LSI Corp. (NYSE:LSI) shares rose $0.15, or 2.27%, to $6.77 today after the company announced that it would sell its Mobility Group to Infineon for up to $500 million. The move marks yet another milestone in a restructuring effort that had many shareholders questioning the chief executive. Shareholders now seem ready to embrace the company's turnaround as it narrows its focus going forward.

The sale of LSI's Mobility Group should allow the company to increase its focus on its own businesses - particularly, the integration of integrated storage specialist Agere Systems which it acquired in December for $4 billion. The sale will also save the company about $25 million in expenses next year while infusing it with cash, despite the fact that the transaction went through at only a 1.7x multiple.

Analysts remain divided on the stock with some taking a very bullish stance and others taking a very bearish stance. All seem to agree that the sale of its Mobility Division was a move in the right direction; however, many insist that the company may continue to face troubles with its integration that led to a few missed quarters in the past. Regardless, this is definitely a stock worth watching!

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