Does anyone know an 'activist' who can shakeup LSI ?
Get the CEO fired...replace the board members who are in deep sleep at the wheel...??? Need an activist...a greedy Icahn or some Hedge Fund... because it seems that if TallyWally is telling the street his 'exciting' story...how come NO one is buying it and the stock is an absolute dog with fleas? Pleeeeeaseee...HELP !
It seems you've got a point. The stock is a dog with fleas despite rising earnings and revs. What burns me is that their main competitor MRVL is having a great run despite their terrible jury verdict loss. I thought the Sandforce acquisition was a good one that should have converted non-believers but obviously not. My patience is running thin. The only thing that keeps me here is their balance sheet. Bring on icahn :)
Typically ,unless they are bolt on acquisitions, all they do is give the CEO's time to hide their disasterous underperfomance....they use it as an excuse needing time for integration, financial manipulation for margins and writeoffs, etc. Talwalker is an absolute failure...He has failed to even put makeup on an ugly duckling to get her married... the company needs an activist to unlock value and most certainly drive out the snozzing incestous board who are covering for one another at the expense of the shareholder and protecting Talwalker....and his incompetency in doing anything for the company or its shareholders.
ML report:-MORE sellside Spin
LSI – Under the radar private/public cloud growth play
CFO Bryon Look noted that near-term growth was being driven by: 1) Flash
especially in enterprise storage and consumer client devices, 2) SAS transition
from 6Gig to 12Gig in 2H, and 3) Networking and specifically Axxia processors
into wireless basestations. Hard disk drives (HDDs) were suffering from tough 1H
compares but expected its position and market share should to improve
beginning in 2H from 30%+ currently desktops & enterprise drives as well as
hybrid notebook drives at Seagate (to the extent that this new technology takesoff).
LSI also noted stronger competitive position on 28nm SoCs where its share
was higher with the ramp expected to commence in 2014. Enterprise PCIe flash
traction remains very strong at multiple customers at key partners (Oracle, IBM,
Cisco, Intel) and direct cloud customers and noted that recent third party data
noted that LSI had reached #2 position behind leader Fusion IO. While operating
margins were 500-600bp below target model currently, the company sees
leverage from current design win pipeline driving top-line growth combined with
opex controls should drive LSI close to the target business model. LSI remains
committed to returning capital to share holders and while it has been buyback
focused it has actively begun looking into initiating a dividend.