Solid-state drive company STEC this afternoon posted mixed financial results for the fourth quarter.
The magnificent Cirrus SR22 ran like a top, and even the STEC autopilot had recovered its talents.
The 451 Group's Greg Quick says he's heard rumors that Seagate may acquire STEC in a nine-figure deal.
STEC's systems help compensate for the weaknesses of flash memory chips, namely the lack of speed and reliability.
In January, STEC announced a deal with longtime Seagate rival EMC to collaborate on a high-end networked storage system.
In January, EMC released its Symmetrix system, which incorporates a combination of spinning disks and solid-state drives built by STEC.
Others that are riding this wave include STEC, OCZ, Fusion-io, and to a smaller degree Seagate, Intel and Micron.
One Machiavellian interpretation: Seagate may not be in it for the money, or even to force STEC to halt operations.
Larry McMillan's readers doubled their money on STEC call options last month.
The middle layer consists of two STEC ZeusRAM drives and two STEC MLC drives and is used for metadata and intermediate data storage.
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Showing the increased use of SSDs in modern data centers STEC released the results of a survey of SSDs in the data center.
"He was in a box full of kittens in the front of the store, and (the owners) were giving them away, " Stec said.
In addition, flash memory companies such as Fusion-io, HGST, Intel, LSI, Micron, OCZ, Samsung, SanDisk, Seagate and STEC had exhibits in the main exhibit hall.
Shares of solid-state drive maker STEC are down sharply in late trading Tuesday after the company provided disappointing guidance for the fourth quarter.
Lately, companies such as STEC have been improving solid-state memory so that it better suits larger scale equipment such as PCs and servers--Seagate's sweet spot.
On the other hand, the analyst says he would steer clear of Hewlett-Packard, Lexmark, Xerox, Brocade, Emulex, QLogic, and STEC.
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In January, STEC announced a deal with longtime Seagate rival EMC (nyse: EMC - news - people ) to collaborate on a high-end networked storage system.
The SEC notes that STEC shares rallied more than 800% from January to August 2009 as the company posted higher revenues, sales and margins for its products, in particular its ZeusIOPS solid-state drive.
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Multiple original equipment manufacturers are now reviewing and committing to the use of the faster, power-efficient flash drives, and he believes STEC's leadership position in developing those drives bodes well for their prospects.
The top 10 also includes American Superconductor (47.5%), which provides power grid technologies, solid-state drive maker STEC (34.4%), and MIPS Technologies (32.5%), which has a 3-year EPS growth rate of 71%.
" In addition, the company statement noted, "STEC believes that Seagate's action is a desperate move to disrupt how aggressively customers are embracing STEC's Zeus-IOPS technology and changing the balance of power in enterprise storage.
Among the largest underlying components of PIE, in trading today STEC Inc ( NASD: STEC) is up about 2.6%, Copa Holdings S.A. ( NYSE: CPA) is trading flat, and SM Energy Co. ( NYSE: SM) is higher by about 1%.
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