LSI Corporation was founded under the name of LSI Logic in 1981 by Wilfred Corrigan, Bill O'Meara, Rob Walker and Mitchell "Mick" Bohn. On April 2, 2007, LSI completed its merger with Agere Systems, and rebranded the firm from LSI Logic Corporation to LSI Corporation. Abhi Talwalkar is the current President and CEO of the company.
LSI is a semiconductor firm that offers standard and customized integrated circuits that support applications in enterprise storage and networking. It also provides external storage systems and software applications for storage area networks. The company outsources most of its chip production, testing, and assembly to third-party vendors. It markets its products through direct sales and distributors to clients in the U.S. and overseas.
We bought LSI because the stock was rated as one of the top ten stocks on MSN money. Also because LSI produces circuits that can then be sold to third party vendors which in our technological age is extremely important. These circuits could be responsible for the next technilogical breakthrough.
Our group bought a total of 500 shares on 1/25/2010 at $5.81. We sold all 500 shares on 3/17/2010 at $5.97. We sold all of our shares at one time because the stock was going up and down 1 or 2 cents everyday or no movement at all. When it finally jumped to 16 cents profit we sold it all.
Technologys ok
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