CompanyStats

LSI
  • HQ: Milpitas, CA
  • 2008 Revenues: $2.7 billion
  • Employees: 5,488
  • Global: 17 countries
  • Fortune 500: 737

CEOExtra

“The best management advice I ever got is ‘People are everything,’” says LSI Corp. CEO Abhi Talwalkar. “Do not hesitate or hope for change to replace a person when your gut has repeatedly told you that a person is simply not going to get the job done. Results are very distinguishable between ‘A’, ‘B’ and ‘C’ players, especially when they are in the wrong jobs.” On another personal note, Talwalkar says that the best job he ever had is the one he currently has: president and CEO of LSI. “I found myself reinvigorated, full of confidence, and enjoying the rapid change I was able to drive,” he says. “I enjoy helping the company transform itself.”

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You can’t recover from a downturn with a hollow pipeline of products in technology,” says Abhi Talwalkar, president and CEO of LSI Corp. (LSI), a storage and networking solutions company based in Milpitas, Calif., that reported 2008 revenues of $2.7 billion. In fact, “the pipeline we have now is the richest we’ve ever had,” he says, and includes next-generation storage systems, hard-disk-drive technologies and network processors.

Talwalkar says it’s important to play offense in a difficult economic climate. “When talking with investors, we’re driving home two points,” he says. “The first is that they don’t have to worry about LSI’s solvency or whether we’ll be around in two years or 10. The second is that we have customer commitments for our products and solutions that will provide strong top-line growth over the next few years.”

“You can't recover from a downturn with a hollow pipeline of products in technology. The pipeline we have now is the richest we’ve ever had.”

Marketing itself as a company that can meet even more of its customers’ needs is also key for LSI. For example, LSI can offer its networking customers the hardware and software necessary to handle voice and video traffic, network security, and advanced network traffic management and processing. Most of LSI’s competitors, Talwalkar says, focus on only one of these areas. “It gives our customers the advantage of a ‘one neck to choke’ approach and a lower cost of ownership,” he says, “while giving us a bigger piece of the business.”