This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Kendall Law Group Investigating STEC, Inc. for Shareholders 2009-11-06 15:32 ET - News Release  Company Website:
http://www.kendalllawgroup.com DALLAS -- (Business Wire)
Kendall Law Group, founded by a former federal judge, today began an
investigation on behalf of STEC, Inc. (NASDAQ: STEC) shareholders. The
investigation concerns possible securities violations regarding false
and misleading public statements made by the company between August 3,
2009 and November 3, 2009.
The firm’s investigation is based on STEC’s November 3, 2009
announcement that one of its largest customers will be carrying 2009
inventory over into 2010, which could affect STEC’s 2010 first quarter
results. This customer accounts for 90% of STEC’s Zeus IOPS SSD business
and placed a $120 million order for the second half of 2009. On this
news, STEC stock dropped nearly 39% to close at $14.14 on unusually
heavy volume on November 4, 2009.
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