Despite lowering its Q4 net loss significantly and raising revenue year-over-year, one of Xperi Corp.’s largest shareholders has determined that these efforts are not enough and is calling for change on the company’s board of directors, citing what it calls a, “History of Underperformance, Poor Decision Making and Reckless Capital Allocation.”
Rubric Capital Management Managing Partner David Rosen said, “Xperi has built an attractive portfolio of innovative enablement technologies with significant monetization potential. Unfortunately, this potential has been all but squandered under the oversight of the current Board, and stockholders have paid the price.”
