CEO was just asked if Stec had any orders for second half.
CEO said that they have ZERO orders. He said, Stec doesn't get orders six months in advance. But that's not true (e.g., EMC's 2009 contract).
I am not happy with this earnings webcast. With zero orders, the CEO's predictions for H2 are unfounded.
Analysts will also nail Stec for the miserable services number and that management gave no numbers for its new incentive program. (CEO said there were numbers for last quarter but none for Q1 yet. That's not true, because the incentive program wasn't started until November 2009.)
Even I listened this part. What CEO said is they will have orders on BOOKs 6 months in advance. Once you write a contract that is different story. EMC wrote a contract long time back. IBM may come out and write contract for next 3 years.
The CEO still sounded very composed and confident and he'll make a bundle (again) when he buys the stock back. Watch what the stock does once we see the first buy-back announcement. Cha-ching. Until then, the shorts will have their day in the sun along with those that trash the company, simply looking for a cheap buyin.