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Enter Symbol:
 
STEC Inc. (STEC) [hlAlert]

Rating:
Neutral STEC
down 75.55 %

STEC Inc. (STEC) downgraded to Neutral with price target $12.50 by JP Morgan

Posted on: Wednesday,  Feb 24, 2010  8:25 AM ET by JP Morgan

JP Morgan rated Neutral STEC Inc. (NASDAQ: STEC) on 02/24/2010. Previously JP Morgan rated Overweight STEC Inc. (NASDAQ: STEC) on 09/09/2009.,
when the stock price was $39.89. Since then, STEC Inc. has lost 75.56% as of 02/24/2010's recent price of $9.75.
If you would have followed the previous JP Morgan's recommendation on STEC, you would have lost 75.55% of your investment in 168 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2010 8:25 AM Hold
None
9.75 12.50
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -40.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/9/2009 8:25 AM Buy
None
39.89
9/9/2009 8:25 AM Buy
None
39.89

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