Exciting things are happening in the small-cap semiconductor arena. An activist value fund has launched a proxy fight to oust the board of DSP Group (DSPG), a leading Israeli-based fabless system-on-chip ("SoC") semiconductor company, which is a global provider of wireless chipset solutions for converged communications, having 20 years of experience, strong legacy products and dominant market position in its core segments, but has struggled to offset falling legacy sales with enough revenue from new products. The stock fell sharply in 2009, massively destroying shareholder value, and because the company traded more or less sideways since then, DSP has not managed to recoup almost any of the pre-2009 value.
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