LSI reported second quarter 2007 revenues of $670 million, compared to $490 million in the second quarter of 2006 and $465 million in the first quarter of 2007. LSI second quarter financial results reflect the integration of the former Agere Systems. The company's merger transaction with Agere closed on April 2, 2007. Second quarter 2007 GAAP net loss was $378 million, compared to second quarter 2006 GAAP net income of $54 million. Second quarter GAAP results compare to first quarter 2007 GAAP net income of $30 million.