VOLUME ALERT: Stec Inc. (STEC)

Posted in General 
July 16th, 2009

Stec Inc. (Nasdaq: STEC) shares are up about 12 percent to $13.95 on more than double the stock’s average volume by about 11:30 a.m. Eastern. the flash memory storage company signed a $120 million deal with one of its largest customers to supply solid-state drives in the second half of 2009. The company did not announce the customer name. Stec counts IBM and Hitachi among its largest customers.  – Mike Tarasla

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