* Sees Q2 revenue of $74 mln-$75 mln
* Sees Q2 micro-electronics revenue of $65 mln-$65.5 mln
June 2 Chip technology developer Tessera
Technologies Inc TSRA.O raised its second-quarter revenue
outlook on better-than-expected royalties from some of its
micro-electronics customers and increased sales of its
The company, which licenses chip technology to a host of
companies including Intel Corp (INTC.O), Sony Corp (6758.T) and
Siemens AG (SIEGn.DE), expects second-quarter revenue of $74
million to $75 million.
The company had previously forecast second-quarter revenue
of $67 million to $70 million.
Analysts expect revenue of $68.6 million, according to
Thomson Reuters I/B/E/S.
Tessera expects its micro-electronics revenue to be between
$65 million and $65.5 million, up from its prior forecast of
about $58.5 million to $60.5 million.
Shares of the San Jose, California-based company closed at
$16.87 Tuesday on Nasdaq.
(Reporting by Manasi Phadke in Bangalore; Editing by Vinu