LSI is fairly priced. The revenues outlook is light, and the projected GAAP earnings is essentially nil. LSI is on wait and see attitude for the next quarter or two. The fact is that Talwalkar has barely increased shareholder value during his tenure. A bad earnings report would have shaved in no-time 15% of the share price.
Has he increased it at all?? Regardless, I'm not sure what I think of LSI at the moment. I really thought they would get a bigger bump from Marvell's troubles. LSI's move into solid state, both in terms of SSD controllers and on pcie, though a bit late, has been more successful than anyone thought it would be. Once they are finally able to get 12 gig SAS out the door, there will be a market for it (though this is mostly replacement revenue). Other than the axxia/networking stuff which never seems to have taken off and which they started moving resources away from this year, they look posed for success in their main storage component markets. This is such a much leaner company in terms of product portfolio, though, now, than when AT took over, I guess the question is how do you grow profit when your main market now is so niche?