Calgary, Alberta-based LSI Logic Corp of Canada Ltd is to sell its LSI Logic Corp of Korea back to its majority shareholder LSI Logic Corp of Milpitas, California; terms were not disclosed; LSI Korea represents about 10% of the Canadian’s consolidated revenues, and has been operated by LSI Canada since 1987 and has incurred small […]
Calgary, Alberta-based LSI Logic Corp of Canada Ltd is to sell its LSI Logic Corp of Korea back to its majority shareholder LSI Logic Corp of Milpitas, California; terms were not disclosed; LSI Korea represents about 10% of the Canadian’s consolidated revenues, and has been operated by LSI Canada since 1987 and has incurred small operating losses every year since its inception; it is being sent back to headquarters because the local board felt that it was distracting management’s attention from the Canadian market.
