Fusion-io (FIO) reported what could only be described as an "unmitigated disaster" of a quarter. Well, that's actually not entirely fair since the actual quarter was about in-line, but the guidance was a nasty shock (couple of percentage points sequential growth against expectations of 32% growth) and both the CFO and its marketing chief conveniently decided to jump ship.
It's very clear that Fusion-io is falling apart, and while a tough competitive environment is clearly a part of the problem, it seems as though there are some real execution issues in play as well. While not as extreme, this looks to be a repeat of the sTec (STEC) playbook. The only questions left in my...
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