March 28, 2008 / 2:04 AM / 10 years ago

Tessera says US ITC overturns stay order

NEW YORK, March 27 (Reuters) - Tessera Technologies Inc TSRA.O on Thursday said the U.S. International Trade Commission has overturned an administrative judge’s decision to stay a patent infringement case against Motorola Inc MOT.N, Qualcomm Inc (QCOM.O), Freescale Semiconductor Inc and others.

San Jose, California-based Tessera said it received notice of the reversal from the ITC’s general counsel. It said it expects to receive written confirmation of the decision soon.

Tessera’s complaint was centered on computer chips used in mobile phones, computers and digital cameras.

Shares of Tessera fell 34 percent on Feb. 26, the day it announced the stay by an ITC administrative law judge. It said the stay came after the defendants sought to dismiss the case in light of three actions by the U.S. Patent and Trademark Office regarding a reexamination of three Tessera patents.

Tessera shares have since fallen another 32 percent, closing Thursday down 40 cents at $16.49. (Reporting by Jonathan Stempel; Editing by Gary Hill)

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