Violin Memory, which sacked its CEO on December 16th after sacking its CTO the previous week, sacked its COO, Dixon Doll, yesterday.
Violin, which does flash-based enterprise storage promoting the ‘all-silicon data centre”, is in a state of chaos, IPO’d last September at $9 a share. The shares are currently selling for $3.90.
There are seven shareholder lawsuits filed against the company for allegedly not revealing the full facts about the company’s situation ahead of the IPO.
In November Violin Memory reported a loss of $34 million on revenues of $28 million. The sacked CEO was on-track to receive 2013 total pay and stock compensation of $19 million.
Activist shareholder Clinton Group is said to be pushing the company to sell itself.
Violin has cash of $134 million and credit lines of $58 million.
Welcome to SUV System Ltd!
SUV System Ltd is ISO 90012008 Certified electronics distributor with 10 years of experiences.
We have built up long term business relationship with about many companies which are stockers and authorized agents. we have a steady and reliable supply to meet customer's demands to the greatest extent .Confidently, we are able to lower your cost and support your business with our years of professional service.
SUV System Ltd is Electronic Components Distributor Supplies,Find Quality Electronic Components Supplies Products IC(Integrated Circuits),Connectors,Capacitor,Resistors,Diodes,Transistors,LED at Suvsystem.com. Sourcing Other Energy, Environment, Excess Inventory Products from Manufacturers and Suppliers at Suvsystem.com
SUV System Ltd insists on the managing faith ofsincereness,speciality,foresight, win-win,so we build up stable-relationship customers located all over the world, including the States, Europe, Argentina, UAE, Malaysia, Australia,and India etc
we are focus on the following fields,and hope we can help you.
LITTELFUSE Diodes Digital Transistors Low Ohmic Resistors TDK IC NXP Transistors TI IC Infineon Technologies Transistors NXP Diodes Transistors Freescale INTERSIL IC chip Filter saws Renesas parts IC Xilinx IC Schottky Diodes BB IC ELPIDA IC Diodes PANASONIC About US IR transistor Chip Fuses VISHAY IC components Metal Can Packages Transistors Fleld Effect Transistors ALTERA IC YAGEO Resistors Fairchild Semiconductor Transistors NEC Transistors PANASONIC Resistors MOTOROLA IC Capacitor DIODES Transistors ROHM Resistors LED part Cypress IC Zener Diodes Switching Diodes TOSHIBA Transistors Multi-units Transistors