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STEC, Inc. (STEC)

- NASDAQ
STEC is defunct.
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  • Mar. 13, 2013, 2:25 PM
    STEC (STEC +6.7%) is staring at big gains. The struggling enterprise solid-state drive maker presented at a Piper conference earlier today, and delivers its Q4 report after tomorrow's close. 17.1% of the float was shorted as of Feb. 15.
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  • Mar. 1, 2013, 12:10 AM
    Notable earnings after Friday’s close: PDLI, STEC, VECO, VNR
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  • Feb. 28, 2013, 5:35 PM
    Notable earnings after Friday’s close: PDLI, STEC, VECO, VNR
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  • Feb. 26, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: AVGO, AWK, DGI, DWA, EIX, FSLR, GA, GPOR, GWRE, HRZN, JAZZ, MAKO, MIDD, NUVA, ORA, PCLN, QCOR, RENN, REXX, RRC, SPN, STEC, TIVO, VNO, VRSK, ZAGG
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  • Feb. 25, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: AVGO, AWK, DGI, DWA, EIX, FSLR, GA, GPOR, GWRE, HRZN, JAZZ, MAKO, MIDD, NUVA, ORA, PCLN, QCOR, RENN, REXX, RRC, SPN, STEC, TIVO, VNO, VRSK, ZAGG
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  • Jan. 29, 2013, 11:28 AM
    OCZ (OCZ -13.6%) and (to a lesser extent STEC (STEC -3.7%) sell off following soft guidance from EMC and Seagate. Seagate's $40M investment in and reseller deal with PCI-Express server flash card maker Virident might also be taking a toll. QLogic (QLGC -1.3%), Mellanox (MLNX -2%), Brocade (BRCD -1%), Micron (MU -1.7%), and SanDisk (SNDK -0.9%) are posting moderate declines.
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  • Jan. 25, 2013, 1:46 PM
    Solid-state drive makers STEC (STEC +6.3%) and OCZ (OCZ +6.7%) are posting big gains in the absence of major news. 21.1% of STEC's float, and 31.4% of OCZ's, was shorted, as of Dec. 31. The companies are facing growing competition from the likes of SanDisk, Micron, and Samsung, who can source NAND flash memory at cost. On the flip side, IHS is forecasting SSD shipments will more than double this year to 83M, fueled by growing ultrabook sales and enterprise adoption.
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  • Dec. 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.
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  • Dec. 3, 2012, 12:45 PM
    STEC (STEC) opened higher after announcing CEO Mark Moshayedi and his brother Manouch, the company's founder, had bought 275K shares in late November, but has since given up its gains. Manouch resigned as chairman and CEO in September after being charged with insider trading by the SEC.
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  • Nov. 7, 2012, 12:45 PM
    Midday top 10 gainers: CALI +89%. SRT +22%. VHC +21%. AMRS +20%. HDY +19%. PKT +16%. FCAL +14%. CNTF +12%. MKTG +10%. SGI +10%. Midday top 10 Losers: QLTY -34%. PLXS -28%. STEC -23%. JRCC -21%. PQ -18%. APRI -18%. FRM -17%. RBCN -17%. PHMD -17%. THQI -17%.
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  • Nov. 7, 2012, 9:58 AM
    Flash memory hardware firms continue to have a rough fall. STEC (STEC -21.9%) is nosediving due to the Q4 guidance provided with its Q3 beat - a forecast for revenue of $36M-$40M and EPS of -$0.31 to -$0.35 is short of a consensus of $44.1M and -$0.22. Lazard and Craig-Hallum have downgraded shares in response - the latter cites low visibility on OEM ramps (an ongoing problem), cash burn, and risks related to STEC's new strategy to sell directly to companies building their own hardware - Fusion-io (FIO -1.9%) does the same. (transcript) (PR)
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  • Nov. 6, 2012, 4:14 PM
    STEC (STEC): Q3 EPS of -$0.24 beats by $0.04. Revenue of $42.1M (-41.9% Y/Y) beats by $1.3M. Shares +3.7% AH. (PR)
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  • Nov. 6, 2012, 12:10 AM
    Notable earnings after Tuesday’s close: AMRS, ARNA, DPM, EXXI, EZPW, GPOR, GTE, NWSA, RAX, RBCN, REXX, SGY, STEC, TWO
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  • Nov. 5, 2012, 5:35 PM
    Notable earnings after Tuesday’s close: AMRS, ARNA, DPM, EXXI, EZPW, GPOR, GTE, NWSA, RAX, RBCN, REXX, SGY, STEC, TWO
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  • Oct. 26, 2012, 4:42 PM
    In a sign the Street is on edge over enterprise storage demand, Quantum (QTM -9%) and Fusion-io (FIO -4.5%) sold off again today following disappointing earnings reports (I, II). In Quantum's case, the company's decision to issue $60M in convertible notes (they sport a 4.5% yield and $1.65/share conversion price) also isn't going over well. Many peers posted modest declines, though depressed QLogic and Emulex bounced following their earnings reports. (EMC guidance)
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  • Oct. 10, 2012, 9:17 AM
    STEC (STEC) -5.2% in response to OCZ's (OCZ) warning, which includes a forecast the solid-state drive maker will report a "negative gross margins and a significant net loss" for FQ2 (August quarter) - the consensus was for a $0.15/share loss. OCZ, which originally planned to report earnings today, is hosting a CC at 10AM ET to discuss its CEO change and problems (webcast).
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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
Sector: Technology
Country: United States