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May 29, 2014
16:19 EDTAVGOAvago says Q2 results do not include operating results of LSI Corporation
Avago said its Q2 financial results do not include any operating results of LSI Corporation which the company acquired on May 6. CEO Hock Tan said, "In the second fiscal quarter of the year, our wireless business came in significantly above our expectations due to strong product ramps for our FBAR-related products into multiple Asian Smartphone OEMs. We also saw a resurgence in Industrial re-sales through our distributors, especially in Europe and Japan. The third quarter marks a transformative event in Avago's history as we completed the acquisition of LSI, creating a substantially larger company with a much more diversified and balanced mix of end markets."
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