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LSI Swings to Profit (Update)

Stock quotes in this article: LSI , ISIL , DELL , IBM , JAVA , STX  

SAN FRANCISCO -- LSI(LSI Quote) swung to a profit in the third quarter, as healthy demand for its hard-drive and networking chips and restrained spending boosted the company's bottom line.

Like just about every chipmaker in recent weeks, LSI said sales in the current quarter will decline sequentially.

The company said sales in the fourth quarter will range between $670 million and $710 million, a decline of 0.5% to 6% from the third quarter. ...

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