STEC, Inc - (formerly SimpleTech, Inc.) (STEC)

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barrons again

STEC could serve up hefty gains-Barron's
Sun May 17, 2009 3:31pm EDT

NEW YORK, May 17 (Reuters) - Disk drive and flash memory technology developer STEC Inc (STEC.O) is one of the bright spots in computer hardware and its stock might rise even more than it has this year if it delivers on its full-year 2010 profit forecast, Barron's reported on Sunday.

STEC's stock rose 30 percent after it reported earlier this month that revenue jumped 25 percent in the first quarter and "crushed" Wall Street expectations, Barron's said.

Since its previous story on STEC in April, shares have risen 70 percent, and at $14, upside remains, Barron's said.

It predicted that STEC, which trades at 17.5 times this year's estimated earnings of 80 cents, could hit $18 if it delivers on $1.05 projected for 2010.