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Why STEC Had a Good DayEric Savitz • Thu, May 15, 2008
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STEC's CEO Discusses Q3 2012 Results - Earnings Call TranscriptTue, Nov 6, 2012 • 1 Comment
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STEC's CEO Discusses Q2 2012 Results - Earnings Call TranscriptTue, Aug 7, 2012 • 1 Comment
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STEC, Inc. Q2 2009 Earnings Call TranscriptMon, Aug 3, 2009
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STEC, Inc. Q4 2008 Earnings Call TranscriptThu, Mar 12, 2009
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STEC, Inc. Q3 2008 Earnings Call TranscriptMon, Nov 24, 2008
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STEC, Inc. Q2 2008 Earnings Call TranscriptMon, Aug 4, 2008
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STEC, Inc. Q1 2008 Earnings Call TranscriptMon, May 5, 2008
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STEC, Inc. Q4 2007 Earnings Call TranscriptWed, Mar 5, 2008
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STEC, Inc. Q3 2007 Earnings Call TranscriptTue, Nov 13, 2007
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at MarketWatch.com (Mar 15, 2013)
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STEC vs. ETF Alternatives
Company Description
STEC, Inc. (including our subsidiaries, referred to collectively in this Report as “STEC”, “we”, “our” and “us”) is a leading global provider of enterprise-class Flash solid-state drives (“SSDs”) that are designed to increase the performance of enterprise-storage systems and servers that... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, December 6, 2012, 2:23 PM STEC (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. Comment! [Tech, M&A]
- Thursday, August 16, 2012, 9:32 AM IBM is acquiring Texas Memory Systems (TMS), a maker of high-end flash memory hardware, for an undisclosed sum. TMS offers standalone systems that compete with Violin Memory and EMC-acquired XtremIO, and PCI-Express modules for servers that compete with solutions from Fusion-io (FIO), STEC, and OCZ Technology (OCZ +2.9%). The deal is an attempt by IBM to invigorate a storage business that has been seeing declining sales. 1 Comment [Tech, On the Move, M&A]
- Tuesday, July 31, 2012, 9:37 AM OCZ Technology (OCZ -11%) dives after Seagate's (STX -3.2%) FQ4 report comes and goes without the hard drive giant announcing it's acquiring the company, as multiple rumors (I, II) claim it will. Following the report, Seagate's CFO said his company is looking to buy a solid-state drive vendor, but one that has a significant share of the high-margin enterprise market. Though OCZ has an enterprise presence, rival STEC (STEC -1.2%) is a bigger player here. 3 Comments [Tech, On the Move, M&A]
- Friday, July 27, 2012, 6:23 PM OCZ Technology (OCZ +30.2%) +15.7% AH to $8.19, adding to the big gains it saw today on reports (I, II) Seagate (STX) is planning to buy the company at a price near $15/share. The question speculators are fighting over: is Seagate actually desperate enough to improve its solid-state drive (SSD) position (necessary given the long-term threat posed by SSDs) that it would pay a ~50% premium relative to OCZ's all-time high, in spite of many alternatives? STEC gained 6.9% on the day. 7 Comments [Tech, On the Move, M&A]
- Friday, July 27, 2012, 9:42 AM OCZ Technology (OCZ +25.2%) takes off on new rumors Seagate (STX -0.5%) is looking to buy the company (previous) to shore up its solid-state drive position. This time around, it's reported Seagate is offering to pay ~$1B - $475M-$550M in cash and $450M-$525M in stock - or more than twice what OCZ is worth even after today's move. Some clearly doubt Seagate would pay that much. Rival STEC is up 3.1% in sympathy. 2 Comments [Tech, On the Move, M&A]
- Thursday, July 19, 2012, 10:08 AM OCZ Technology (OCZ +14.9%) soars on a report Seagate (STX -1.2%) is considering an acquisition of the company. Other companies are also said to be interested. Buying OCZ would strengthen Seagate's position in the solid-state drive (SSD) market, as SSDs steadily take share from hard drives. OCZ rival Fusion-io (FIO +5.5%), the subject of plenty of M&A rumors of its own, is also rallying, as is STEC (STEC +2.9%). OCZ is heavily shorted. (DensBits) Comment! [Tech, On the Move, M&A]
- Tuesday, June 12, 2012, 2:14 PM SanDisk (SNDK +3.3%) pops on rumors it has hired Goldman Sachs to facilitate a sale. SanDisk sports a low valuation (1.7x estimated 2012 sales), but also carries a market cap of $8.7B, and operates in a capex-intensive business that's occasionally subject to massive price declines. OCZ Technology (OCZ +7.4%) and STEC (STEC +3.1%), which compete with SanDisk's solid-state drive business, are also rallying. Comment! [Tech, On the Move, M&A]
- Friday, March 23, 2012, 2:48 PM Enterprise flash memory hardware vendors Fusion-io (FIO +3.7%) and STEC (STEC +3.2%) are rallying, possibly thanks to a Goldman report mentioning them as takeover candidates. Each company has already seen its share of M&A speculation (I, II). Comment! [Tech, On the Move, M&A, Quick Ideas]
- Friday, July 29, 2011, 10:51 AM With shares down 39.5% following weak Q2 results and disappointing guidance, and the company also facing an SEC investigation and ongoing customer concentration issues, Gleacher & Co. asks if it's time to take STEC private. Another option could be for STEC to be sold to STX or WDC, who could use the firm to bolster their solid-state drive businesses. 1 Comment [Tech, On the Move, M&A, Quick Ideas]
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Austin Craig
$OCZ, $FIO, $STEC, $MU A new article is out on OCZ and why they will fail or be bought out. http://alturl.com/mh7hx - View all 0 replies
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Valuable Insights
Bought some more $FIO puts. Rapidly commoditizing business with market cap over $1 billion, insider selling...next $STEC or $OCZ ? - View all 1 replies
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mman: Beware, there were news that Apple is almost completed it's Nevada DataCenter.
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Austin Craig
$OCZ, $FIO, $STEC, $MU -- A new article casts a semi positive but realistic view on OCZ http://seekingalpha.com/a/q8xj - View all 3 replies
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Austin Craig: I like MU as well and I think they will be one of the power players in the SDD market. I've not glanced at the financials in a bit -
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Austin Craig
$OCZ, $STEC, $FIO New article out about OCZ. The stakes are high now.. time to sell the company or go under. http://seekingalpha.com/a/p89j - View all 0 replies
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Ashraf Eassa
$STEC article published on Pro today, should be available for non-subscribers tomorrow! - View all 0 replies
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- View all 2 replies
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SKS1586: What is your buy price on STEC, if you do not mind answering? -
LATEST REPLIES
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Valuable Insights
Bought some more $FIO puts. Rapidly commoditizing business with market cap over $1 billion, insider selling...next $STEC or $OCZ ? - View all 1 replies
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mman: Beware, there were news that Apple is almost completed it's Nevada DataCenter.
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Austin Craig
$OCZ, $FIO, $STEC, $MU -- A new article casts a semi positive but realistic view on OCZ http://seekingalpha.com/a/q8xj - View all 3 replies
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Austin Craig: I like MU as well and I think they will be one of the power players in the SDD market. I've not glanced at the financials in a bit -
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- View all 2 replies
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SKS1586: What is your buy price on STEC, if you do not mind answering? -
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Ashraf Eassa
$STEC is no better than $OCZ - only held up by cash position that will dwindle due to massive losses... - View all 1 replies
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John Rayhall
Wow STEC hammered again I wonder how many qtrs in a row they have missed? Glad I wasn't tempted to buy. - View all 6 replies
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John Rayhall: No problem Lew. It's a dicey stock anyway you look at it. They once had the best product now they're average at best. -
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Michael Bryant
Flash drive maker STEC reports after the bell on Tuesday, 11/8. Estimates too low. $0.10/share vs. $0.31 a year ago. - View all 10 replies
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Michael Bryant: Thought AAPL was going to flash drives, not disk drives. Disk drives are a thing of the past. -
golfitobob: They have a larger product line an they have stuff they all use now for mobile !



