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Pure Flash Vendor Violin Fires Chief Executive Amid Losses, IPO Dud

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http://thevarguy.com – Pure flash supplier Violin Memory (VMEM) has axed chief executive Don Basile less than three months after its IPO fell flat amid high expectations for the heavily venture-backed company. Howard Bain III, chairman of Violin’s board, has been appointed interim chief executive effective immediately and will hold both titles and responsibilities while a search firm looks for a permanent replacement. read more (IT news)