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News Update: STEC (NASDAQ:STEC) Plummets on Anemic Guidance, Downgrade at JPMorgan Chase

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Uploaded on Feb 24, 2010

2/24/2010-Shares of STEC (NASDAQ:STEC) are trading 24.6% lower to $10.11 after the maker of flash-memory drives forecasted a Q1 loss of $0.11 to $0.13 per share, versus consensus estimates of $0.20.

JPMorgan Chase downgraded the company to "neutral" from "overweight."

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