Can Violin Step back From the Brink?
It wasn’t that long ago that Violin Memory pioneered the high-performance flash market. They created the market for speed but were lacking a rich data services offering. It wasn’t long before many other all-flash storage arrays came to market which may not have been as fast but were good enough with a rich feature set. The lack of data services and competition ultimately causes a lot of pain for Violin Memory. It was so bad that many people thought the company was doomed, but after our SFD8 presentation I’m not convinced. The meeting had started before the cameras were actually rolling, which I think was really unfortunate for Violin. We were doing two things: eating breakfast and talking financials with the CEO. As we listened to him talk one thing became apparent – Violin financials say they have a chance. CEO Kevin DeNuccio said they had a quarterly burn rate of $12mm with a break-even point beingRead More →