The following is half-true. The macroeconomic environment is almost always challenging. Is LSI losing ground to the competition? LSI remains "well positioned" forever, always expecting "future growth".
It is time to get a fresh CEO that will take the company to the next level. Talwalkar has produced little shrareholder value but for himself.
“In a challenging macroeconomic environment we delivered solid third quarter results, with revenues growing sequentially from products for flash and networking as well as hard disk drives,” said Abhi Talwalkar, LSI’s President and CEO. “While our end markets are mixed, with near-term growth below earlier expectations, our outlook for future growth driven by the massive expansion in data and traffic in datacenters and mobile networks remains intact and we are well positioned to see growth as these markets improve.”"