Benzinga  Dec 15  Comment 
Too much optimism is priced into the shares of Life Storage Inc (NYSE: LSI), according to an analyst at UBS. The Analyst UBS analyst Nick Yulico downgraded shares of Life Storage from Neutral to Sell, while he maintained his $75 price...
Financial Times  Jun 22  Comment 
Case studies including Ayzh, the Crystal, the Co-operative Group, Dragon LNG, and LSI


Headquartered in Milpitas, California, LSI Corporation, designs, manufactures and markets application-specific integrated circuits (ASICs) and other standard products. An ASIC is a chip designed for a particular application. ASICs are built by connecting existing circuit building blocks in new ways. Although there can be significant upfront costs in designing an ASIC, it can be manufactured in volume once one is produced, and, therefore, the overall cost per chip can be relatively low.

In the communications end-market, ASICs can be found in edge switches and routers in the enterprise, metropolitan and wide area networks. They are also found in such consumer devices as: DVD players and recorders, digital set-top boxes, cable modems, DSL modems, residential gateways and digital cameras. ASICs are designed into storage area network switches and host adapters, storage systems, and hard disk drives.

LSI has two reportable segments: Semiconductor and the Storage systems. There are four businesses that comprise the Semiconductor segment Storage semiconductors, Networking, Mobility, and Consumer devices. The Networking and the Mobility business together can be treated as the Communications business. In fiscal 2006, the company generated $1.982 billion in revenue. LSI has many rivals within and outside the United States, including IBM, Texas Instruments, Philips Electronics, Toshiba, Adaptec, Broadcom, and MediaTek.

On April 2, LSI completed its merger with Agere in an all-stock deal. Each outstanding share of the Agere common stock was converted into the right to receive 2.16 shares of LSI common stock at the effective time of the merger at an average price of $9.905 per share. As a result, about 368 million LSI stocks were offered to the Agere shareholders for a total amount of $3.645 billion ($9.905*368 million). LSI also guaranteed Agere's 6.5% Convertible Subordinated Notes due December 15, 2009, the fair value of which was $370 million as of April 2, 2007. In addition to product synergy, the merger will lead to significant cost savings. By the second half of 2007, a reduction in operating expenses of $50 million is anticipated. By fiscal 2008, savings of at least $125 million and accretive pro forma earnings are expected.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki