LSI Corp. Raises Guidance on Better Enterprise Demand
Value Expectations submits:
LSI Corp. (NYSE:LSI) raised its Q1 adjusted EPS and revenue guidance last Wednesday, sending its shares up nearly 9% by the close. This newer guidance reflects better-than-expected strength in enterprise IT spending during LSI’s first quarter, which ends April 4th. CEO Abhi Talwalkar said,
as the majority of our revenues are tied to enterprise purchases of servers, data storage and networking infrastructure, we experienced strength across all product areas that exceeded our previous guidance.
Investing, Long Term Investment, stock market | admin March 22, 2010
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