DSP Group Acknowledges Receipt of Letter From Starboard Value LP
SAN JOSE, Calif., Aug 23, 2011 (GlobeNewswire via COMTEX) --
DSP Group(R), Inc. (Nasdaq:DSPG), a leading global provider of wireless chipset solutions for converged communications at home, today noted it has received and reviewed a letter from Starboard Value LP and Starboard's related filing with the SEC.
The Board of Directors of DSP Group and the company's management are committed to, and fully focused on, building shareholder value. Management and the Board firmly believe DSP Group is well positioned to do so, given its strong relationships with all of its major customers; recent wins with major global OEMs; market opportunities; and the company's consistent track record of returning cash to shareholders.
DSP Group looks forward to a continued dialogue with all shareholders to demonstrate how its strategy will create superior value, in keeping with the best long-term interest of the company's investors.
About DSP Group
DSP Group, Inc. (Nasdaq:DSPG) is a leading global provider of wireless chipset solutions for converged communications at home. Delivering system solutions that combine semiconductors and software with reference designs, DSP Group enables consumer electronics (CE) manufacturers to cost-effectively develop new revenue-generating applications with fast time to market. At the forefront of semiconductor innovation and operational excellence for over two decades, and with a growing share of the wireless home telephony market, DSP Group provides a broad portfolio of wireless chipsets integrating DECT, Wi-Fi, PSTN and VoIP technologies with state-of-the-art application processors. Enabling converged voice, audio, video and data connectivity across diverse consumer products -- from cordless and VoIP phones to home gateways and connected multimedia screens -- DSP Group proactively partners with CE manufacturers to shape the future of converged communications at home. For more information, visit www.dspg.com.
The DSP Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6171
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: DSP Group, Inc.
CONTACT: Victor Halpert, Director of Investor Relations Tel: +1 917 602 2965 Email: firstname.lastname@example.org