Violin Memory should serve to refresh investors' own memories of the dangers of technology IPO froth. You know what that means -- among the few gems going public, you have many more dogs that are pushed out ahead of time, unprofitable, and then plunge and create bad vibes all around.
Violin's miserable post-IPO performance, in which it has lost 70% of its value since the IPO in late September, combined with executive defections and investor lawsuits, once again casts light on the dark side of the Silicon Valley/Wall St. tech-industrial, in which shady deals are foisted upon grandmas around the world.
This is an interesting development, given that Nimble Storage is going public this week. Now, sources all tell me that Nimble is a much better company with Violin -- and it ceratainly has a better software storage. Nimble has actually been raising its price range.