Oppenheimer Maintains Perform on DSP Group

Oppenheimer reiterates its Market Perform rating on DSP Group, Inc. DSPG as company's problem of declining sales of cordless home phones is exacerbated by the global slowdown. Upon a meeting with the company's CEO, Oppenheimer comments, “Our general takeaway from the meeting is that management continues to work diligently to balance delivering immediate shareholder value with investing in long-term opportunities—hence we see DSPG as being stuck between a rock and hard place. We believe DSPG is weighting the scale toward investment. While the effort is commendable and the new products admirable, we question DSPG's ability to lead in next generation offerings.” DSPG closed down 1,19 percent at $5.81 per share on Tuesday.