May 14, 2013 (Update) - On May 8, 2013, Fusion-IO, Inc. announced management changes. Fusion-IO, Inc. said its CEO and President resigned and was replaced effective immediately.

Shares of Fusion-IO, Inc. declined from $18.08 per share on May 7, 2013, to $13.21 per share on May 8, 2013.

On May 14, 2013, NYSE:FIO shares closed at $15.12 per share, which is significantly below its current 52 week High of $32.63 per share.

Jan. 30, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Fusion-IO, Inc. (NYSE:FIO) was announced over potential securities laws violations by certain officers and directors at Fusion-IO Inc. in connection with potentially false and misleading statements.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Fusion-IO, Inc.(NYSE:FIO) concerning whether a series of statements regarding Fusion-IOs business, its prospects and its operations were materially false and misleading at the time they were made.

Fusion-IO, Inc. reported that its Total Revenue rose from $0.65million for a 12months period ending on June 30, 2008 to $197.20million for a 12months period ending on June 30, 2011 and that is Net Loss of $32.46million for the 12months period ending on June 30, 2010 turned into a Net Income of $4.55million for the 12months period ending on June 30, 2011.

Shares of Fusion-IO, Inc. (NYSE:FIO) rose in November 2011 to over $40 per share, but fell on January 25, 2012 under $25 per share after Fusion-IO, Inc. reported on January 24, 2012 after the market closed, its reported its fiscal second quarter financial results. Despite that Fusion-IO, Inc. issued its Q3 2012 Revenue guidance and raised its Revenue FY 2012 guidance, it, among other things, also stated that [n]on-GAAP gross margin for the fiscal second quarter 2012 was 51.1% compared to 58.8% for the same quarter of 2011 and reported a net loss of $5.7 million for the quarter. Additionally during the conference call also held on January 24, 2012, the Company reported that its second quarter gross margin of 51.1% was down from 63.3% in the prior quarter and that for the third fiscal quarter of 2012 [n]on-GAAP gross margin is expected to be in the range of 50% .

NYSE:FIO continued to stay for the rest of the week above $24 per share and closed on Monday, January 30, 2012 as low as $24.08 per share.