Starboard Delivers Letter To ISSI; Believes Company Undervalued - Quick Facts

(RTTNews) - Starboard Value LP, together with its affiliates, director nominees, and Oliver Press Partners, LLC, or the "Starboard Group", the second largest shareholder of Integrated Silicon Solution Inc. (ISSI) with ownership of approximately 8.0% of the Company's outstanding common stock, announced that the Starboard Group has delivered a letter to Scott Howarth, ISSI's President and Chief Executive Officer, and ISSI's Board of Directors.

The Starboard Group also announced that Starboard submitted a letter to the Company on November 28, 2014 nominating five candidates for election to the Board of Directors at the Company's 2015 Annual Meeting.

The Starboard Group said in the letter that it believes the company is meaningfully undervalued and that substantial opportunities exist to create shareholder value. It stated that the company's non-core initiatives are distracting from the company's profitable and growing core specialty memory business.