sTec (NASDAQ: STEC) is a leading global provider of enterprise-class solid-state storage solutions, and the company recently delivered a not-so-surprising Q1 report. The revenue was $22 million, which was in-line with analysts’ expectations. Non-GAAP diluted loss per share was $0.41, which was slightly better than analysts’ estimate of $0.42 per share. However, sTec closed with over a 7.5% drop upon its earnings release. Clearly investors are worried more »
Where are the bargains in a multi-billion dollar industry that has had decades to develop? Data storage is seeing renewed interest as the digital age zips forward and cloud computing becomes the foundation of the Escher house the Web is building. There are definitely cheap data storage stocks out there -- but are the businesses behind them primed to grow, or is it smoke and shadows?
Seagate Technology PLC (NASDAQ: STX) has been doing quite well for itself lately, and given the current state of the computer hardware market that's quite an accomplishment. With the demand for hard drives shifting more and more to solid state drives and consumers hoping for increased read/write speeds, even companies who seemed desitined to enjoy market dominance have to fight for their market share just like everybody else more »
Maker of solid-state drives and computer components OCZ Technology’s (NASDAQ: OCZ) top line rocketed towards the sky in the fourth quarter, but failed to meet analysts’ estimates. Also, the company failed to meet bottom line expectations and posted a loss, sending its shares down by 14%.
But is OCZ’s miss in the quarter enough to ignore its long-term prospects? I don’t think so. Let’s see why more »
If you are looking to add a tech stock to your portfolio, OCZ Technology (NASDAQ: OCZ) is surely an option to consider. The company earns its bread and butter by designing, making and selling solid-state drives (SSD) and this is what compels me to take a closer look at it.
Riding the growth of SSD and mobile computing
It’s no more a secret that mobile computing is going to more »
The biggest names in technology have long been synonymous with growth, performance and stability. Often garnering names like the Four Horsemen or other equally recognizable monikers, technology stocks appeal to investors not just for their obvious name recognition, but because of what they represent. Names at the top of the tech growth food chain have historically been some of the strongest performers in the market.
Still, there is a time more »