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STEC to Get Competitive Edge With Its Product Rollout Schedule
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Posted on 11/18/09 at 2:48pm by Monica Gerson
Analysts at Needham reiterate their "strong buy" rating for STEC Inc (NASDAQ: STEC). The target price is set to $30.
STEC announced that it will be launching key products such as 3rd Gen Zeus IOPS with MLC, Mach 16 SATA and FC, SAS and a PCIe solution by 3Q10. According to Needham, STEC will get a competitive edge with this product rollout schedule.
Needham continues to believe that STEC will become a leading company in the fast growing enterprise storage SSD world going forward.
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