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STEC, AŞ Message Board

  • chickenhatsdotcom chickenhatsdotcom Feb 23, 2010 5:18 PM Flag

    Just heard what I wanted to in the CC ......

    Returning to NORMAL run rate in the 2nd half of the year. Now I'm a buyer at $10.10 AH's, but I was unsure about buy in before I heard this.

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    • 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.)