LSI Logic: Consumer Chips Ripe for Consolidation
LSI's top-line growth is currently under 5%.
There's a number of puts and takes because the company is in transition. If you look at our storage business in the third quarter, the overall storage business grew 15% to 17% year over year.
The best way to measure whether our strategy is working, is "are we growing faster than the market in our focus segments?" In storage we can say that across the board, from systems to silicon. In consumer, until we get that level of scale, we're still going to have a little bit of ... not unpredictability, but it's going to be dynamic.
What level of growth is LSI aiming for?Companywide what we've said publicly is that we need to grow our top line and our bottom line on a consistent basis at a double-digit level. Is this achievable next year, or is it a long-term goal? I think it's more near term vs. long term. This isn't something that's five years out. We need to start producing that kind of growth rate pretty soon. LSI is often cited as a company that has the traits sought by private-equity firms. What are your thoughts on private equity's recent appetite for semiconductor firms? There's a ton of money out there, and some of
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