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STEC (STEC +1.4%) is up a bit after activist investor Balch Hill, which owns 9% of the...
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Thursday, December 6, 2012, 2:23 PM ETSTEC (STEC +1.4%) is up a bit after activist investor Balch Hill, which owns 9% of the struggling solid-state drive vendor, delivers a letter to STEC's board arguing the company should consider a sale. Balch Hill also calls on STEC, which is dealing with the fallout from insider trading charges against its founder and former CEO, to slash its R&D budget and focus on its core serial-attached SCSI (SAS) product line.
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