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STEC

STEC Implodes on EMC Inventory Correction

February 24, 2010

STEC (STEC) got killed killed after hours today, trading down more than 20% on disappointing Q1 guidance. The company’s revenue forecast is more than 50% below the Wall Street analysts’ consensus.
The problem? A major inventory carryover at EMC (EMC), STEC’s largest customer.
Let this blowup be a lesson to you, because it’s one I’ve learned through [...]

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