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  "documentTitle": "DSP Group, Inc. (DSPG)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2013-05-13 00:00:00",
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      "text": "We believe that HDClear may represent a best in class noise cancellation technology algorithm and that DSP should be actively looking to license this technology to smartphone companies, rather than, or in addition to, building a chip.",
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      "text": "While certain companies, like Audience, have shown success in building a chip, it is also important to note that in addition to having noise cancellation software algorithms, Audience also has leading assistant speech recognition, wideband voice support, and many other features necessary to develop a chip.",
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      "text": "In addition, we recognize that Audience has spent almost $70 million in the last three years alone developing a chip and did not achieve profitability until 2010 when the company generated almost $50 million in revenue.",
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      "text": "We believe that HDClear may represent a best in class noise cancellation technology algorithm and that DSP should be actively looking to license this technology to smartphone companies, rather than, or in addition to, building a chip.",
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      "text": "While we believe that DSP's HDClear technology could be a very valuable solution, we believe that the Company must also consider licensing opportunities for its product and more fully determine whether it actually has all of the necessary features to build a competitive and differentiated chip.",
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      "text": "Consider licensing the HDClear (Bonetone) technology:",
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      "text": "Our Independent Nominees Have a Better Plan to Create Value",
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