MILPITAS, Calif., Dec. 7, 2012 /PRNewswire/ -- LSI Corporation LSI, a leading designer of semiconductors and software that accelerate storage and networking in datacenters, mobile networks and client computing, today announced that it is transferring its stock exchange listing to the NASDAQ Global Select Market from the New York Stock Exchange, effective December 19, 2012. LSI shares will begin trading as a NASDAQ-listed security on December 19, 2012, and will continue to trade under the symbol LSI.
"LSI is pleased to align ourselves with our tech peers on NASDAQ, where the global state-of-the-art electronic exchange is powered by the technology of many of our customers, with LSI products built in," said Bryon Look, LSI's chief financial officer. "We believe NASDAQ adds an exciting new platform for LSI to enhance our visibility with current and prospective shareholders and also provides a cost-effective listing solution."
"We are pleased to welcome LSI to NASDAQ," said Bruce Aust, executive vice president, NASDAQ OMX. "LSI provides critical solutions for datacenters and mobile networks which are under tremendous stress given the massive amount of data being produced by individuals and businesses today, a challenge faced by many of our listed companies. LSI has undergone a focused transformation over several years and we believe that their commitment to shareholder value will be reinforced by their new association with NASDAQ."