DSP Group, Inc. (DSPG)

Starboard Value · 2013-05
arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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Deck intelligence map

3
coverage by narrative range · generated from this deck JSON

Slide inventory

50
every slide · same image gating as the playbook
01
Slide 1
front_matter
02
Includes footnotes regarding data sources and historical context.summarize
03
This is a classic activist 'case for change' slide, outlining the specific grievances against the board and management.diagnose_problem
Open slide detailBeat · Problem
04
This is a classic activist deck slide framing the incumbent board as obstructionist and the new nominees as the solution.introduce_nominees
Open slide detailBeat · Problem
05
transition
Open slide detailBeat · Problem
06
The slide uses a combination of a summary returns table and three time-series line charts to demonstrate long-term underperformance.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
07
Includes a vertical dashed line marking a 'Starboard 13D Filing' event.diagnose_problem
Open slide detailBeat · AgitateLoop · Cost Of Inaction
08
The slide highlights the disconnect between high operating expenses and declining revenue, framing it as a management failure.diagnose_problem
Open slide detailBeat · AgitateLoop · Cost Of Inaction
09
Uses a dual-chart layout to contrast capital allocation (rising) against revenue performance (falling).expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
10
Uses a dual-chart layout to contrast capital allocation (spending) with market outcome (enterprise value decline).expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
11
The slide uses a red arrow annotation to emphasize the downward trend.diagnose_problem
Open slide detailBeat · AgitateLoop · Cost Of Inaction
12
Uses peer benchmarking to infer internal profitability metrics for a company that does not disclose them.compare_peers
Open slide detailBeat · AgitateLoop · Cost Of Inaction
13
Uses a comparison between actual DSP performance and hypothetical SiTel margins to illustrate the opportunity cost of R&D spending.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
14
The slide uses a table to contrast management guidance with actual results, calculating the absolute and percentage misses.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
15
Uses a before-after style comparison to highlight management's failure to execute.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
16
Uses red boxes to highlight the unrealistic market share growth and the resulting negative fully allocated operating income.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
17
Uses a red circle to highlight the specific contradiction in the 2012 forecast (13.0M vs 5.0M).expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
18
The chart on the right uses a 'goal post' metaphor to visualize the shifting target dates for revenue.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
19
The slide uses a classic activist investor 'strategic critique' structure, highlighting a specific management decision and providing three distinct reasons for name_villain
Open slide detailBeat · AgitateLoop · Cost Of Inaction
20
Uses a series of historical quotes to build a case of management failure/misleading statements.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
21
Uses a classic 'Commitment vs. Reality' framing to undermine management credibility.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
22
The slide uses a bulleted list to build a causal argument for board intervention.state_demand
Open slide detailBeat · AgitateLoop · Cost Of Inaction
23
transition
Open slide detailBeat · AgitateLoop · Cost Of Inaction
24
The slide uses a contrast-based argument, highlighting the nominees' past successes to emphasize the board's failure to utilize them.introduce_nominees
Open slide detailBeat · AgitateLoop · Cost Of Inaction
25
Uses a table to visually demonstrate the exclusion of specific directors.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
26
This is a classic activist 'villain' or 'conflict of interest' slide, using historical context to frame current governance issues.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
27
Uses a red box to visually highlight the specific individuals who serve on both boards or have dual roles.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
28
The slide uses a quote box to highlight the specific terms of the expired agreement.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
29
The slide uses a table to demonstrate overlapping board memberships and financial interests to question the independence of decision-making.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
30
Uses red trend lines to highlight the contrasting performance (118% increase vs 55% decrease).compare_peers
Open slide detailBeat · AgitateLoop · Cost Of Inaction
31
Uses a table to detail specific individuals and their realized gains to build a case of self-interest.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
32
The slide uses a bulleted list to detail governance concerns and strategic missteps.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
33
expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
34
The slide uses a table to contrast long board tenure with zero or negligible stock ownership to argue against board alignment with shareholders.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
35
preempt_rebuttal
Open slide detailBeat · AgitateLoop · Cost Of Inaction
36
Uses a before-after visual structure to highlight the evolution of the board's misleading communications.expose_contradiction
Open slide detailBeat · AgitateLoop · Cost Of Inaction
37
transition
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
38
The slide uses a 'problem-solution' structure, contrasting current R&D failures with the proposed oversight by independent nominees.propose_solution
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
39
The table highlights the discrepancy between revenue and operating profit/EBITDA, suggesting mismanagement of R&D and SG&A expenses.expose_contradiction
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
40
Uses a red box highlight to draw attention to the EBITDA comparison between the two companies.compare_peers
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
41
propose_solution
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
42
propose_solution
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
43
The slide uses a structured 'Scenario-Steps-Result' format for each case study.introduce_nominees
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
44
The slide uses a case study format to validate the nominee's credentials.introduce_nominees
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
45
The slide uses a structured 'Scenario-Steps-Result' format for each experience entry.introduce_nominees
Open slide detailBeat · SolutionLoop · Quick Win Big Bet
47
introduce_nominees
48
introduce_nominees
49
introduce_nominees