{
  "docId": "019dd923-622b-71dc-a6d9-aa56741b6a55",
  "docSlug": "fade76df1897",
  "documentTitle": "DSP Group, Inc. (DSPG)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-05-13 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 28,
  "pageCount": 50,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "overcrowded",
  "nDataPoints": 2,
  "notes": "The slide uses a quote box to highlight the specific terms of the expired agreement.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "quote_block",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-aa56741b6a55/28",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-aa56741b6a55",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-aa56741b6a55.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-aa56741b6a55#slide-28",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.85,
        "x": 0.08,
        "y": 0.75
      },
      "kind": "callout",
      "text": "We have serious questions regarding whether the numerous interrelationships between the management team and Board of DSP and CEVA have contributed to DSP’s decision not to re-enter the licensing business in 2007 or later",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fadc6e8f-ba84-4aca-aade-ceb7738e7202",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "We have serious questions regarding whether the numerous interrelationships between the management team and Board of DSP and CEVA have contributed to DSP's decision not to re-enter the licensing business in 2007 or later",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b7-702e-9630-50d2f4e7bd0c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.85,
        "x": 0.08,
        "y": 0.55
      },
      "kind": "list",
      "text": "DSP currently has 168 patents and 98 patents pending.\nDSP has also stated, both publicly and privately, that it has a “Substantial IP Portfolio.”\nYet, DSP failed to re-enter the highly profitable licensing business after the noncompetition agreement with CEVA expired in 2007.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1c17364e-3c3a-4974-84d7-76a4c258ba99",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.85,
        "x": 0.08,
        "y": 0.22
      },
      "kind": "paragraph",
      "text": "According to CEVA’s Registration Statement on Form S-1 filed with the SEC on July 30, 2002, as amended, DSP and CEVA entered into a noncompetition and nonsolicitation agreement which stated that DSP would agree to not compete with CEVA for a period of five years:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a43546bb-cfa5-4b98-a157-81132a00bc3e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.8,
        "x": 0.1,
        "y": 0.35
      },
      "kind": "quote",
      "text": "DSP Group has agreed that for a period of five years from the distribution date, DSP Group will not, and will ensure that affiliates of DSP Group will not, directly or indirectly engage in any business which is competitive with the DSP cores licensing business",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "176fc006-5a00-457f-b86e-d628835b04f9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "DSP Group has agreed that for a period of five years from the distribution date, DSP Group will not, and will ensure that affiliates of DSP Group will not, directly or indirectly engage in any business which is competitive with the DSP cores licensing business — CEVA Registration Statement on Form S-1",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-78b7-702e-9630-542543cefd26",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.07,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: DSP publicly stated that it had a “Substantial IP Portfolio” in its August 2011 investor presentation.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "df869281-e71a-4fb8-a190-f54097de290f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.08,
        "y": 0.09
      },
      "kind": "title",
      "text": "The Non-Compete Agreement Between CEVA and DSP From The Spinoff Expired In 2007",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a0ae2d27-33d3-4aef-a77c-327a2e1caac0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "a885f63e-5d9d-432a-8ff2-988118d165ea",
      "evidence": "The slide explicitly questions the relationship between management and the board to explain a lack of competitive behavior.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 36,
      "from": 6,
      "beatId": "81006f69-47c8-46d7-990f-1be8bffe15d7",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "Slides 6-36 expose contradictions and critique DSP Group's management and board.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 36,
      "from": 6,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "461286b5-1828-4e59-8f68-0c15c27a66ab",
      "evidence": "The deck repeatedly highlights the consequences of not changing the board and management.",
      "position": 0,
      "objective": "The cost of inaction is further underperformance and value destruction.",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}