Tuesday, June 21, 2011 10:16:43 AM
In a note to clients, Sterne Agee writes, "We believe STEC could be an attractive stock once consensus GMs are reset, given the growth in the overall market. There are also bull views that M&A could offer an exit for STEC, which is a potential outcome. However, the options are becoming limited with SanDisk buying Pliant, Samsung now working at EMC, Western Digital acquiring Hitachi's disk business and Micron making progress in the enterprise space. STEC currently trades at 11x CY12 Adj PE."
Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1187287/update-sterne-agee-initiates-stec-at-neutral#ixzz1Pv6e5VNi
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