Chris Mellor writing for The Register – Data Centre: Storage comments:
Tech firm which sells products – not customers – preps for float
Mighty mutant flash/disk array startup Nimble Storage has filed a preliminary form with the SEC announcing its intention to proceed with an IPO. The number of shares for sale and the price range haven’t been decided yet — it hasn’t even picked a date.
Storage IPOs are the hot new thing. I think Nimble will make out better than the rest. Because it’s a company that sells storage. Not a storage company learning how to sell things. One model makes money. The other looks for an exit strategy.