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LSİ Anonim Ortaklık Message Board

  • c757172 c757172 Oct 23, 2013 4:07 PM Flag

    Q3 2013: Missed on revenues, earniings in-line. Outlook: well below projections.

    Not good. Time ft replace the CEO. Talwalkar is all talk but no sustained performance. This is no longer acceptable.

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    • 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.”"

    • $19.5M for stock-based compensation. Given the performance of the company, this is not acceptable.

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