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LSI (LSI-OLD +1%) edges higher on a down day after Barron's suggests the chipmaker could rally...

Apr. 23, 2012 10:22 AM ETLSI Corp. (LSI-OLD) StockMRVL, LSI-OLDBy: Eric Jhonsa, SA News Editor
LSI (LSI-OLD +1%) edges higher on a down day after Barron's suggests the chipmaker could rally 50% (on top of its 31% YTD gain) on the back of strong demand for its hard drive and solid-state drive (SSD) controller chips - this market is dominated by LSI and MRVL. The growing adoption of cloud storage (I, II) is seen as a positive for LSI, as is a forward P/E of 10, a strong balance sheet, and improving margins.

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