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Shh! Stop saying that! Related Topics Tech » Media » SAN FRANCISCO | Wed Oct 24, 2012 4:31pm EDT SAN FRANCISCO (Reuters) - Chipmaker LSI (LSI.N) forecast on Wednesday revenue below expectations as slow PC sales and a weak economy hurt demand for storage controllers. The company posted third-quarter revenue from continuing operations of $624 million, up 14 percent from the year-ago period. It estimated current-quarter revenue would be between $570 million and $610 million. Analysts were expecting revenue of $637 million for the third quarter and $648 million for the current quarter, according to Thomson Reuters I/B/E/S. LSI gets about a third of its revenue from selling chips used in hard drives. It also sells chips for solid-state drives, networking and enterprise servers. Sales of personal computers, which use hard drives made with chips sold by LSI, have been hit by a weak global economy and a shift by consumers toward tablets and smartphones. Third-quarter income from continuing operations rose to $40 million, or 7 cents a share, compared with $29 million, or 5 cents a share, in the same quarter last year. Non-GAAP income per share from continuing operations was 17 cents, in line with expectations. LSI said non-GAAP income per share from continuing operations in the fourth quarter would be between 11 cents and 17 cents. Shares of LSI were unchanged in extended trading after closing down 2.48 percent at $6.29. (Reporting By Noel Randewich. Editing by Andre Grenon) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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