Dallas, Texas 10/17/2013 (Financialstrend) – On the sidelines of VMWORLD 2013 being held in Barcelona, LSI Corp (NASDAQ:LSI) has announced the launch of “LSI(R) Nytro(TM) XD Application Acceleration Storage Solution”. This refurbished solution come with integrated support for the virtualization software originating from VMware Corp. The high light of the solution is the packaging of the “Nytro XD solution with VMware support software” into a flash card. This flashcard will also be embedded with caching software which is optimized to work in a VM environment. The Nytro XD is designed to cut down storage related inefficiencies which crop up in an in virtualized environment. It also provides an intelligent caching mechanism which allows the solution to track and store frequently used data in the flash card. This in turn quickens the application response time. The solution biggest USP is that it can seamlessly be integrated into a VMware setup without any latency or compatibility issues.
The $4.3 billion LSI Corporation manufactures semiconductors and software which go into the making of storage and network infrastructure in data centers. The solutions are geared towards enhancing application availability and performance. The stock is covered by the S&P 500 index.
The semiconductor and tech firm is slated to announce its 3Q results on October 23. Over the past 12 months, it has recorded sales of $2.38 billion resulting in net income of $105 million. It has paid out dividend of $0.12 per share over the past 12 months leading to a 1.53% dividend yield for past 12 months. When trading stopped on October 16, its share was trading at $7.84 up 2.68% from its previous day close. Over the past week, the stock has appreciated by 4.6%. Investors who bought the stock 12 months back would have seen their investment appreciate by 22% as of today’s valuations. Investors would be hoping for improved sales in comparison to 2Q when 3Q results get announced later next week.