Replies to post #7220 on Keeping It Simple

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VMEM Intraday

6.10

11/3/13

1 All start
+1 A Build

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VMEM intraday

1-29-14

http://www.streetinsider.com/Trading+Halts/UPDATE%3A+Violin+Memory+%28VMEM%29+May+Have+Interest+from+Five+Suitors+-+Clinton+Group/9100804.html

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Violin Memory Changes Its Tune


BY Paula Schaap | 02/10/14 - 06:24 PM EST


NEW YORK (The Deal) -- Investment bankers figuring out how much to price an initial public offering at usually try to do right by their client, both on the upside and on the potential downside.

It's a question of striking the right balance. Either the range tends toward underpricing, so that the company ends up with less than it should by rights expect; or overpricing, leaving the underwriter with unsold shares and, possibly a damaged image for its client in the market debut, as was famously Morgan Stanley's dilemma in taking Facebook (FB_) public.

But if the company and its bankers know offers are already on the table, that might have unintended effects on the newly public company.

Such may have been the case with computer flash storage drive maker Violin Memory (VMEM_) which had suitors knocking at the door prior to its September IPO -- and still does, according to someone familiar with the situation. Buyout interest around Violin has increased even more so now that the company has jettisoned its founder and CEO and brought in an executive with all the earmarks of someone well-versed at selling tech companies.

The companies that had been talking to Santa Clara, Calif.-based Violin Memory include some of the biggest in enterprise technology service providers: Hewlett-Packard (HP_), Seagate Technology (STX_), IBM (IBM_), Samsung Electronics Co. and EMC (EMC_), an industry source said. At least one had gone so far as to provide Violin Memory with a term sheet, albeit one that was contingent on due diligence and hedged with conditions, the person said.

Violin Memory did not respond to a request for comment. Hewlett-Packard and Seagate said it was company policy not to comment on rumor or speculation. Samsung could not be reached for comment, while IBM and EMC did not respond to requests for comment.

In fact, Hewlett-Packard already had an agreement in place to resell Violin Memory products, but the company ended the arrangement in the fall of 2012, ostensibly in favor of the 3Par products it acquired in 2010 as part of a $2.3 billion deal.

Despite the buyout interest, Violin went public in September. Barely three months later, founder and CEO Donald Basile was let go by his board.

The IPO was rocky. After pricing at $9 per share on Sept. 26 to raise $162 million before expenses, the stock opened at $7.50 and closed at $7.02 on its first day of trading.

Making matter worse was Violin Memory's first earnings report as a public company: a net loss of $34 million for the third quarter of 2013 on revenue that was up 37%, to $28.3 million, year-over-year as compared to a $25 million net loss for the same period a year earlier. (The company has yet to turn a profit.)

[eastunder]

VMEM Intraday

4.34

2-28-14

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VMEM intraday

3-5-14
4.67
3,3,3,3
+2,2,2,2
20





GAP down Nov-22-2013 5.83 to 3.45

[eastunder]

VMEM Intraday

3.80 4/24



Intraday

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VMEM

Potential breakout

3.86

(3.66 1st level/4.08 second)

Wee's taking order

+ all

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Shifters

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VMEM:






___________________________________________________________

http://www.thestreet.com/story/12867767/5/5-breakout-stocks-under-10-set-to-soar.html

BY Roberto Pedone 09/04/14

Another under-$10 data storage devices player that's starting to move within range of triggering a near-term breakout trade is Violin Memory (VMEM_) , which develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide. This stock has been in play with the bulls over the last three months, with shares up sharply by 26%.



If you look at the chart for Violin Memory, you'll see that this stock recently formed a major bottoming chart pattern, since VMEM found buying interest in August each time it pulled back to around $3.60 to $3.70 a share. Following that bottom, shares of VMEM have started to spike sharply higher back above both its 200-day moving average of $3.90 to its 50-day moving average of $4.01 a share. That move is now quickly pushing shares of VMEM within range of triggering near-term breakout trade above some key overhead resistance levels.



Market players should now look for long-biased trades in VMEM if it manages to break out above some near-term overhead resistance at $4.68 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 871,791 shares. If that breakout hits soon, then VMEM will set up to re-test or possibly take out its next major overhead resistance levels at $5.48 to $6.21 a share.

Traders can look to buy VMEM off weakness to anticipate that breakout and simply use a stop that sits right around its 200-day moving average of $3.90 a share. One can also buy VMEM off strength once it starts to bust above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

[eastunder]

VMEM

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Violin Memory Gains Big In Extended Session On Q3 Beat

Benzinga
By John Seward

Violin Memory Inc (NYSE: VMEM) beat results Monday with a narrower than expected third-quarter loss on sequential revenue growth of 17 percent.


The company gained 6.6 percent in Monday's extended session, changing hands at $5.64.

Chief Executive Kevin A. DeNuccio said the company is “growing at a 40 to 50 percent annualized rate while beginning to build a backlog that should further improve our performance going forward.”

The company expected to provide a fourth-quarter outlook in a conference call with analysts who expect a loss of $0.19 per share on revenue of $22.4 million.

Violin's third-quarter adjusted loss widened to $0.19 per share, which beat estimates by a penny.

Third-quarter revenue fell to $21.7 million from $28.3 million a year earlier. Revenue in the recent second quarter totaled $18.6 million.

Wall Street expected revenue of $20.2 million

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VMEM

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VMEM

4.29

2,2,1,1,0,2,2,2/12
+1 in 5 and 1 in 2 new pos

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VMEM

2/17/15

4.20





Cp 2,2,2,2,0,2,2,2/14
+1,1,1,1,0,1,1,1/21

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VMEM 5-27-15 3.40

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Update:

VMEM 8-27 A

TransMontaigne Partners (NYSE: TLP) reported Q2 EPS of $0.64, $0.06 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $37.03 million versus the consensus estimate of $41.55 million.

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VMEM

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VMEM 1.70 +.18 (+ 11.8%)on 1,155,090 Above Avg Vol (774,441)

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Violin Memory to Submit Plan to Restore Compliance With NYSE Continued Listing Requirement


Marketwired
Violin Memory, Inc.
May 2, 2016 5:00 PM

SANTA CLARA, CA--(Marketwired - May 02, 2016) - Violin Memory®, Inc., (VMEM) announced today that it received notification on April 27, 2016 from the New York Stock Exchange ("NYSE") that Violin Memory's average global market capitalization over a thirty-day trading period and stockholders' equity were below the requirement set forth in the NYSE's continued listing standards.

Violin Memory intends to notify the NYSE within 45 days from receipt of the notification that Violin Memory will submit a plan to the Listings Operations Committee of the NYSE (the "Committee") that describes how the company intends, within 18 months, to regain compliance with the continued listing requirements of the exchange.

During the 45-day period, and during the eighteen-month period, if the plan is accepted by the Committee, Violin Memory will be subject to quarterly monitoring for compliance with the plan and Violin's common stock will continue to be listed and traded on the NYSE, subject to compliance with the other listing standards. If the Committee determines not to accept Violin Memory's plan, it promptly will initiate procedures to suspend trading in and delist Violin Memory's common stock. In terms of credit and debt obligations, the NYSE notification does not conflict with or violate any of Violin Memory's credit or debt obligations.

"Our market capitalization is at a level that we do not believe reflects the true value of our business and developed technology," said Kevin DeNuccio, president and CEO of Violin Memory. "Violin Memory remains committed to its strategic shift and product line transition that expands the company's offering to primary storage while maintaining its performance advantage. As a market leader in flash-based storage for enterprises, Violin's Flash Storage Platform offering is uniquely positioned to meet the demands of the world's largest enterprises and support companies' most critical applications. We expect this customer traction to accelerate our progress and success," said DeNuccio.

Violin Memory, the industry pioneer in All Flash Arrays, is the agile innovator, transforming the speed of business with enterprise-grade data services software on its leadership Flash Storage Platforms™. Violin Concerto™ OS 7 delivers complete data protection and data reduction services and consistent high performance in a storage operating system fully integrated with Violin's patented Flash Fabric Architecture™ for cloud, enterprise and virtualized business and mission-critical storage applications. Violin Flash Storage Platforms are designed for primary storage applications at costs below traditional hard disk arrays and to accelerate breakthrough CAPEX and OPEX savings while helping customers build the next generation data center. Violin Flash Storage Platforms and All Flash Arrays enhance business agility while revolutionizing data center economics. Founded in 2005, Violin Memory is headquartered in Santa Clara, Calif.

[eastunder]

VMEM on a little short covering?



Because as a company it doesn't have a thing to offer.

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VMEM

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Experienced Business Leader and Committed Investor Bruce H. Grant Joins Violin Memory Board of Directors



Jun 30, 2016




With Over 10 Percent Ownership Stake in Company, Grant Is Committed to Company's Long-Term Success

SANTA CLARA, CA -- (Marketwired) -- 06/30/16 -- Violin Memory®, Inc., (NYSE: VMEM), a global pioneer of award-winning all-flash storage platform solutions for primary storage and active workloads, today announced that Bruce H. Grant has been elected to its Board of Directors. Mr. Grant is a seasoned business leader and has shown his commitment to Violin Memory through his approximately 14.5 percent stake in the company. Mr. Grant was elected to the board at Violin Memory's Annual Meeting of Stockholders, which was held on June 30, 2016, and assumes the seat previously held by Cheemin Bo-Linn. In addition to Mr. Grant, Kevin A. DeNuccio, Violin Memory's CEO, and Georges A. Antoun, Chief Commercial Officer for First Solar, Inc., were re-elected to the Board.

"I'm confident that with my support for the management team's efforts and the integration of other investor perspectives, Violin will re-accelerate toward positive growth in an exceedingly attractive segment of the storage industry," said Grant. "I look forward to the future success of Violin Memory in-conjunction with Violin's customers and the entire board."

Mr. Grant is currently chairman of Applied Value LLC, a management consulting firm that specializes in cost and capital efficiency, with offices in Boston, New York, Shanghai, and Stockholm. Since December 2014, he has also been the chairman of Garden Growth Capital LLC and Garden Growth Industries AB -- which are investment firms that acquire ownership positions in public and private companies. Since June 2005, Mr. Grant has been the chairman of Applied Venture Capital LLC, which invests in early stages of private companies.

In addition, Mr. Grant holds director positions on several boards at various public and private companies in Sweden. He also serves as a director of Friends of Hand in Hand International -- a member of the Hand in Hand Network -- a global group of non-governmental organizations working to fight poverty in 10 countries.

"Not only does he offer his extensive experience as both a 30-year top management consultant and an accomplished business leader, he also has an impressive and proven track record for enhancing cost and capital efficiency," DeNuccio said. "The combination of these attributes, along with the fresh investor perspective he'll bring to the table -- given his substantial investment in the company -- will undoubtedly bring a positive influence to the board, to the company and to our valued shareholders."

Mr. Grant currently beneficially owns approximately 15.0 million shares of the common stock of Violin Memory, representing approximately 15 percent of the issued outstanding shares of the Company. All of these shares were acquired through open market purchases made prior to his election to the Violin Memory Board of Directors.

"I also want to thank former board member Cheemin Bo-Linn for her experience, advice and guidance during her term on the Board," DeNuccio added.

Violin also announced that stockholders, at Violin's annual meeting of stockholders on June 30, 2016, approved a one-for-four reverse stock split and a reduction in the number of Violin's authorized shares from 1,000,000,000 to 250,000,000. The reverse stock split will be effective on July 5, 2016, and the first day of trading post-split will be July 6, 2016

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VMEM 0.85 Jul-05-2016 pre reverse split


VMEN 3.50 Jul-06-2016 open post 1:4 RS


cpps 3.10 at time of post


1:4 reverse split pps on .85 = $3.40

[eastunder]

VMEM Pinch

$0.36 +0.0399 (+12.35%) on 1,670,021 Above Avg Volume

Average Volume (10 Day)
301,519

June 2016
https://www.sec.gov/Archives/edgar/data/1407190/000157104916016160/t1601608_sc13ga.htm

Jan 2016
https://www.sec.gov/Archives/edgar/data/1407190/000157104916014224/t1601112_sch13ga.htm