Oppenheimer Reports In-Line 2Q11 Results On DSP

According to Oppenheimer, DSP Group

reported in-line 2Q11 results on July 26th. Oppenheimer said that the bigger news from the earnings press release and subsequent call with management was the negative guidance change. “We are unsure at this time whether this is a one-time-like event that resets the bar lower or a symptom of a faster than expected deterioration in the cordless telephony market.” DSP Group closed yesterday at $7.77.