latest news releases from the newsroom
STEC Advances Along the Next Vector of Solid-State Drive Adoption With SAS-SSD for Servers and Mid-Range Storage Systems
SANTA ANA, Calif., Nov. 17, 2008 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC), today announced that the Zeus-SAS product line -- of Solid-State Drives (SSD) -- is expected to generate more than $1 million in sample revenue -- during the fourth quarter of 2008 -- as customer purchases of its ZeusIOPS with SAS interface gain momentum. Along with Fiber Channel (FC) and SATA versions, the ZeusIOPS product family includes SAS 3Gb in both 2.5" and 3.5" form factors as part of an expansive enterprise SSD product offering.
STEC Board Approves $10 Million Stock Repurchase Program
SANTA ANA, Calif., Nov. 17, 2008 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC) today announced, that its board of directors has authorized the Company to repurchase up to $10 million of its common stock over an 18-month period commencing November 19, 2008 following the expiration of its existing stock repurchase plan on November 18, 2008.