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Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (6290)	3/13/2009 12:21:58 AM
From: ACAN	Read Replies (1) \| Respond to of 7944

Thanks, I hope some climbed on, looks to be strong outlook. March 12, 2009, 5:28 pm STEC Soars On Stronger-Than-Expected Q1 Guidance Posted by Eric Savitz STEC (STEC) shares are sharply higher in late trading on stronger-than-expected Q1 revenue and profit guidance. For Q4, the memory products company posted revenue of $56.9 million, a bit ahead of the Street at $56.5 million, and up 7.4% from the year-earlier quarter. Non-GAAP profits of 7 cents a share were a penny light of expectations. However, the company said that it is seeing strong demand for its ZeusIOP line of solid-state drives. STEC said sales from the line totaled $53 million in 2008, exceeding its target of $50 million. And the company said it will top the 2008 level this year by the end of the first half. For Q1, STEC expects total revenue of $58 million to $60 million, with non-GAAP profits of 10-12 cents a share; the Street had been expecting $45.9 million and 5 cents. In late trading, STEC is up $1.08, or 17.2%, to $7.28.