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STEC Inc. (STEC) [hlAlert]

down 52.95 %

STEC Inc. (STEC) rated Buy with price target $23 by Broadpoint AmTech Research

Posted on: Tuesday,  Dec 22, 2009  9:25 AM ET by Broadpoint AmTech Research

Broadpoint AmTech Research rated Buy STEC Inc. (NASDAQ: STEC) on 12/22/2009, when the stock price was $14.54. Since
then, STEC Inc. has lost 52.96% as of 09/12/2014's recent price of $6.84.
If you would have followed this Broadpoint AmTech Research's recommendation on STEC, you would have lost 52.95% of your investment in 1725 days.

STEC, Inc. (STEC) designs, develops, manufactures and markets custom memory solutions based on flash memory and dynamic random access memory (DRAM) technologies. The Company specializes in developing flash drives and memory cards used in sensitive and highly volatile environments and high-density DRAM modules. STEC offers a product line used by original equipment manufacturers (OEMs). Prior to the divestiture of its Consumer Division, the Company also designed, developed, manufactured and marketed open-standard memory solutions based on flash memory, DRAM technologies and external storage solutions used in consumer electronics applications. STEC offers both monolithic DRAM modules and DRAM modules based on its stacking technology. During the year ended December 31, 2008, the Company sold to more than 329 customers, consisting of direct sales and sales through OEM distributors and contract manufacturers that incorporate its products into systems they assemble for STEC?s customers.

Broadpoint AmTech, Inc. is an equity research firm specializing in research on large and small cap companies. It provides equity research, sales, and trading services. The firm provides fundamental research on information technology and defense companies. It focuses on the aerospace and defense; analog semiconductors; broadband and media services; clean technology: biofuels; clean technology: coal; clean technology: energy generation and infrastructure; clean technology: solar; clean technology: wind; data networking and storage components; engineering and construction; financial technology; Internet; information technology hardware; LED industry; software; wireless communications; and wireless IC sectors. The firm caters to institutional investors. It was formerly known as American Technology Research. Broadpoint AmTech, Inc. is based in Greenwich, Connecticut, with additional offices in San Francisco, California and Denver, Colorado. The firm is a division of Broadpoint Securities Group, Inc.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/22/2009 9:25 AM Buy
14.54 23.00
as of 12/31/2009
1 Week up  29.68 %
1 Month up  40.02 %
3 Months   
1 YTD up  40.02 %

(*) Stock Price at the time of the recommendation.
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