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STEC, Inc. Message Board

milehigh53366 20 posts  |  Last Activity: Apr 17, 2014 3:48 PM Member since: Jun 16, 2009
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  • Reply to

    BANKRUPTCY

    by ib_smartt Apr 16, 2014 10:06 AM
    milehigh53366 milehigh53366 Apr 17, 2014 3:48 PM Flag

    At least your delusion is changing. That's something. Good luck recouping your losses this way.

  • milehigh53366 milehigh53366 Apr 8, 2014 8:16 AM Flag

    No, not really. When was QTM ever in play with NTAP in the first place?
    NTAP already can and does insert QTM products into some sales. Just log on to netapp website and type in stornext. You can also see QTM as a technology partner. NTAP also works with Fujitsu and may use Fujitsu products that have the QTM DXi software. NTAP has no reason to buy QTM when they already can use the products. And only the products NTAP wants to use. Not the 70% of QTM that NTAP has no use for.

  • Reply to

    maybe a buy out for appx. $5.00 a share

    by ib_smartt Mar 31, 2014 3:43 PM
    milehigh53366 milehigh53366 Apr 2, 2014 6:09 AM Flag

    yes, he is a moron who needs $1.50 to break even and his continual posting is moronic because everyone knows the deal. but this shittypant is getting old, too.
    The EMC clause is not going to stop anyone from buying QTM. If you want to get into big data with Lattus and StorNext then you have to have the money anyway. Only company that the EMC clause is stopping is NTAP and that is because of embarrassment and because they already get StorNext and DXi into their accounts. NTAP doesn't need to buy QTM.

  • milehigh53366 milehigh53366 Mar 27, 2014 7:49 AM Flag

    So the logic here is that now that Brown is leaving QTM Board Symantec would have an interest. But not before Brown would leave QTM Board.
    Symantec has their own dedupe products. Not interested in QTM.

  • Reply to

    Breakout

    by ib_smartt Mar 10, 2014 12:24 PM
    milehigh53366 milehigh53366 Mar 10, 2014 6:22 PM Flag

    agree, I'm skeptical of 'breakout', too. particularly since this has almost 60 cents to go just to get to 52 week high. But there was an interesting volume today.

  • Reply to

    Will most likely be bought out

    by ib_smartt Mar 6, 2014 4:20 PM
    milehigh53366 milehigh53366 Mar 7, 2014 11:52 AM Flag

    I think balance sheet had to be cleaned anyway, regardless of any effort to sell the company or not. Losing money continually just isn't sustainable, though QTM has been giving that a strong try. But still `65% of the company is still tape revenue. I don't see how that is sellable. At any rate, I would agree that with Starboard on the BOD, some changes may be happening faster. But I am still not completely convinced QTM is sellable to anyone who has the ability to invest in the company. If any big storage type company were interested then the current state of QTM wouldn't matter to them.
    I think the first notes are due in 2015? Maybe this is all for the notes and they need to store cash now.

  • Reply to

    Will most likely be bought out

    by ib_smartt Mar 6, 2014 4:20 PM
    milehigh53366 milehigh53366 Mar 7, 2014 7:18 AM Flag

    Are these the same insiders and that same article you wouldn't talk about but talked about anyway last qtr? Are we going back to that?
    Ok, so tell us what the 'insiders' told you is going on that shows a buyout is imminent.

  • Reply to

    Will most likely be bought out

    by ib_smartt Mar 6, 2014 4:20 PM
    milehigh53366 milehigh53366 Mar 6, 2014 4:27 PM Flag

    That's hilarious. No one has ever said that before. Really original.

  • Reply to

    Heading to $0.50?

    by bridgejumper08 Mar 3, 2014 3:02 PM
    milehigh53366 milehigh53366 Mar 5, 2014 7:24 AM Flag

    Well, no. Last time this was that low was in March 2009. So, no, that won't happen unless all the 'tutes sell at once.
    Last time this was at $1.80 was June or July 2010. That won't happen again soon. I would be surprised if it happens this year. But this will hit 1.80 before .50

  • milehigh53366 milehigh53366 Mar 3, 2014 8:25 AM Flag

    Let's look at that.
    Breakup - 65% to 70% of QTM revenue (out of say, $550m) is still in tape in some way, mostly as tape libraries. . This is not a growth market, actually is a declining market. Finding someone to buy that is probably unlikely.
    Means that dedupe, Lattus, vmPro, StorNext all together bring in only about $160m/yr

    Sale- same as above. I would think it hard to convince a BoD to spend $400m on a declining market.

    Cut cost - already has been done. more will be cut as manufacturing moves over to outsource model. I think last cc said that would be complete by end of this qtr.

    Reduce debt - Has been ongoing for years. There is just to much of it. Still about $200m

    Buy back stock - Just got to $83m cash. Can't afford to buy back with just that much. 220m shares outstanding. How much would buying back with $83m cash improve share price?

  • milehigh53366 milehigh53366 Feb 27, 2014 2:11 PM Flag

    Write this down.
    What do 'activist investors' know about running a company, let alone a tech company?
    Answer: Nothing

    Morons like Starboard know nothing about a tech company. They don't know jack bleep. Starboard probably did try to sell the company and then found out what smart people already knew. There are no buyers. So finally they accepted that and let QTM mgt outsource manufacturing and layoff a lot of people to cut cost. Do that before your historically best qtr and viola, money appears. So yes, a chainsaw has been used.

    People also need to understand that QTM is not bought/sold on its own merit. QTM stock is used as a holding vehicle for 'tutes other holdings. They put money in and take money out of QTM as needed for their other funds.

  • Reply to

    Will NTAP buy out QTM soon or what

    by crankyshmanky Feb 19, 2014 8:33 AM
    milehigh53366 milehigh53366 Feb 21, 2014 3:15 PM Flag

    If you take a look at NetApp website and search for StorNext you will see articles and papers where NetApp has applied StorNext and StorNext appliances in customer solutions. That tells me that NetApp can already resell StorNext. Why buy the company when you already can get $ from their products.
    At $13B market cap, QTM will never get to expensive for NTAP. Again, NTAP could have bought QTM at 11 cents/share. The balance sheet is better because lots of people have been laid off, mostly in manufacturing.

  • Reply to

    Will NTAP buy out QTM soon or what

    by crankyshmanky Feb 19, 2014 8:33 AM
    milehigh53366 milehigh53366 Feb 20, 2014 10:54 AM Flag

    NTAP is not going to buy QTM. They have had the chance for years but never have tried to buy QTM. As a matter of fact, NTAP tried to buy Data Domain but EMC took Data Domain away. So NTAP chose a competitor of QTM over QTM.

  • milehigh53366 milehigh53366 Feb 6, 2014 10:06 AM Flag

    Don't forget, when DOW goes down, QTM goes down. When DOW goes up, QTM goes up. That has been the pattern for years, in general. There have been exceptions, but for the most part that has been the pattern. I believe MM's use QTM as a tax stock and maybe make a few pennies for their clients. They sell quickly when DOW starts to go down. We have to hope that Lattus really, really takes off.

  • milehigh53366 milehigh53366 Jan 30, 2014 9:17 AM Flag

    If you look at the Needham conference materials on the QTM web site you will see a chart that shows market segment breakdowns. The chart shows that QTM's largest segment, tape at ~65%, declining and disk-based appliance not growing that much. So I think revenue stabilizing is going to be difficult and the past bears that out.
    I'm still stuck on 200M shares outstanding with lowering revenue and not much profit yet and debt that almost equals # of shares outstanding. How do you increase share price and keep the price up under those conditions. Maybe I'm making to much of this?

  • Reply to

    Is this good , bad, orexpected?

    by charttracker Jan 29, 2014 4:21 PM
    milehigh53366 milehigh53366 Jan 30, 2014 9:09 AM Flag

    The annual revenue numbers are what they are. No disagreement there. I think the numbers show clearly that QTM has to have other businesses step up to cover tape market decline. 70% of the business is still tape. So, yes, revenue will decline. What QTM has had to do was give up the chase of revenue and start making money. If I recall correctly QTM had almost $15M more revenue a year ago but really didn't make more money in profit and operating income.

    So, yes, revenue at QTM will decline. They have had to change thinking and attitude. I think it is likely that $600M or above revenue isn't coming back unless Lattus+StorNext really, really take off.
    I think the market just looks at revenue guidance and votes up or down. At the moment it is hard to make a case for buying QTM stock, I will admit. Let's see if they can keep up their cash and operating income trends. I think that is all they can do right now.

  • Reply to

    I think it will be NetApp

    by bulldoggy2015 Jan 28, 2014 9:32 AM
    milehigh53366 milehigh53366 Jan 28, 2014 2:45 PM Flag

    That's not what you think. You don't know what to think. You have no idea what you got yourself into. You don't know the business or the history and have no idea how to do research. You just hope.
    I can tell you that NetApp won't buy QTM. NetApp could have bought QTM when QTM was at $.11. Yes, 11 cents. But they didn't. There is no greater reason to buy QTM now.
    And SanDisk. What a laugh. All you have done is find company names other people have named and rehashed them. Do you know what SanDisk does? Do you know that SanDisk business is nowhere near QTM's business? No, of course you don't. You don't want to know. You would rather stick your fingers in your ears. It's time to put you on ignore. Your stupidity isn't worth the time. How come no one else has said I use multiple IDs. Oh wait, it's because I never have. It's you that has. You're a waste of time.

  • milehigh53366 milehigh53366 Jan 27, 2014 7:50 AM Flag

    I predict you will say something stupid.
    That was to easy.

  • Reply to

    Needham conference materials

    by milehigh53366 Jan 17, 2014 9:52 AM
    milehigh53366 milehigh53366 Jan 27, 2014 7:49 AM Flag

    Depends on the point of view. :)
    I think slide 7 of the pdf says it all. QTM has to shift focus to where the market is predicted to grow. Whether or not they get any portion of that market is TBD. But the potential is there, I think.

  • milehigh53366 milehigh53366 Jan 27, 2014 7:47 AM Flag

    No, bullcrappy. It's everyone else that is LMAO. At you. Ever since you have been qtm_1, 2, 3, 4, 5 and however many others and then nerdypants and now bulldoggy. I have had the same id and only one id for at least 5 years that I have posted here. You could look it up, but you won't. That would take honest effort. Can you say the same? I didn't think so. No one does.

    Is this all you do now? You can't say anything intelligent about the stock (not that you ever did or could) so now you just post this junk? To bad.

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