Tessera Informed That International Trade Commission Overturns Stay Order
Tessera's Case Against Motorola, Freescale, Qualcomm and Others
Expected to Go Forward
SAN JOSE, Calif.--(Business Wire)--
Tessera Technologies, Inc. (Nasdaq:TSRA), a leading provider of
miniaturization technologies for the electronics industry, was orally
informed today by the General Counsel's Office of the U.S.
International Trade Commission (ITC) that the ITC has overturned the
recent decision of the Administrative Law Judge to stay Tessera's
wireless ITC action against Motorola, Freescale, Qualcomm and others.
Tessera has not yet received the ITC's written notice announcing this
decision, but expects that the written notice will be available
shortly.
About Tessera
Tessera Technologies, Inc. is a leading provider of
miniaturization technologies for the electronics industry. The company
provides a broad range of advanced packaging, interconnect, and
consumer optics solutions which are widely adopted in high-growth
markets including consumer, computing, communications, medical and
defense electronics. Tessera's customers include the world's top
semiconductor companies such as Intel, Samsung, Texas Instruments,
Toshiba, Micron and Infineon. The company's stock is traded on the
Nasdaq National Market under the symbol TSRA. Tessera is headquartered
in San Jose, California. For information call 1.408.894.0700 or go to
www.tessera.com.
Safe Harbor Statement
This press release contains forward-looking statements, which are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ
significantly from those projected. Material factors that may cause
results to differ from the statements made include delays, setbacks or
losses relating to our intellectual property or intellectual property
litigations, or any invalidation or limitation of our key patents;
fluctuations in our operating results due to the timing of new license
agreements and royalties, or due to legal costs; changes in patent
laws, regulation or enforcement, or other factors that might affect
our ability to protect our intellectual property; the risk of a
decline in demand for semiconductor products; failure by the industry
to adopt our technologies; competing technologies; the future
expiration of our patents; the future expiration of our license
agreements and the cessation of related royalty income; the failure or
refusal of licensees to pay royalties; failure to achieve the growth
prospects and synergies expected from acquisition transactions; and
delays and challenges associated with integrating acquired companies
with our existing businesses. You are cautioned not to place undue
reliance on the forward-looking statements, which speak only as of the
date of this release. Tessera's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for the
year ended December 31, 2007, include more information about factors
that could affect the company's financial results.
Tessera and the Tessera logo are registered trademarks of Tessera.
All other company, brand and product names may be trademarks or
registered trademarks of their respective companies.
Tessera Technologies, Inc.
Charlie Webster, 408-894-0700
Chief Financial Officer
or
Moriah Shilton, 408-952-4356
Investor Relations
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