STEC, Inc.

:"STEC" redirects here. For "Shiga toxin-producing "E. coli", please see "Escherichia coli" O121."Infobox_Company
company_name = STEC, Inc.
company_type = Public (nasdaq|STEC)
foundation = 1989
location = Santa Ana, California
key_people = Manouch Moshayedi, Chairman & CEO
num_employees = 400 Worldwide
industry = Semiconductors
products = Solid State Drive|Dynamic random access memory
revenue = )
homepage = [http://www.stec-inc.com/ www.stec-inc.com]

STEC, Inc. nasdaq|STEC (formerly SimpleTech, Inc.) is a multinational company based in Santa Ana, California known for producing many forms of semiconductor memory. This includes a vast spectrum of industrial grade DRAM, flash memory and Solid-state drive (SSD) solutions for original equipment manufacturers, or OEMs. The company's OEM Division makes custom memories for electronics manufacturers such as Unisys and Cisco.

STEC designs, develops, manufactures and markets custom memory solutions based on Flash memory and Dynamic Random Access Memory (“DRAM”) technologies and specializing in developing high-density DRAM memory modules and high-speed, high-capacity flash-based Solid State Drives (SSD's) and memory cards used in sensitive and highly-volatile environments.

History

STEC, Inc. was originally founded in California in March 1990 as Simple Technology, Inc. which introduced a line of memory upgrades for PCs, notebooks, servers, printers and devices. Simple Technology was founded by Manouch and Mike Moshayedi. On March 20, 2007, the company's Chief Technical Officer and Chief Operating Officer Mark Moshayedi was promoted to President. Co-founders and brothers Manouch (CEO), Mike (former president), and Mark (COO) Moshayedi and their families collectively owned more than 60% of SimpleTech.

In 1995, they were ecognized on the Inc 500 list as the 50th fastest-growing business in the nation. They introduces IC Tower TSOP stacking technology the same year. In 1996, their European headquarters open with complete design, manufacturing and logistics capabilities. They introduced Solid State flash memory cards the same year. In September 2000 they completed IPO in (Nasdaq: STEC). In 2001 in efforts to change their corporate identity, they changed the name of the company to SimpleTech, Inc.

In February 2007 after the divesture of its consumer business to Fabrik, the company's OEM division was renamed to STEC, Inc. They also opened facilities in Malaysia with complete design, manufacturing and logistics capabilities. STEC now has additional locations in Austria, Japan, China, and Taiwan.

Finances

Aug. 4, 2008 - [http://phx.corporate-ir.net/phoenix.zhtml?c=120870&p=irol-newsArticle&ID=1182876&highlight= STEC Announces Second Quarter 2008 Results; SSD Growth and Opportunities Continue to Exceed Expectations]
May 5, 2008 - [http://phx.corporate-ir.net/phoenix.zhtml?c=120870&p=irol-newsArticle&ID=1139510&highlight= STEC Announces First Quarter 2008 Results]

External links

* [http://www.stec-inc.com/ STEC, Inc.] (company website)
* [http://green.stec-inc.com/ STEC Environmental Leadership] (green website)