Note 15 - Related Party Disclosure

3 Months Ended

May 05, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

15

.           Related party disclosure

Thinh Q. Tran, the Company’s former President and Chief Executive Officer and a former member of the Board is the founder of V-Silicon International, Inc. which, during the

three

months ended

May 5, 2018,

acquired the Company’s Smart TV and Set-top Box businesses. The purchase agreement for the sale of these businesses was negotiated at arm’s length and only after the departure of Mr. Tran from the Company.

Martin Manniche, a member of our Board, also serves on the board of directors of Telechips Inc. with which we had a joint collaboration agreement to develop and commercialize a set-top box microprocessor SoC solution.  The agreement began in fiscal year

2016

and ended by mutual agreement in the

fourth

quarter of fiscal

2018.