Starboard Value

Starboard Value as of June 30, 2011

Portfolio Holdings for Starboard Value

Starboard Value holds 15 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Zoran Corporation 16.5 $35M 4.1M 8.40
Extreme Networks (EXTR) 14.1 $30M 9.2M 3.24
SeaChange International 13.5 $29M 2.6M 10.78
SurModics (SRDX) 11.0 $23M 2.1M 11.10
Openwave Systems 9.2 $20M 8.5M 2.29
Wausau Paper 6.7 $14M 2.1M 6.74
DSP 5.8 $12M 1.4M 8.70
Aviat Networks 5.1 $11M 2.7M 3.94
Regis Corporation 4.9 $10M 679k 15.32
Advanced Analogic Technologies In 4.2 $8.9M 1.5M 6.06
IRIS International 4.2 $8.8M 884k 9.99
Regis Corp Minn note 5.000% 7/1 2.8 $6.0M 5.0M 1.20
Analogic Corporation 0.8 $1.7M 32k 52.59
Michael Baker Corporation 0.7 $1.4M 65k 21.12
Agilysys (AGYS) 0.6 $1.2M 142k 8.34