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More on STEC: Q1 guidance is for revenue of $21M-$23M and EPS of -$0.40 to -$0.42, below a...

More on STEC: Q1 guidance is for revenue of $21M-$23M and EPS of -$0.40 to -$0.42, below a consensus of $38.8M and -$0.32. CEO Mark Moshayedi suggests STEC's ongoing transition away from OEM sales (sales to EMC have plunged) is responsible for the near-term weakness. An unnamed non-OEM customer accounted for over 10% of 2H sales. Q4 gross margin was 32.8%, -470 bps Q/Q and -870 bps Y/Y. Opex rose 20% Y/Y even as revenue fell 40%. STEC -10.8% AH. CC underway (webcast). (PR)
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