Fusion-io founders quit, shares slump

(Reuters) - Memory drive maker Fusion-io Inc said founders David Flynn, the chief executive, and Rick White, chief marketing officer, have resigned, sending the company's shares down 27 percent to their lowest ever. Director Shane Robison will succeed Flynn effective immediately, the company said in a statement. Fusion-io said its founders quit to pursue "entrepreneurial investing activities," but did not specify what these were. The company said that the departures were not related to any issues regarding its financial statements or accounting policies and practices. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/fusion-io-founders-quit-shares-slump-154230010.html