LSI To Acquire SiliconStor

LSI Logic Corp. (NYSE: LSI) has agreed to acquire SiliconStor Inc., a Fremont, Calif.-based provider of silicon solutions for enterprise storage. The deal is valued at around $55 million in cash, and is expected to close later this quarter. SiliconStor has raised over $17 million in VC funding from firms like APV Technology Partners and VSP Capital. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />