Articles about Stec

Storage upstart: Our flashy gear is WAY faster than slow old DRAM

A storage memory appliance to process massive Big Data sets in real-time is being developed by startup Levyx, with help from Toshiba and the reviving OCZ business in the flash department. Levyx was founded in 2013 by Reza Sadri, CEO, previously sTec’s chief technical officer, and Tony Givargis, a computer science professor at …
Chris Mellor, 3 Jul 2015
Stock ticker board

sTec flash founder cleared of insider trading charges

The wheels of SEC justice in the US grind exceedingly slowly and sometimes uselessly. Manouche Moshayedi, the founder and CEO of sTec, has just been cleared of insider trading charges filed almost four years ago. Since then sTec’s business has tumbled and it was bought by Western Digital for $340m – which was characterised as …
Chris Mellor, 9 Jun 2014
Shane Robison

Flash angel Fusion-io flies too close to Facebook, Apple, plummets to Earth

Analysis Flash memory biz Fusion-io's latest results show ever-deepening losses, with management talking of OEM channel conflict to be sorted out. Can this once high-flying server flash supplier take off and fly again? When low-hanging fruit pickers come down to Earth they rarely fly so high again. Look at sTec, OCZ and Nexsan. Their …
Chris Mellor, 9 Aug 2013

SanDisk buys dose of the SMARTs for $307m

SSD supply consolidation is starting to speed up, with SanDisk buying SMART Storage Systems for $307m, representing a nice exit for investment fund Silver Lake, and following on from last week's acquisition of sTec by WD for $340m. Fresh from investing in flash-based cloud gateway startup Panzura, SanDisk is ramping up its …
Chris Mellor, 3 Jul 2013
Apple iMac 27-inch

HGST: Enough of those MUTANT HYBRIDS. We'll do an Apple, thanks

HGST has said "no" to hybrids, it would seem. While Seagate, Toshiba and WD are all pushing the idea of hybrid drives, SSHDs, with a flash cache added to the spinning disks, HGST prefers a different approach: separate flash and disk drives. HGST, the wholly owned but separately operating subsidiary of Western Digital, has a …
Chris Mellor, 26 Jun 2013

WD catches falling flash star, slurps up sTec

Western Digital has entered into a definitive merger agreement with sTec, formerly known as STEC, under which its subsidiary, HGST, will buy sTec for $340m in cash. This gives HGST a significant leg-up in the supply of enterprise SSDs and an entry into the server flash card market. El Reg's storage desk thinks this will be a …
Chris Mellor, 24 Jun 2013

Buy a new flashy sTec storage box, get a Blue Screen of ... Metro

Flash! Bang! Wallop! sTec is going into the flash-chip filer appliance business with a Windows Storage Server 2012 box - pretty much a first for any mainstream solid-state-drive (SSD) vendor - with its s3000 product. Typically, SSD vendors supply flash components to array manufacturers. This vertical upwards integration by …
Chris Mellor, 4 Jun 2013
Picture of Mike Shapiro, Bryan Cantrill and Adam Leventhal

Hm, disk drive maker, what's that smell lingering around you?

The disk drive vendors have been utterly screwed by mismanaging the disruptive force of solid state drives: that's the view of Mike Shapiro - lately a storage bigshot at Sun and Oracle. Mike Shapiro was a Sun Microsystems Distinguished Engineer, CTO, and VP of Storage for Sun and then Oracle. He is most recently a founder at a …
Chris Mellor, 14 May 2013
Mark Moshayedi Jan 2013 Interim STEC CEO

Fallen flash flogger sTec says direct sales will save its bacon

Flash disk maker sTec isn't looking healthy. Its revenues have declined by over a third from the last quarter and net losses exceed revenues for this quarter - as they have done for the last 18 months. Revenues from storage array manufacturers are falling away faster than the company's alternative revenue-generating efforts …
Chris Mellor, 9 May 2013
OPtimus Echo

SMART brings out 2.5-in, 2 terabyte block-o-Flash to rival sTec

SMART Storage has joined sTec in bringing out a 2TB capacity enterprise SSD using 19nm NAND. But SMART's goes faster, it says. It's an extension of its 2.5in Optimus SSD line, called the Optimus Echo. Unlike the Optimus Ultra and Ultra Plus SSDs which use Toshiba 24nm MLD (2-bit) NAND the Echo uses smaller cells built using …
Chris Mellor, 2 May 2013
The Register breaking news

Flash-pusher sTec coughs $36m to settle class action suit

Flash storage supplier sTec is paying more than its latest quarter's revenue to settle a class action lawsuit. The settlement fee is $35.8m. sTec earned $35.135m in revenue in its last quarter. The lawsuit concerned allegations that STEC, as it then called itself, had given an "inflated impression" of STEC’s revenue growth and …
Chris Mellor, 12 Apr 2013
The Register breaking news

STEC - sorry sTec - opens direct and channel sales with name change

What the Zeus is going on? STEC has changed to sTec and it's bragging about its new direct and channel sales program. What's happened is that STEC - sorry, sTec - is adding both direct sales and channel sales alongside its mainstream OEM sales organisation. sTec reckons its enterprise customers will buy direct through OEMs, …
Chris Mellor, 4 Apr 2013
Killer whale

The battle for control at the firm that brought SSD to the enterprise

Analysis It's a narrow line to have to tread and STEC chairman Kevin Daly has not kept to it in his response to the nasty letter from hedge fund Balch Hill calling for STEC CEO Mark Moshayedi's head and a new set of directors for mismanagement of STEC since the EMC OEM deal glory years. There is going to be a contested vote with a …
Chris Mellor, 26 Mar 2013

Bolshy Balch Hill blasts STEC bosses after talks break down

Activist investor Balch Hill has told STEC's shareholders that they should consider putting up a For Sale sign on the fallen flash leader's lawn and booting out the CEO and former CEO, the Moshayedi brothers. Balch Hill, which holds 9 per cent of shares, and its partner Potomac Capital have issued a letter to STEC shareholders …
Chris Mellor, 20 Mar 2013

STEC CEO on crappy Q4: 'Obviously, we’re kind of bottoming out'

STEC must be glad to say farewell to a year of poor results, which is what 2012 represented, but 2013's first quarter is going to slump further, according to the firm's projections at a recent earnings call. STEC's OEM business is not doing so well, and its replacement direct sales biz is off to a slow start. Negotiations with …
Chris Mellor, 18 Mar 2013

Stroppy investor tries to rip 'n' replace STEC's entire board

It's a proxy war: activist investor Balch Hill wants to bounce troubled SSD supplier STEC's board - which includes its CEO and its founder - and populate the boardroom with seven of its own nominees. STEC is the former leading enterprise SSD supplier which has fallen on hard times and is now partway through a strategic …
Chris Mellor, 13 Feb 2013

STEC this out: Flash biz bakes 2TB solid-state drives

Enterprise-grade flash maker STEC is bringing out two 2TB whoppers: an SAS SSD and a PCIe flash card. The 2TB s840 is a refresh of an existing enterprise-grade SAS SSD which uses 2-bit MLC flash and has 200GB, 400GB and 800GB capacities. The 2TB model will arrive in February. This s840 delivers up to 75,000 random read IOPS, …
Chris Mellor, 29 Jan 2013
Mercedes Gull-wing car

STEC's flash daddy on SSD rivals, NAND and having your OWN controller tech

Mark Moshayedi, CEO of flash pioneer STEC, doesn't think "flash is forever". While his firm is now battling it out in the enterprise solid state drive space, he has a different vision for the future. El Reg storage desk recently met with Moshayedi, where he expanded on the firm's current strategies and explained how it had saved …
Chris Mellor, 16 Jan 2013

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