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STEC, AŞ Message Board

  • taexpert928 taexpert928 Mar 7, 2013 11:06 AM Flag

    WSJ article says Balch Hill is pushing STEC management to sell the company

    Also IR officer Gilman told me over the phone that STEC is planning a shareholder meeting soon to decide about strategic ways to raise shareholder value.

    This is from recent WSJ article:

    Balch Hill Partners LP nominated seven individuals to STEC Inc.'s (STEC) board, saying the data-storage maker has "lost the trust of its key constituents."

    The firm has already been agitating for change at STEC, most recently in December when it called for the company to pursue a potential sale. Balch Hill's roughly 9% stake makes it the company's largest shareholder.