Title Valuation?
How much is $450 LSI? Is that a lot?
Wow! Didn’t see that one coming; Seagate has scooped up the LSI flash business from Avago, rewriting the flash product supply business at a stroke, and speeding the concentration of flash product supply into fewer hands. Avago bought LSI in December 2013 for a cool $6.6 billion. Now Seagate will buy LSI’s flash biz, the …
My mind boggles at how a nice real company that actually makes something it can sell and (potentially) profit from, (such as LSI) can be sold / brought for as little as £450m, where as something that has no (real) product, and no discernible revenue stream (whatsapp / instagram etc) can be sold / brought for beeeelions.
by Avago ( 'ave a go, won't you?), just like Lumileds a few years back....wonder if they made any money off the deal? If it goes like the LED stuff did, look for it to take off big time...good for Seagate and the folks at LSI, though....
(As Spock might say, LSI, the logical move....) (gets me coat...)