I dont know if it makes much difference, says analyst Steve Berg of Punk Ziegel & Co. For the first year, everybodys going to call it, Engenio, formerly known as LSI Logic Storage. The idea behind the change is that theyre a separate company and they need a separate name.
LSI Storage sells SAN arrays to IBM Corp. (NYSE: IBM), Storage Technology Corp. (StorageTek) (NYSE: STK), the Teradata division of NCR Corp., and Silicon Graphics Inc. (SGI) (NYSE: SGI).
According SEC filings, LSI Storage generated $426 million in revenue in 2003, which represents a profit of $15.7 million, or $0.31 per share. The parent company lost $308.5 million, or $0.82 per share, for 2003 on revenue of $1.69 billion.
Dave Raffo, Senior Editor, Byte and Switch
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