DSP Group, Inc Sells its Equity Shares in Nexus Telecommunication Systems Ltd. for Q2 Gain
SANTA CLARA, CALIFORNIA -- April 2, 1998 -- DSP Group, Inc. (NASDAQ: DSPG) today announced the sale of its equity share in Nexus Telecommunication Systems Ltd. (NASDAQ: NXUSF).
The Company sold all of its common stock in Nexus Telecommunication Systems Ltd. As a result of this sale the Company will record a net gain of approximately $1.1 Million or $0.1 per share (diluted) in the second quarter of 1998. Following this transaction the company no longer holds any equity share in Nexus.
DSP Group, Inc. is a leader in the development and marketing of high-performance, cost-effective digital signal processing cores used in a wide range of applications for industries such as wireless communications, telephony and personal computing. By combining its DSP core technology with its advanced speech processing algorithms, DSP Group also delivers a wide range of enabling application-specific DSPs
Dir. Investor Relations
DSP Group, Inc.