LSI Corporation (NYSE:LSI) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call.
Hard Disk Drive Business
Vivek Arya – Bank of America: Abhi, if you look at the December quarter, can you give us a sense of what your share was in hard disk drive SoCs and how you see that changing in 2013? I think there was some expectation that you would start shipping into Western Digital last quarter. And if you did, is there a specific product that you were shipping into?
Abhi Talwalkar – President and CEO: Well relative to share in the fourth quarter, we don’t break our share out on a quarterly basis. I’ll just go back to some of the prepared commentary relative to our hard disk drive business. In general our hard disk drive business in Q4 behaved as expected. However, we did see strength in our enterprise and our desktop SoC shipments in the fourth quarter as we sort of exited the fourth quarter. And I also said that as we look at our overall mix exiting the fourth quarter, 90% or more of our HDD shipments were enterprise or desktop. We do believe that the Q1 quarter is our trough quarter as we go forward relative to the HDD marketplace. And assuming the HDD TAM is flat to up from flat, we should benefit from that.
Vivek Arya – Bank of America: And then the competitive position and consumer flash controller, your flash processors, I think over the last year the competitive landscape has expanded. I mean you had traditional companies like Marvell but now there are also several large OEMs and even the NAND vendors themselves who have spoken about in-house solutions. Can you give us a sense for how that market is evolving from a competitive perspective?