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STEC is essentially a custom memory company, designing solutions for other companies products. This is a market that will continue to expand rapidly. Currently trading near a 52-week high, analysts currently rate this stock at a 3-1 buy/sell ratio. On Monday, STEC reported earnings, beating the street by $.01 a share. This is a strong buy.
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Kohalza
May 06 at 4:00 ET
You may want to also consider SanDisk (SNDK). They are one of (if not THE) biggest flash memory manufacturers. They took a tumble with all the rest of the market in the past few months, but have since regained 30% share value and are still over 40% off their 52 week high.
The flash memory business is far from saturation. Today almost every cell phone, GPS, camera and toaster has a flash memory chip and the range of "smart" appliances will only continue to grow. I would rather go for a well established company such as SanDisk, and maybe back it up with a small vesting in STEC.
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BullMarketW
May 06 at 4:42 ET
SanDisk is a stock I have also looked at in this sector. I agree with you, it should be a good pickup, especially at its current valuation.
One DRAM pick I have been following is Micron Technologies (MU). They recently entered into an agreement with Nanya to build a next gen DRAM facility. Nanya specializes in manufacturing while Micron is a leader in research and development. Their agreement is to form a joint partnership with a 50/50 split. This should significantly help Micron with there supply issues. They needed additional capacity to produce and now they just got it.