LSI Corp. (LSI) - NASDAQ
LSI is defunct.
  • Jul. 24, 2013, 4:05 PM
    LSI Logic (LSI): Q2 EPS of $0.15 beats by $0.02. Revenue of $590M beats by $9.29M. Shares +1.5% AH. (PR)
    | Jul. 24, 2013, 4:05 PM
  • Jul. 24, 2013, 12:10 AM

    Notable earnings after Wednesday’s close: AEM, AIZ, AKAM, AMCC, AMP, ANGI, ARII, ASGN, AVB, BDN, BIDU, CA, CAKE, CCI, CDNS, CLGX, CMO, CMRE, COG, CROX, CTXS, CYH, EFX, EGHT, EQIX, ETFC, FB, FBHS, FFIV, FLOW, FLS, FOE, FTNT, GGG, GPRE, HRC, IM, INFN, ITC, ITMN, KEX, LOGI, LSI, LVS, MLNX, MTSN, NFX, OI, OII, ORLY, PDH, PMTC, QCOM, RJF, RRC, RT, RYL, SCI, SGMO, SKX, SLG, SQNM, SRCL, SUSQ, SWFT, SYNC, TAL, TCBI, TER, TEX, TQNT, TRIP, TSCO, TWI, V, VAR, WCRX, WDC, WLL, WRE, WSH, XOOM, ZNGA

    | Jul. 24, 2013, 12:10 AM
  • Jul. 23, 2013, 5:35 PM

    Notable earnings after Wednesday’s close: AEM, AIZ, AKAM, AMCC, AMP, ANGI, ARII, ASGN, AVB, BDN, BIDU, CA, CAKE, CCI, CDNS, CLGX, CMO, CMRE, COG, CROX, CTXS, CYH, EFX, EGHT, EQIX, ETFC, FB, FBHS, FFIV, FLOW, FLS, FOE, FTNT, GGG, GPRE, HRC, IM, INFN, ITC, ITMN, KEX, LOGI, LSI, LVS, MLNX, MTSN, NFX, OI, OII, ORLY, PDH, PMTC, QCOM, RJF, RRC, RT, RYL, SCI, SGMO, SKX, SLG, SQNM, SRCL, SUSQ, SWFT, SYNC, TAL, TCBI, TER, TEX, TQNT, TRIP, TSCO, TWI, V, VAR, WCRX, WDC, WLL, WRE, WSH, XOOM, ZNGA

    | Jul. 23, 2013, 5:35 PM
  • Jun. 11, 2013, 2:39 PM
    A Marvell (MRVL -1.9%) SSD controller is designed into Apple's new MacBook Airs, says JPMorgan. Marvell is counting on rising SSD controller sales to compensate for soft hard drive controller demand (largely the result of weak PC sales). RBC's Doug Freedman recently argued Marvell will benefit from rising SSD adoption, since the dollar value of its chip content is higher for SSDs than hard drives. However, Marvell faces competition here not only from hard drive controller rival LSI's SandForce unit, but also from startups such as DensBits and the in-house efforts of SSD vendors such as OCZ and SanDisk.
    | Jun. 11, 2013, 2:39 PM | 1 Comment
  • May 1, 2013, 10:24 AM
    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.
    | May 1, 2013, 10:24 AM | 1 Comment
  • Apr. 24, 2013, 5:39 PM

    Western Digital (WDC) guides for FQ4 revenue of $3.55B-$3.65B and EPS of $1.65-$1.80, in-line with a consensus of $3.58B and $1.74. That, along with a strong FQ3 beat, is going over well in light of huge PC-related fears. WDC +3.7% AH. STX +1.3%. LSI +2.2%. WDC estimates the total market for hard drives in FQ3 was 135.4M, down just slightly from FQ2's 135.8M. The company pegs its FQ3 share at 44.4%, up from FQ2's 43.6%. Gross margin rose 50 bps Q/Q (while falling 400 bps Y/Y) to 28.2%, and $243M worth of shares were repurchased. (fact sheet) (PR)

    | Apr. 24, 2013, 5:39 PM
  • Apr. 24, 2013, 4:03 PM
    LSI Logic (LSI): Q1 EPS of $0.17 beats by $0.05. Revenue of $569M beats by $13.12M. Shares +1.6% AH. (PR)
    | Apr. 24, 2013, 4:03 PM
  • Apr. 24, 2013, 12:10 AM

    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA

    | Apr. 24, 2013, 12:10 AM | 1 Comment
  • Apr. 23, 2013, 5:35 PM

    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA

    | Apr. 23, 2013, 5:35 PM
  • Mar. 26, 2013, 12:56 PM

    An upbeat note from Brean Capital's Ananda Baruah is leading Seagate (STX +3%) and Western Digital (WDC +2.9%) to rally. In spite of weak PC sales, Baruah expects industry hard drive shipments to total 130M-135M in calendar Q1, down just slightly from Q4's 136M and in-line with guidance. Moreover, he sees the potential for 5%-10% 2H shipment growth, and ASPs and margins are seen benefiting from a mixture of better capacity utilization, stronger retail revenue, rising hybrid drive shipments, and a mix shift to enterprise and 500GB single-platter notebook drives. LSI +1.4%. MRVL +0.8%.

    | Mar. 26, 2013, 12:56 PM | 4 Comments
  • Feb. 21, 2013, 4:37 PM

    More on Marvell: FQ1 guidance is for revenue of $700M-$740M and EPS of $0.12-$0.16, somewhat favorable to a consensus of $707.8M and $0.13. FQ4 EPS beat assisted by $283M in buybacks. Company says it gained hard drive controller share (at LSI's expense?). Gross margin was 53.2%, +90 bps Q/Q and -130 bps Y/Y. Opex +9% Y/Y, above rev. growth of 4%. MRVL +4.5% AH, shares have been depressed for a while. CC at 4:45PM ET (webcast). (PR)

    | Feb. 21, 2013, 4:37 PM
  • Feb. 19, 2013, 5:29 PM

    Rambus (RMBS) +3.8% AH after: 1) Announcing a settlement and patent licensing deal with LSI, one of the chipmakers it had filed an ITC complaint against. The licensing deal lasts through 2018. 2) Raising its Q1 revenue guidance range to $65M-$69M from a prior $58M-$63M, thanks to a one-time payment related to the LSI deal. The consensus is at $61M. Shares rose 6.4% in regular trading.

    | Feb. 19, 2013, 5:29 PM
  • Feb. 15, 2013, 6:36 PM

    To address the needs of the supercomputer/HPC market, Intel (INTC) plans to integrate networking and storage controllers onto future Xeon CPUs; the chip giant foresees both performance and space/power benefits. Intel also wants to create a new interconnect fabric for HPC systems by tying together the work of multiple product groups - product lines purchased from Cray and QLogic could help, as might the Fulcrum Microsystems acquisition. Intel's plans could pose a risk to Mellanox (MLNX). Update: Commenter York Maksik notes LSI's storage controller card business could also be hurt by Intel's plans. PMC-Sierra's (PMCS) Adaptec unit also competes in this space. (also)

    | Feb. 15, 2013, 6:36 PM | 14 Comments
  • Feb. 5, 2013, 1:20 PM

    Hard drive industry sales will fall 12% in 2013 to $32.7B, IHS predicts, as both slumping PC demand and growing solid-state drive (SSD) adoption take a toll. The low valuations given to Seagate (STX) and Western Digital (WDC), as well as controller suppliers Marvell (MRVL) and LSI, makes it clear the Street sees an industry in long-term decline - all four are working to grow their SSD exposure (I, II), but competition is intense. IHS thinks WDC could eat into STX's 50% share of the high-margin enterprise HDD market thanks to its helium drives.

    | Feb. 5, 2013, 1:20 PM | 18 Comments
  • Feb. 1, 2013, 1:34 PM
    Telecom chipmakers Cavium (CAVM +7.5%) and PMC-Sierra (PMCS +13.7%) soar after delivering Q4 beats (I, II), and contribute to a decent rally in chip stocks (SOXX +1.9%). Cavium guided on its Q4 call for Q1 revenue of $68.5M-$70.5M and EPS of $0.17-$0.19 vs. a consensus of $69.1M and $0.17. PMC guided on its call for Q1 revenue of $123M-$132M, largely above a $124.7M consensus. The numbers come amidst growing optimism (I, II) about 2013 telecom capex. Peers Broadcom (BRCM +2%), Marvell  (MRVL +3.1%), and LSI (LSI +4.7%) are all doing well.
    | Feb. 1, 2013, 1:34 PM
  • Jan. 29, 2013, 4:06 PM
    Seagate (STX -9.4%) and Western Digital (WDC -5.2%) close with big losses after the former issued soft guidance to go with its FQ2 beat. EMC's guidance might be making a bad situation worse. FBN and Evercore have downgraded Seagate, which is trading around ~6x FY13E EPS even if one assumes consensus forecasts fall a bit. Management noted on the earnings call it expects hard drive industry volumes to be flat-to-down Q/Q, but added cloud-related sales remain a bright spot. LSI -2.3%. FIO -5.3%.
    | Jan. 29, 2013, 4:06 PM
Company Description
LSI Corporation design, develop and market storage and networking semiconductors. The Company offers integrated circuits, computer servers, storage systems and personal computers.
Sector: Technology
Industry: Semiconductor - Specialized
Country: United States