Storage Systems Business Increases in Q1

Seeking Alpha presents the earnings call transcript from the discussion by LSI on Q1 2011 results. Abhi Talwalkar, President and Chief Executive Officer; and Bryon Look, Executive Vice President and Chief Financial Officer discuss delivering revenue and non-GAAP EPS effectively, growth opportunities in the semi-conductor business, and financial results for continuing operations for the quarter. Look reports LSI’s server and storage semiconductor revenues, which include hard disk drive silicon, SAS standard components, RAID storage adapters and software and storage area network ICs were sequentially up $10 million or 3 percent to $336 million.