Confusion Spikes Shares of STEC

Shares of solid-state drive company STEC, Inc STEC have been very volatile during Wednesday's trading session after a similar-named company filed a patent infringement claim against Apple AAPL. The company who did file this lawsuit against Apple is named STEC IP, LLC, which has a eerily similar name to the publicly-traded company STEC, Inc. Below is a snip-it of the first quarter of what people see upon first glimpse:

No wonder why many different new sources and traders thought it was the same company. Benzinga reached out to the publicly-traded STEC, Inc, and a spokesperson with the company stated that their company STEC, Inc has no affiliation with the company suing Apple, STEC IP, LLC. Shares of STEC spiked over 2% higher just after 10:30 a.m. ET as the document started circulating among different financial wires and trading desks. Currently, the company is trading down about 1.66% on the session at $7.11 per share.