LSI Logic (LSI) agrees to sell its external storage systems business to NetApp (NTAP) for $480M...

|About: LSI Corp. (LSI-OLD)|By:, SA News Editor

LSI Logic (LSI) agrees to sell its external storage systems business to NetApp (NTAP) for $480M in cash. The Engenio business being purchased generated revenues of $705M in 2010. LSI +2.5%, NTAP -0.7% AH. (PR)