STEC Getting Slammed (STEC)

Posted in pre-market 
November 4th, 2009

STEC, Inc. (NASDAQ: STEC) is getting whacked in early trading.  Last night it warned about earnings and gave an EMC inventory warning as EMC is carrying inventory rather than poutting in new orders.  Shares fell 33% last night initially and was very active in after-hours trading.  STEC has traded 326,000 shares as of 8:11 AM EST and the last trade was down 30% at $16.20 after a $23.15 close.  The 52-week trading range was $3.42 to $42.50.  We have seen two downgrades already in this stock today. -JON OGG

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