The market says it been liquidated. Products chosen by a boat load of 'smart' VC backed start ups? It must be dead. Recent qualifications at major OEMs? Kiss of death. Ability to see it through? Ah..mostly dead. Want the IP thats visible in the pants pocket? Take it, but wear a lawyer.
Why would OEMs qualify products for which they don't see a market?
More than what? STEC offered no hope of breaking even for at least two qtrs. I know that STEC didn't want to answer any questions about calendar Q12013 but not wanting to even discuss a breaking even time frame was pretty bad. And I'm going to guess that having Manouch on the cc was not looked on well by fund shareholders. And even worse saying they hoped he would be CEO again.