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STEC Announces Secondary Offering

August 7, 2009 (FinancialWire) — STEC, Inc. (NASDAQ: STEC), filed with the U.S. Securities and Exchange Commission (”SEC”) a shelf registration statement, which became immediately effective, and a preliminary prospectus supplement relating to a public offering of an aggregate of 7.5 million of its shares of common stock by Manouch Moshayedi, its chairman and chief executive officer, and Mark Moshayedi, its president, chief operating officer, chief technical officer, secretary and a director.

The underwriters will have an option to purchase up to an aggregate of 1,125,000 additional shares from the selling shareholders solely for the purpose of covering overallotments, if any. STEC will not receive any of the proceeds from sales by the selling shareholders in the offering.

J.P. Morgan Securities Inc., Deutsche Bank Securities Inc., Barclays Capital Inc. and Oppenheimer & Co. Inc. will act as managing underwriters of the offering, J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. will act as the joint book-running managers, and Barclays Capital Inc. will act as joint lead manager.

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