It's been so long, I had almost forgotten about LSI and the long suffering poor old bagholders. So I decided to take a fresh look. Yikes! I should have left sleeping dogs lie!!
Let's see. As of May 23, Tallywacker has been CEO for 8 years. Let's examine the real Tallywacker 8 year track record...
May 24, 2005 - $6.43
May 23, 2013 - $7.13
8 year gain = 10.8% (about 1% annual gain!!)
June 28, 2013 - $7.14 (one cent gain in five weeks)
Looks like all the oldtimers are long gone, just to be replaced by another group of naive and clueless LSI bagholders!! Keep right on paying Tallywacker that obscene salary and stock options, suckers!!
Some history: LSI hit $11.81 on March 31, 2006, less than a year after Tallywacker took over as CEO. How sad and obscene that the long suffering bagholders had to watch Tallywacker feed on those stock options like a pig at the trough and then sell out the company a full nine years later!!
Poor comparison. Unlike LSI, INTC and MRVL pay dividends. INTC just replaced its CEO. MRVL is run by its cofounder. Talwalkar destroyed the shareholder equity per share. When he acquired Agere, he diluted the share count greatly and took on large pension liability. He claimed then that the quarterly revenues soon after the acquisition would be $870M. What are the quarterly revenues now (7years later), the actual GAAP earnings, and the tangible book value per share?
Your comment regarding bag holding is true. However, LSI has not been doing "fine" for its shareholders, only for its officers, BOD, and frequent traders.