QUOTE AND NEWS
newratings.com  Nov 2  Comment 
WASHINGTON (dpa-AFX) - LSI Corporation (LSI) reported a profit for its third quarter that advanced compared to the same period last year. The company said its bottom line came in at $61.95 million, or $1.34 per share. This was up from $47.51...
Benzinga  Sep 9  Comment 
Citi’s Michael Bilerman believes Life Storage Inc (NYSE: LSI) is attractively valued, having moved from recent lows and with the potential of total returns of over 15 percent from the current levels. Bilerman upgraded the rating on the company...
Benzinga  Aug 29  Comment 
In a report published Friday, Morgan Stanley analyst Craig Hettenbach reiterated an Overweight rating on Avago Technologies Ltd. (NASDAQ: AVGO), and raised the price target from $82.00 to $97.00. In the report, Morgan Stanley noted, “We remain...
Cloud Computing  Aug 27  Comment 
Toshibas (TOKYO:6502) Geschäftszweig Logic LSI löst die wesentlichen Probleme, die bei individuell angepassten LSI auftreten: Entwicklungszeiten von über zwei Jahren, zusätzliche Kosten durch Änderungen von Anwendungen ...
DailyFinance  Aug 27  Comment 
Toshiba’s (TOKYO:6502) Logic LSI business solves the major problems custom LSIs face: development that takes over two years; costs that can become more expensive due to changes in application being developed or customer ...
SeekingAlpha  Aug 15  Comment 
By Trefis: Intel (NASDAQ:INTC) announced of signing a definite agreement to acquire LSI’s Axxia networking business and related assets from Singapore based Avago, a vendor of analog semiconductor devices, for $650 million in an all cash deal....
TheStreet.com  Aug 14  Comment 
NEW YORK (TheStreet) -- Avago Technologies will sell LSI's Axxia Networking Business to Intel  for $650 million in cash. The Axxia business mainly includes networking and infrastructure products for wireless networks and enterprise...




 
TOP CONTRIBUTORS

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.





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