Fusion-io (FIO): FQ3 EPS of -$0.03 beats by $0.04. Revenue of $87.7M (-7% Y/Y) beats by $7.2M....


Fusion-io (FIO): FQ3 EPS of -$0.03 beats by $0.04. Revenue of $87.7M (-7% Y/Y) beats by $7.2M. Expects FQ4 revenue of $110M, above $107.3M consensus. Company is acquiring hybrid flash memory/hard drive storage vendor NexGen Storage for $119M. Shares +0.7% AH. (PR)
Comments (1)
  • airtogo
    , contributor
    Comments (10) | Send Message
     
    If you follow the monthly insider trading of this company you would see that all the officers as well as all the directors have all become millionaires off of this stock through stock options granted to themselves. It seems that their main objective has been to line their pockets with millions of dollars over the welfare of the company.
    They have increased the number of outstanding shares each and every time (month after month) they sell their stock and repurchase the same number of stock on the same day for pennies on the dollar, only to do the same thing down the road again and again.
    Perhaps it's time to clean house and get some reliable officers
    as well as directors who will look out for it's stockholders rather than themselves. Greed is alive and thriving at this company at the expense of the stockholders. I see no reason to make millionaires
    of each and every officer as well as every director of this company.
    There is no excuse for this financial behavior. Lets face it, this company is not exactly blowing away the numbers each quarter,
    quite the contrary. I would love to have all the officers and directors explain why they feel they are entitled to these million dollar paydays.
    I consider myself a small investor who is thoroughly disgusted with this company. Greed, greed, greed; it's the American way !
    8 May 2013, 11:06 AM Reply Like
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