Analyst Research

Report Title Price
Provider: Wright Reports
$75.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Wright Reports
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

STATS ChipPAC Ltd Announces Signing Of Definitive Agreement Which Settles Litigation With Tessera, Inc; Raises Q4 2012 Guidance


Monday, 28 Jan 2013 06:59pm EST 

STATS ChipPAC Ltd announced that it has signed a definitive Patent License and Settlement Agreement with Tessera, Inc. (the Agreement). This Agreement results in the dismissal of all claims and counterclaims between Tessera, Inc. and STATS ChipPAC and its subsidiaries STATS ChipPAC, Inc. and STATS ChipPAC (BVI) Limited and ends the patent litigation between the companies. The Company also updated its fourth quarter 2012 guidance and expects net revenues to be approximately $480 million, an increase of approximately 18% compared to the prior quarter due to demand in advanced packaging and test services for high end smartphones and tablets. As a result of the Agreement, the Company expects adjusted EBITDA to be approximately 21% of revenue. 

Company Quote

29.49
-0.34 -1.14%
19 Sep 2013