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STEC is defunct.
  • Jun. 24, 2013, 12:45 PM
    Midday top 10 gainers: STEC +87%. VHS +69%. KEYN +47%. ISIS +20%. MBND +13%. MLNK +10%. NMRX +8%. TATT +8%. OESX +8%. REV +7%.
    Midday top 10 Losers: AUMN -20%. SZYM -18%. CMGE -17%. HYGS -17%. CBAK -16%. YY -15%. WLT -15%. APAGF -15%. NOAH -14%. JRCC -13%.
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  • Jun. 24, 2013, 9:10 AM
    Premarket gainers: STEC +89%. VHS +67%. ISIS +11%. OCZ +10%. THC +5%. SNTA +5%.
    Losers: SZYM -12%. CTIC -11%. KNDI -8%. ALU -6%
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  • Jun. 24, 2013, 8:37 AM
    Shares of STEC (STEC) resume trading up 86.6% premarket to $6.70 after the company gets snapped up by Western Digital.
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  • May 8, 2013, 6:12 PM
    Tech guidance roundup: 1) Millennial Media (MM - earnings) expects Q2 revenue of $58M-$60M, below a consensus of $60.8M. Expects 2013 revenue of $270M-$280M vs. a $275.3M consensus. 2) Spreadtrum (SPRD - earnings) expects Q2 revenue of $220M-$228M, above a $205M consensus. 3) sTec (STEC - earnings) expects Q2 revenue of $23M-$26M and EPS of -$0.41 to -$0.43 vs. a consensus of $25.2M and -$0.39. MM -2.7% AH. SPRD +2.7%. STEC unchanged. (Millennial PR) (Spreadtrum PR) (sTec PR)
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  • Mar. 15, 2013, 9:15 AM
    Premarket gainers: CNP +10%. SNE +8%. ZGNX +6%. OGE +6%. PANL +5%.
    Losers: GLDD -22%. ULTA -14%. STEC -13%. ARO -7%. VHC -6%. CG -6%. KKD -5%.
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  • Mar. 14, 2013, 4:34 PM
    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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  • Mar. 14, 2013, 4:23 PM
    STEC (STEC): Q4 EPS of -$0.35 misses by $0.03. Revenue of $35.1M misses by $2.64M. Shares -12.3% AH. (PR)
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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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  • 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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  • 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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  • 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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  • Sep. 17, 2012, 4:45 PM
    OCZ has resumed trading. Shares are down 8.5% to $4.08 in response to news of CEO Ryan Peterson's resignation, and within striking distance of their 52-week low of $3.90. STEC and other rivals could benefit from OCZ's management turmoil.
  • Sep. 5, 2012, 5:29 PM
    OCZ Technology (OCZ) has resumed trading following its FQ2 warning. Shares are down 17.7% AH to $4.41, putting them within striking distance of their 52-week low of $4.14. Rival STEC could also move in trading tomorrow.
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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