Feeds

STEC spills prelim Q3 numbers

SSD outfit solid as a rock - for now

Providing a secure and efficient Helpdesk

EMC's favoured solid-state drive (SSD) supplier STEC has announced excellent preliminary results for its third 2008 quarter.

STEC said that it now "expects to report third-quarter 2008 revenue and diluted non-GAAP earnings per share to be at the high end of its previous guidance range of $61m to $63m and $0.10 to $0.11, respectively, initially announced on August 4, 2008."

Sales of STEC's ZeusIOPS SSDs into the Enterprise-Storage market - meaning EMC - went over $14m, up more than 17 per cent up from Q2 2008. The supplier has also gained another enterprise storage supplier design win - thought to be Hitachi Data Systems.

STEC's Mach8/IOPS SSD is achieving major design wins with various enterprise server OEM customers and the firm expects significant revenues from this in 2009. Considering that HP, Sun, and Lenovo supported Intel's SSD announcement, Acer, Dell, and IBM are all possible candidates.

The company's Q3 ended before the September financial mayhem started, a financial analyst said. He reckons STEC's 4th 2008 quarter will definitely reflect a general economic slowdown, but he could be wrong. As storage and server suppliers look for a competitive edge in a market facing recession, then STEC might be relatively immune to credit crunch catastrophe. ®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.