They already bought Nextgen and have better technology than Nimble so they need to find something else because they're messaging is falling flat. No one knows what they sell or what they stand for. Reminds me of that old Saturday Night Live skit "It's a shoe polish. No it's a dessert topping." They used to stand for innovation. Half these companies are following their lead original lead. Not sure what they stand for now though. I guess they stand for lost opportunity :-)
Yeah Nimble's technology is more like FIO's Next-Gen and not a pure flash play like VMEM. From what I've been reading customers are voting with their PO's and opting for hybrid before pure flash boxes. VMEM probably kicked their CTO to the curb because of this and I bet they have a hybrid out after the first of the year too.
The company couldn't make a profit and that had nothing to do with Pipster. If they had a real business he would have been very wrong. But it would appear he did his due diligence while some of us were just fan boys. Some of us loved the technology so that made the company amazing to us. The company was not amazing. It was a disaster. They lost money every time they sold product. I am not a Pipster fan, I think he can be rude, and childish at times. The quintessential internet troll. But like it or not he deserves his props because he called it. While I on the other hand convinced friends to invest in this piece of garbage. I was sure they would be bought out. I was right in the end because they are getting bought out. But this is not the ending I was hoping for.
Anyway, well done for those who called it.
The problem is they can't make money selling them below the cost to manufacture. Currently, every time they sell one of these amazing drives they get further in the hole. So positive reviews or not they don't have a viable business. Looks like Toshiba will benefit from the R & D now.
His timing might not have been on but he still called the RP fraud, the cash flow issues, the buyout rumors were bs, and that the company would eventually go into bk. Most mocked him, hated him, and flat out attacked him on this forum. I am not saying I am a fan of the drama or trolling he created but we should at least give the guy his props. He called it and no matter what you type after this to hate on me, him or anyone else who lost faith in OCZ, you can't take this away from him.
I didn't agree with your delivery methods Pippy but well done.
At the current price a thirty cent move if a blow out. What is that like a 50% gain if the went up around thirty cents?
I am curious what you love about OCZ? Why not love someone like INTC? At least INTC is out executing everyone even Samsung in the SSD space and INTC doesn't even own a fab anymore.
The real difference is predictability. With an SSD you can predict wear out. But with a HDD you roll the dice. Even replacing HDD's long before it would be necessary.
He is a joke in the industry anyway. So why drag this on and let him continue to milk the company and investors. Get a real CEO and give the company a fighting chance.
You seriously trying to compare FB and VMEM? One had over 40% revenue growth post IPO (on billion in revenues) and the other (VMEM) if they don't miss again might beat 28% (on tens of millions in revenues).
I get it you're a bag holder.
If the CEO was a sociopath he could easily remain calm in the face of stress like that without breaking a sweat. Obviously he oversold the state of their company or they wouldn't have lost over 50% of their IPO value in just a couple of months.
Unlike OCZ I didn't fall for this one. The CEO is to shady for my taste. This was definitely a good short post IPO. I wouldn't short from here because who knows what could happen. So time to sit back and wait for pumpers to inflate it back up again. Then look at shorting again before next quarters earnings and the CEO's next excuse to justify his millions in bonuses. It can't be government shut down again so I am guessing alien abductions ;-)
HP dropped VMEM and will qualify none of their new products. so who is HP using now? You guessed it they're using FIO. The same company that taught HP everything they know about enterprise flash.
It would be a good idea actually. They would get more interest from retail if the price were over a dollar.
I want a job where I can miss my bosses expectations, lose more money than I make, and still get millions of dollars in bonuses.
It's obvious they went public before they were ready so Basile could get himself a big fat payday bonus. All he had to do was get them public before October 1, 2013 to get the bonus. He pulled it off regardless of who it might hurt.
As you look at the data below keep in mind VMEM's top-line is skewed because they sell hardware.
FB historical revenues:
- 2008 = $272M
- 2009 = $777M
- 2010 = $1.97B
- 2011 = $3.71B
- 2012 = $5.09B
VMEM historical revenues:
- 2012 = $53M
- 2013 = $73M
VMEM is not even in the same ballpark with FB.