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LSI Spikes on Earnings, but Will It Last?
In mid-January, LSI Corp (LSI) announced that it had shipped over 1 million MegaRAID solutions to retailers worldwide. LSI's MegaRAID is groundbreaking, and supports both Serial Attached SCSI (SAS) and Serial Advanced Technology Attachment (SATA) protocols, something that is very desirable in the market today.
The industry leader had as rocky a 2007 as the rest of the chip stock sector, with stock prices ranging from $3.75 to $10.68. The big news for LSI, which sent stock prices soaring, was its 4th quarter revenue report, which brought news the mega chipmaker beat not only Wall Street analysts' expectations, but also its own guidance for the last quarter. With such good news from 4th quarter, and excellent guidance issued for the first quarter, why is LSI still not too favorable with investors? It seems like the chip sector is just undesirable right now, and has a long way to go before this "cheap stock" can finally live up to its money-making potential.
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