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

[realfast95]

January 6, 2010 10:31 AM EST

Noble Financial downgrades Stec, Inc (Nasdaq: STEC) from Buy to Hold.

Noble analyst says, "Shares have rallied approximately 70% from recent lows; Taking the opportunity downgrade shares to "Hold" Recent rally a function of some speculation over unlikely events be believe in the long-term growth potential for the enterprise SSD market and STEC's completive position within this market; however, shares could trade down in the near term Due to inventory overhang at EMC, STEC's first-quarter 2010 guidance will likely disappoint investors; Once first-quarter guidance is discounted in share price, we may become more constructive."

http://www.streetinsider.com/Downgrades/Noble+Financial+Downgrades+Stec,+Inc+(STEC)+to+Hold/5225641.html