GO
Loading...

LSI CEO on Defying the Tech Sector

Wednesday, 23 May 2012 | 6:47 PM ET
LSI CEO: Flash Marketplace Growing Very Rapidly
Abhi Talwalker, president & CEO of LSI, says the company's flash revenues are growing 150% this year.

After a rough ride on Wall Street Wednesday, it might be worth looking at some stocks in out-of-favor sectors that are defying the trend, Jim Cramer said Wednesday on CNBC's "Mad Money."

Take semiconductor maker LSI Corp, for instance. Despite the declining tech sector, LSI has managed to profit from powerful secular trends. Cramer said the chipmaker has actually benefited from the explosion of digital information, or “data deluge,” as LSI calls it.

The Milpitas, Calif.-based company makes chips for hard drives, servers and storage systems for storing data, as well as the hardware needed to transport data. In turn, LSI’s products allow mobile networks and data centers to operate on the cloud, which Cramer considers the future of technology.

LSI's stock is currently up 14 percent year-to-date, but it has suffered losses in the past few months. The company also released quarterly earnings that beat analyst expectations.

Is LSI a bargain at current levels then? To find out, Cramer spoke with Abhi Talwalkar, president and CEO of LSI. Watch the video to see the entire interview.

Read on for Cramer's Top Dividend Stocks

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
LSI
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.