Violin Memory announces job cuts, exploring options for flash module ops

|About: Violin Memory, Inc. (VMEM)|By:, SA News Editor

Violin Memory (VMEM), under new management, coming off a rough 2013, and reportedly talking with suitors, says it has implemented job cuts that have lowered its headcount to 380 employees from an Oct. 31 level of 483.

The company also says it's exploring options for its PCIe server flash memory module ops (the product of the Velocity acquisition) to focus on "markets where Violin has proven technology leadership and significant growth opportunities." Violin expects to finish its review by the end of FQ1 (ends in April), and achieve annual opex savings of $10M/year as a result.

Violin's final decision for its PCIe business stands to have implications for Fusion-io (FIO), the most prominent independent player in this space.

Violin's FQ4 report is due on March 6.

VMEM +2.3% AH