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LSI Local Solutions history
LSI Local Solutions company history timeline
It put in an offer for part of Symbios Inc., a Colorado-based chip maker that had recently changed hands several times. It paid $106 million for SEEQ Technology, Inc. in 1999, a California firm that was a leading designer of data communications devices specifically for the networking market.
New Purchases and Product Lines: 2000 and Beyond
In 2000, two top executives at LSI, including John Daane, considered the likely successor to founder Wilfred Corrigan, resigned in order to take jobs at other firms.
By the last month of 2000, it was clear that the semiconductor market as a whole was skidding.
The year 2000 had been a profitable one for LSI, despite the second quarter bobble.
Corrigan had been through many ups and downs in the semiconductor industry, and by late 2002 he told Electronic Engineering Times (October 28, 2002) that the market was about to rebound.
In 2002, Thibaut was asked to become a presenter for Market Watch, the region’s most comprehensive real estate event, providing Southwest Florida with valuable insights into the local residential, land and commercial real estate industries.
The company planned to spin off a fourth business area, storage systems, as the public company Engenio Information Technologies, Inc., in 2004.
By 2006, the company had grown to 13 employees and had been involved in the creation of dozens of residential projects in Southwest Florida.
The market and business continued to rise until the real estate slowdown started in late 2006, presenting Land Solutions with challenges as investor speculation and aggressive lending practices created an oversupply of new home inventory and overpriced land.
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LSI Local Solutions may also be known as or be related to LSI Local Solutions, LSI, Local Solutions, Lsi Local Solutions and ServiceLink IP Holding Company, LLC.