A downgrade to Neutral from Goldman is pressuring LSI (LSI -2.9%): the firm, which is lowering...


A downgrade to Neutral from Goldman is pressuring LSI (LSI -2.9%): the firm, which is lowering its 2013-2015 estimates, argues weak enterprise IT spending will take a toll on demand for servers, storage, and PCs relying on LSI's chips, and nosediving desktop PC sales (-13% Y/Y in Q1) will hurt its hard drive controller business. LSI rallied last week after delivering a Q1 beat; the company's shareholder meeting is on May 9.
Comments (1)
  • tds100
    , contributor
    Comments (6) | Send Message
     
    Goldman downgraded aapl at 393 just last week. Maybe there is a pattern here.Its more important to see what the market is doing than what a talking head is saying.
    1 May 2013, 10:44 AM Reply Like
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