{"id":89975,"date":"2013-10-24T11:27:48","date_gmt":"2013-10-24T09:27:48","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=89975"},"modified":"2013-10-24T11:30:09","modified_gmt":"2013-10-24T09:30:09","slug":"storage-chipmaker-revnues-decline","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/89975-storage-chipmaker-revnues-decline.html","title":{"rendered":"Storage chipmaker revnues decline"},"content":{"rendered":"<p>LSI Corp reported lower-than-expected revenue for the third quarter as demand for its storage chips fell, sending its shares down about 5 percent in extended trading.<\/p>\n<p>Revenue dropped about 3 percent to $607 million, missing the average market estimate of $611.4 million, according to Thomson Reuters I\/B\/E\/S.<\/p>\n<p>Net income slid to $36.5 million, or 6 cents per share, from $40 million, or 7 cents per share, a year earlier.<\/p>\n<p>On an ajusted basis, the company earned 17 cents per share.<\/p>\n<p>LSI&#8217;s chips are used in storage devices such as hard disks and flash drives.<\/p>\n<p>(Reporting by Aditi Shrivastava in Bangalore; Editing by Don Sebastian)<\/p>\n<h3 class=\"my-4\">More business news<\/h3>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/89963-war-erupts-over-stolen-tweets-business-day-tv-vs-cnbc-africa.html\">War erupts over \u201cstolen\u201d Tweets \u2013 Business Day TV vs CNBC Africa<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/89939-mtn-grows-data-subscribers-in-sa.html\">MTN grows data subscribers in SA<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/89931-former-apple-ceo-sculley-mulling-blackberry-bid.html\">Former Apple CEO Sculley mulling BlackBerry bid<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LSI Corp reported lower-than-expected revenue for the third quarter as demand for its storage chips fell, sending its shares down about 5 percent in extended trading.<\/p>\n","protected":false},"author":17,"featured_media":89981,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[22059,22061],"class_list":["post-89975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-chip-manufacture","tag-microschips"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/89975"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=89975"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/89975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/89981"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=89975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=89975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=89975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}