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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, but …
Chris Mellor, 04 Apr 2013
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 a …
Chris Mellor, 09 Jun 2014
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 are …
Chris Mellor, 09 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

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 sTec …
Chris Mellor, 04 Jun 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
Evan Powell

Flash pioneer STEC invests in ZFS zealot Nexenta

Sources close to the situation have revealed that solid state memory drive manufacturer STEC has invested in ZFS storage firm Nexenta, substantially too. We're told that it seems like a curious play for STEC since a typical ZFS deployment only uses a couple flash drives for the L2ARC and ZIL. One can only imagine that STEC has …
Chris Mellor, 15 Jan 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

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 direction …
Chris Mellor, 13 Feb 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 19nm …
Chris Mellor, 02 May 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, 11, …
Chris Mellor, 29 Jan 2013
Broken CD with wrench

CEO of fallen flash sweetheart STEC charged with insider trading

US financial watchdog SEC has charged STEC CEO Manouch Moshayedi with insider trading. The agency alleged the flash guru exploited confidential information to make some money in a secondary offering of STEC shares. The SEC alleged: Moshayedi learned critical nonpublic information that was likely to have a detrimental impact on …
Chris Mellor, 20 Jul 2012

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

Facebook techie strokes STEC's hot data flash drive

SSD supplier STEC has built software to bump hot data on disks into server flash caches to get I/O-bound apps running faster. It's called EnhancedIO SSD Cache Software and is available for Linux and Windows. A particular Linux version, based on Facebook's FlashCache module for its cloudy data centres, will be available under the …
Chris Mellor, 07 Jun 2012
The Register breaking news

SSD sweetheart STEC swings to Q1 loss

If ever you needed a salutory tale about the perils of sitting on your laurels, then STEC, once EMC's SSD darling and pioneering enterprise flash high flier, can provide it in spades. First movers have got to be fast and STEC was unconscionably slow. The company's Fibre Channel interface Zeus-IOPS solid state drives (SSDs) were …
Chris Mellor, 09 May 2012
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

Fallen flash star STEC sputters: We're cutting our OEM losses

STEC, the once high-flying Fibre Chanel SSD start-up star, is still losing millions, although not as many as before. Its third 2012 quarter numbers show revenues up sequentially. Revenues were $42.1m, 3.4 per cent higher than the second quarter but a whopping 41.9 per cent lower than the $72.5m recorded a year ago, as the chart …
Chris Mellor, 07 Nov 2012
graph up

STEC thrusts fat solid disk with godlike stamina

STEC has launched a super long-life SSD capable of having 33PB written to it over a five-year period. Flash cells wear out and so solid state drives (SSD) have a limited working life as the amount of writing activity mounts up. Multi-level cell (MLC) flash has a shorter working life than single-level cell (SLC) flash. This …
Chris Mellor, 01 Dec 2011
STEC Kronos PCIe flash drive

Fallen flash drive star STEC's revenues circle drain

One-time solid-state drive star STEC saw losses greater than its revenues in its second 2012 quarter. It's in a meat-grinder, facing class action lawsuits, an SEC insider trading case, and no uptick in demand as new products crawl oh-so-slowly through OEM qualification processes. Take a wrong turn or two in the flash business …
Chris Mellor, 08 Aug 2012
channel

Samsung and STEC flash their sizzling SSDs

The summer weather may be crap, but Samsung and STEC are sizzling: they have both announced new solid state drives at the Flash Memory Summit. Samsung's PM830 is a 6Gbit/s SATA interface SSD with 18GB, 256GB , and 512GB capacities. It uses toggle DDR mode and ships out sequential data reads at 500MB/sec and ships in sequential …
Chris Mellor, 11 Aug 2011
channel

Lumbering STEC struggles to turn corner

STEC shares sank like a stone after it predicted a depressed outlook in its quarterly report. It never really recovered from last year's EMC over-purchase fiasco, and has suffered from over-priced product and missing PCIe flash. The Wall Street Journal had STEC stock down 36 per cent in after-hours trading, touching $10.68. Ouch …
Chris Mellor, 29 Jul 2011

STEC's magic MLC sauce

STEC, IBM and EMC's favourite enterprise flash drive supplier, says it has cracked the multi-level cell (MLC) flash conundrum, making it a viable enterprise choice by dealing with its poor write endurance and reliability. STEC made its name with its single-level cell (SLC) flash technology, which, with one data bit per cell, …
Chris Mellor, 17 Aug 2010
cloud

STEC going SAS and PCIe

Enterprise flash drive supplier STEC is sampling a SAS version of its ZeusIOPS solid state drive with its major OEMs and developing a PCIe product. Currently the ZeusIOPS flash product ships with a 4Gbit/s Fibre Channel interface. This is sold by EMC, IBM, Compellent and others as an enterprise solid state drive (SSD). STEC has …
Chris Mellor, 06 May 2010
channel

STEC stamps its mark on PCIe flash

STEC has introduced Kronos and Kronos Turbo, their dynamic PCIe server flash duo. Actually STEC is launching triplets as there is a Kronos Bi-Turbo – two Turbos ganged together – and there is also flash caching software. STEC has been absent from the fast-growing PCIe flash card space, one pioneered by Fusion-io in which servers …
Chris Mellor, 05 Aug 2011
M.2-and M SATA form factors

Cold storage, Facebook style? Flash FPGA controller to knock your SoCs off, vows upstart

Startup NxGnData Stepping onto the flash controller stage from its stealth phase comes with an FPGA-based SoC promising hyperscale cold data storage using cheap, short-life TLC flash and in-situ processing. NxGnData NxGnData home page Its home page promises: In-Situ processing for computational data, EndExt with advanced …
Chris Mellor, 31 Jul 2014
globalisation

ZeusRAM is STEC's next SSD

STEC is developing a ZeusRAM non-volatile cache product and a PCIe-connected solid state drive (SSD). Zeus is STEC's product line for enterprise-class solid state drives (SSD) and the current ZeusIOPS SSD product is used by EMC, IBM, and many others. Spotted at EMC World, ZeusRAM comes with a standard 8GB of RAM capacity and …
Chris Mellor, 12 May 2010
fingers pointing at man

Hitachi GST ends STEC's monopoly

Hitachi GST flash drives are hitting the streets and, at last, ending STEC's monopoly in the supply of Fibre Channel interface SSDs. EMC startled the enterprise storage array world by embracing STEC SSDs (solid state drives) in its arrays last year as a way of dramatically lowering the latency for access to the most important …
Chris Mellor, 16 Nov 2010
chart

STEC wins Fujitsu for its SSDs

Fujitsu has chosen STEC as its solid state drive supplier, leaving NetApp the only enterprise storage array supplier not dealing with the SSD vendor. The company will deploy STEC's ZEUS-IOPS drives in its ETERNUS storage arrays, replacing Fibre Channel hard drives. STEC said it had worked with Fujitsu to tailor a product …
Chris Mellor, 18 May 2009
channel

STEC notches up LSI win

LSI is to use STEC ZeusIOPS enterprise flash drives in its products, following the example of EMC's Symmetrix and Clariion arrays and arrays from many other storage vendors. Vic Mahadevan, the LSI Engenio product marketing and management VP, stated the obvious: "We selected STEC as our SSD provider based on their experience, …
Chris Mellor, 28 Sep 2009
graph up

Legal vultures circle STEC after overstock admission

At least four law firms are flying class action kites alleging STEC misled investors by a late announcement of EMC's overstocking of SSD inventory. They are looking for disgruntled investors to join in and give STEC a good kicking. STEC is the solid state disk supplier (SSD) that dominates the enterprise flash disk market and …
Chris Mellor, 09 Nov 2009
cloud

Is EMC looking away from STEC?

Since STEC revealed that EMC had over-ordered back in November last year, the company has been waiting for EMC orders to get back on track. Will they? It's now five months since STEC revealed this: One of our customers entered into a $120 million supply agreement with us for shipments covering the second half of 2009. We …
Chris Mellor, 14 Mar 2010
channel

Big Blue stalking STEC?

The share price of EMC's favoured SSD supplier, STEC has grown almost 60 per cent since the beginning of the year, yet law suits are amassing and its competitive position has weakened. The rumour is that IBM interest in buying STEC is pushing its share price up. In September last year STEC's share price peaked at $41.84. It was …
Chris Mellor, 20 Jan 2010
homeless man with sign

STEC on a roll for enterprise SSDs

STEC is trumpeting a $120m supply deal to a large enterprise storage customer - EMC, HP or IBM, we reckon - emphasising it's virtually the only solid state disk supplier in town for enterprise hard drive arrays. STEC expects that revenue from the sale of its ZeusIOPS hard disk drive replacement SSDS will exceed $220m in 2009. In …
Chris Mellor, 17 Jul 2009
Amusement park slide

WD results confirm it: Disk buyers ARE spending less

Is there a disk drive sales slump? Seagate's latest quarterly results suggested it and now WD's results confirm it. Enterprise disk drive buyers are spending less money. Despite all the marketing/analyst guffery about data bloat driving storage sales, both Seagate and Western Digital have seen lower sales in the last three …
Chris Mellor, 01 May 2014
channel

STEC booms but shares are falling

A twenty-fold profit increase for solid state drive supplier STEC in its third 2009 quarter was followed by a share price drop on worries that its golden growth years are coming to a close. STEC recorded revenues of $98.3m in the quarter, 13.8 per cent up on the second quarter and a solidly satisfying 54.3 per cent higher than …
Chris Mellor, 04 Nov 2009
channel

STEC becalmed as Fusion-io streaks ahead

Conditions are variable in the solid state drive (SSD) world, with STEC lagging while Fusion-io has the wind in its sails. STEC makes SSDs that replace fast hard disk drives (HDD), fitting in HDD slots in storage arrays, and boosting the I/O rates much better than having lots of short-stroked, fast-spinning Fibre Channel drives …
Chris Mellor, 05 Mar 2010
HGST SSD1000MR

Flash slab lab blab: NVMe-friendly PCIe spotted on HGST's cards

Samsung and Micron have announced NVMe-compatible PCIe flash storage cards - and now hardware from WD subsidiary HGST has been certified as conformant to the specification. The emergence of the three products signals that new tech spec NVMe is becoming the standard way for software to control and efficiently access PCIe- …
Chris Mellor, 24 Jul 2013
graph up

STEC goes all the way with EVA

Another tier one storage vendor has publicly pitched its tent in STEC's backyard - HP EVA arrays will use STEC solid state storage. HP has been understood to be a STEC customer for some time. Now it is out in the open and we know that STEC's Zeus IOPS SSD is the product HP will use. It's a case of the now classic array SSD use …
Chris Mellor, 01 Jun 2009
hands waving dollar bills in the air

STEC spills prelim Q3 numbers

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, …
Chris Mellor, 06 Oct 2008

Fallen flash pioneer's CEO bets $600k it can rise again

Struggling SSD supplier STEC has received a vote of confidence from its own CEO - Mark Moshayedi has just bought $593,000 worth of shares. According to Forbes and Nasdaq community news president and CEO Mark Moshayedi bought 137,664 shares at an average price of $4.71. He obviously expects and hopes they will rise as STEC …
Chris Mellor, 27 Nov 2012
hands waving dollar bills in the air

STEC director 'creative' with CV

Vahid Manian, a board director of SSD supplier STEC, has been sacked by employer Broadcom after it was found that he may have conjured academic qualifications out of thin air. STEC's website lists him as a senior VP of Broadcom. That corporation has him listed as a senior VP of global manufacturing operations. The site's …
Chris Mellor, 05 Dec 2008
chart

STEC sees SSD business boom

Enterprise solid state drive use means booming sales for STEC which saw revenues for its Zeus SSD rise 267.1 percent year-on-year. Overall revenues for the first 2009 quarter were $63.5m, up 25.2 percent on the year-ago quarter's $50.7m, and up 11.6 percent from the last quarter of 2008, indicating a slow down in sales growth …
Chris Mellor, 12 May 2009
LSI WarpDrive section

Seagate in surprise $450m LSI Flash gobble

Wow! Didn’t see that one coming; Seagate has scooped up the LSI flash business from Avago, rewriting the flash product supply business at a stroke, and speeding the concentration of flash product supply into fewer hands. Avago bought LSI in December 2013 for a cool $6.6 billion. Now Seagate will buy LSI’s flash biz, the …
Chris Mellor, 29 May 2014
channel

STEC goes on range extension rampage

STEC has set out on a range extension exercise, offering faster speeds and interfaces, and cheaper multi-level cell (MLC) flash variants. It currently offers fast single-level cell (SLC) ZeusIOPS SSDs for enterprise storage arrays, as selected by EMC, Compellent, HDS, HP, IBM and others. The MACH8 product line is lower …
Chris Mellor, 12 Aug 2009
globalisation

Start-up aims to out-perform STEC

Another start-up wanting to take a pot at STEC, the leader in the storage array solid state disk market, has emerged. Pliant Technology is focussing on the SAS interface, leaving Fibre Channel the sole preserve of STEC. STEC dominates what is called the enterprise flash drive (EFD) market, with OEMs such as EMC, HP, IBM and …
Chris Mellor, 03 Aug 2009
globalisation

STEC answers the billion dollar question

Solid state drive supplier STEC has joined the big boys, having attained a billion dollar market capitalisation. In the first quarter of the year its net revenue was $63.5m, 25 per cent higher than the year-ago quarter. Net profit was up a strong 61 per cent at $2.9m, driven by higher product shipments. It reckons its second …
Chris Mellor, 10 Jun 2009

Whopping 10TB disks spin out of HGST – plus 3.2TB flash slabs

HGST today launched a full frontal assault on the market with a shedload of disk and flash announcements – including a 10TB hard drive. The background scene set is the notion that the rate of data growth is doubling every two years and the spread of internet connectivity to non-IT devices (aka Internet of Things) will fuel …
Chris Mellor, 09 Sep 2014
Killer whale

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

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 proxy …
Chris Mellor, 26 Mar 2013

Oh, a Wyse guy, eh? Why I oughta make you Nexenta's new CEO

ZFS-storage software supplier Nexenta has changed its CEO for the second time in eight months, going for a popular exec from the ranks of IT's great and good: Tarkan Maner. Nexenta, which provides the Open Solaris and ZFS-based NexentaStor software storage OS, positions itself as the software-only answer to vendors who fear the …
Chris Mellor, 29 Aug 2013
WD Caviar Green 2TB

Growing revenues, profits on the up: WD sails on serenely

WD’s latest quarter shows untroubled growth as the disk drive business sails serenely on, untroubled by any flash storm. For its second fiscal 2014 quarter, ended Dec 27, 2013, revenues were a clean $4bn, nicely up from the first quarter’s $3.8bn and the year-ago quarter’s $3.8bn. Net income was $430m, lower than the previous …
Chris Mellor, 23 Jan 2014