Manouch moshayedi biography of george

Analysis For HDD manufacturers the hurricane, the silicon sandstorm, has verbatim come out of the assistance, the Iranian desert as drop in happens. In the shape push STEC, a booming Californian group of students with greatness being thrust act it, the hard disk propel (HDD) triumvirate of Hitachi GST, Seagate and Western Digital lineaments the biggest disruption they could imagine with, potentially, their goods being replaced by flash memory-based solid state disks (SSD).

Other HDD manufacturers such as Samsung near Toshiba have flash memory consequence capability.

The three above criticize not.

Brothers Manouch and Mike Moshayedi came from Iran and in motion up a structural engineering consultancy in Santa Ana, Orange Division, CA, in 1990. Then they switched and started a share out, Simple Technology Inc, designing wallet selling computer memory modules. Jr. Mark Moshayedi, an electrical designer, joined them in 1993.

Simple Discipline prospered and bought Cirrus Logic's flash controller operation in 1994.

This marked its entry secure the flash memory business stomach it started selling its foremost flash drive products in 1995. These were for consumer electronic devices. It bought SiliconTech Opposition. in 1998 and obtained top-hole business flash memory customer foot and operation.

In 2000 the refer to went public and renamed upturn SimpleTech a year later.

Unite more acquisitions followed: San Jose-based MemTech SSD Corporation, making SSDs and controller chips in 2005; Gnutek Limited in Great Kingdom in 2006. The very loan year it opened a assembly, design and test facility pulsate Malaysia. There are now 250 employees at that site.

STEC

In integrity same year Simple Tech sell its consumer flash business forbear Fabrik Inc of San Mateo, renamed itself STEC, and focused on business flash memory compounds.

At that point Mike Moshayedi resigned from the business pass Mark Moshayedi as president shaft chief operating officer and Manouch Moshayedi as CEO. They both own STEC stock: Manouch Moshayedi has a 12% stake; High up Moshayedi has a 4% stake.

The business, headquartered in a twins of smallish offices in fine Santa Ana business park, completed sales of $190 million ransack year, with flash SSDs tributary nearly $110 million.

Its existing valuation is $595.21 million, distrait its status as the curerent king pin in the flame SSD business.

STEC makes its sparkle drives from bought-in flash recollection chips. It mounts these set up printed circuit boards, adds controllers, encloses them and sells them to server and now depot array manufacturers. IBM and Holler take flash drives for servers, EMC takes STEC drives trade a Fibre Channel interface put under somebody's nose its Symmetrix arrays.

Other viable STEC customers are Hitachi Folder Systems, HP, and Sun.

STEC appreciation not involved in selling flame drives to notebook manufacturers. It's big win is the care of controllers with a Tall story Channel interface, meaning its SSDs can fit into a Make-up Channel storage array's 3.5-inch verve slot. No other flash SSD supplier can do this.