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

[Picassa]

I expect that Apple (which already uses STEC drives in its Macbook Air, and I expect will use STEC in any tablet product), IBM, HP, and others will up their usage of solid-state drives and STEC. STEC is two years ahead of any competitor in the technology and basically has a monopoly in the space. With $2 per share in earnings expected next year, even with the problems with EMC, the company trades for barely six times next year’s earnings amid 20% growth. I own the shares here.