Barron's Article Comments on LSI Corp (LSI); Sees Up To 50% Jump in Stock Price on New Products & Strong Mgmt

June 22, 2009 10:28 AM EDT

Barron's article makes comments on LSI Corp (NYSE: LSI)...

Positive highlights from the article include:

1) Gaining market share, should grow faster than its industry peers and sees strength in new products.

2) New "System-on-a-chip" products already scheduled for sales to Hitachi (NYSE: HIT), Seagate (NYSE: STX) & Intel (Nasdaq: INTC).

3) Positive comments from Raymond James analyst and Blackrock fund manager, Kevin Rendino.

4) Strong management, lead by LSI's CEO, a former Intel exec, who refocused the company and made two acquisition, of Agere and Infineon's hard-drive chip operation.

5) LSI now has no fabrication plants; it outsources production.

6) The company recently paid off some debt, and still has approx. $525 million in cash.

7) With digital content rising 50% a year, LSI's markets are growing fast.

Negative highlights from the article include:

1) Stiff competition - including Marvell Technology (Nasdaq: MRVL), PMC-Sierra (Nasdaq: PMCS), and Texas Instruments (NYSE: TXN).

2) Outsources production, but spending much more on R&D now.

3) 2009 sales are expected to be $2.08 billion, down from 2008 sales of $2.68 billion.

To see more analyst ratings on LSI Click Here.

LSI Corporation (LSI) designs, develops and markets semiconductors and storage systems. LSI provides silicon-to-system solutions that are used at the core of products that create, store, consume and transport digital information.

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