{
  "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": 33,
  "pageCount": 50,
  "prevPage": 32,
  "nextPage": 34,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-aa56741b6a55/33",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-aa56741b6a55",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-aa56741b6a55.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-aa56741b6a55#slide-33",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The Overlap Between the Board and Legal Counsel of DSP and CEVA Raises Material Questions",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b7-702e-9630-d68b81207a9a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.84,
        "x": 0.08,
        "y": 0.21
      },
      "kind": "list",
      "text": "How have these DSP directors and outside counsel handled decisions that could benefit DSP, like re-entering the licensing business, when such decisions could directly affect and compete with CEVA?\nDid the Board, management team, and outside legal counsel of DSP consider re-entering the licensing business in 2007, or anytime after its non-compete with CEVA expired in 2007?\nIf those conversations took place, did DSP receive independent outside legal advice considering that DSP’s outside legal advisor was on the Board of CEVA?\nDid the Chairman and CEO of DSP, Eliyahu Ayalon, as well as the other DSP Board members who were also on the Board of CEVA recuse themselves during any negotiations as it pertained to re-entering the licensing business?\nIf DSP would have re-entered the licensing business in 2007, as it could have subject to the agreement with CEVA in 2002, would it still have needed to license IP from CEVA?\nDid the members of the DSP Board who are also on the Board of CEVA (Ayalon and Limon) recuse themselves from the decision to license the audio core from CEVA in order to build a chip for DSP’s HDclear product, versus either developing it themselves or licensing the HDclear technology instead?\nWas DSP’s outside counsel, Bruce Mann, who also happens to be on the Board of CEVA involved in any of the negotiations around licensing technology from CEVA for DSP’s HDclear product?\nWas Bruce Mann’s law firm, Morrison & Foerster LLP, involved in the negotiations on either side surrounding the HD Clear product?",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a1ba98a5-5bda-4cc3-8379-e4c6c2010a5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.84,
        "x": 0.08,
        "y": 0.09
      },
      "kind": "title",
      "text": "The Overlap Between the Board and Legal Counsel of DSP and CEVA Raises Material Questions",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "40b90bb3-1e5c-45cb-8bb7-d5a14a7e81bf",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "67915b24-60c2-40af-93d7-d7c453cc21d7",
      "evidence": "The slide explicitly questions the integrity of board and legal decisions due to conflicts of interest.",
      "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
}