etc. We are just awesomely lucky to be able to have CEO KD leading the assault. I ask all to go and visit the violin memory website and see the changes....it is going to blow you away and indication, this company is ready for a massive run up. I plan to start a new thread on the new website and need tech advice from @greg (you can run but you cannot hide) and other smart folks to help dissect whats going to happen from here on. :)
OT: cld9731 i do not want to start any buyout news here but I have been watching Sandisk and what they have been doing very closely and my bet is they could be the likely candidate. Just guessing here.
First , Herzog took position as VP and NOT CMO at IBM....still unconfirmed. Second, this move by IBM is business move with new product launch on February 17, 2015, a desperate try by IBM to slow down the VMEM momentum. The important point would be who KD is going to replace Heroz with. I think VMEM buyout is imminent !!
something is afoot but what ? also are they investigating current Management or before KD and his team took over ? More details are needed.
January 31, 2015 is teh quarter and fiscal year end for VMEM. We already the company had backlog from last quarterly conference call, so I do not expect any shortfalls. The only questions will be A) by how much they beat the expectations, B) what the backlog is, and C) what the forwards guidance is.
The important question is What the law firm is investigating ? My thoughts (read more like my speculation) is that maybe, just maybe suitors may have approached the company or BOD and they refused to sell. I do not know ? we have to wait until more details are known. The law-firm did a good job in releasing the PR quite extensively. As for the company, it is just doing fine , the turn around is still very much in place. VMEM has conquered the UK market. Do your DD and you will agree with me. Finally, VMEM is strong in Europe and the massive bond buying speculated in the news is going to benefit VMEM
OT catcherofdrye: Thanks for bringing the information to our attention. If the poster on the other message board has correct information then the stock will go down once the official press release comes out. we don't know when that will be. But we know that the fourth quarter 2014 dividend is coming for sure. Please keep us informed if you hear more.