SSD vendor STEC's CEO charged with insider trading

SSD ベンダー STECのCEOがインサイダー取引で摘発される: @eetimesさんから

SAN FRANCISCO—The U.S. Securities and Exchange Commission (SEC) Thursday (July 19) charged the chairman and CEO of solid-state drive (SSD) maker STEC Inc. with insider trading, alleging that he sold a significant portion of his shares in the company with the knowledge that demand from a major customer would be lower than expected. The SEC complaint alleges Manouchehr Moshayedi sold shares owned by he and his brother, Mark Moshayedi, a STEC co-founder, in a secondary offering in 2009 despite knowing that demand from EMC Corp. for an SSD called ZeusIOPS would be significantly lower than previously stated. The complaint further alleges that Moshayedi engineered a secret deal with EMC to prevent knowledge of its reduced demand for the product from coming to light prior to the sale of the shares. Each of the Moshayedis netted about $134 million on the deal, according to the SEC...

Full article: http://www.eetimes.com/electronics-news/4390814/SSD-vendo...