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TMCNet:  Analysts' Corner Posts Research Report on NetApp, Fusion-io, Revolution Lighting, Violin Memory, and Methode Electronics [Professional Services Close - Up]

[December 26, 2013]

Analysts' Corner Posts Research Report on NetApp, Fusion-io, Revolution Lighting, Violin Memory, and Methode Electronics [Professional Services Close - Up]

(Professional Services Close - Up Via Acquire Media NewsEdge) Analysts' Corner announced new research reports highlighting NetApp, Inc., Fusion-io, Inc., Revolution Lighting Technologies, Inc., Violin Memory, Inc., and Methode Electronics, Inc.

In a release on December 20, the Company noted that on December 11, NetApp, Inc. announced that IDC has ranked the Company as having the number-one storage solution shipped in 2012 for public cloud infrastructure from the perspective of external system capacity. According to NetApp, the ranking was conducted as part of IDC's biannual Storage User Demand Study, which analyzes current and future deployments of enterprise storage systems for particular data uses. Phil Brotherton, Vice President, Cloud Solutions Group, NetApp, stated, "IDC recognizing our #1 position in public cloud providers highlights the strength of our products and services for and close partnerships with many of the world's most advanced users." On December 5, Fusion-io, Inc. announced the appointment of Ted Hull as its Executive Vice President and CFO. According to the Company, Ted Hull previously served as vice president of finance at Cisco since 2007. Commenting on the appointment, Shane Robison, Fusion-io Chairman and CEO, said, "As we refine Fusion-io's go-to- market strategy in order to position the company for the next stage of growth, we are intensely focused on delivering value to our customers, partners and shareholders." Robison continued, "Ted's financial leadership and expertise in a variety of technology companies, as well as his business operations background and industry knowledge, make him a tremendous asset to our leadership team as we move the company forward in this dynamic and growing market for flash memory-based application acceleration solutions." On December 16, Revolution Lighting Technologies, Inc. announced that its Seesmart brand has been selected by the US Navy's Military Sealift Command to supply Lewis and Clark class T-AKE dry cargo/ ammunition ships with 17,000 Seesmart two and four foot LED tube lamps. Robert V. LaPenta, Chairman and CEO of Revolution Lighting, commented, "We are honored to support the U.S. Navy on this project to implement our high-quality LED tube lamps and drive significant long term savings." LaPenta added, "This project is one more example in a growing list of large-scale installations across a variety of public and private organizations and institutions. We look forward to additional projects with the Navy, as well as other military branches and government entities." On December 16, Violin Memory, Inc. announced that Howard A. Bain III, Chairman of the Violin Memory Board of Directors, has been appointed as the interim CEO, effective immediately. The Company said that Bain's appointment follows the decision of the Board of Directors to terminate Donald Basile as its CEO. Violin Memory also said that its Board has initiated a search process and retained an executive search firm to identify a permanent CEO. Bain stated, "Violin Memory is focused on maintaining the operational flexibility to manage through the emerging dynamics of our industry, with financial resources on hand to achieve our objectives. While our fundamental strategy to drive growth remains unchanged, we will pursue additional tactical initiatives to improve the overall cost efficiency of the business and improve sales leverage through our partner and indirect channels. We have a robust product roadmap in place that positions us well to take advantage of the transition to a memory-based data center and build an even stronger future for all of our stakeholders." On December 12, Methode Electronics, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.07 per share. Methode Electronics informed that the dividend is payable on January 31, 2014, to common stockholders of record at the close of business on January 17, 2014.

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