Tessera Technologies, Inc. (NASDAQ:TSRA) announced today that Bernard J.
"Barney” Cassidy, senior vice president and general counsel, has been
promoted to executive vice president and general counsel.
"In the 12 months since he joined Tessera, Barney’s judgment and
leadership have had a beneficial, company-wide impact,” said Henry R.
Nothhaft, CEO and president of Tessera. "He has refocused the Legal
department into a more effective and strategic group, while working
tirelessly on getting our voice heard in Washington on patent reform and
other public policy matters of importance to innovation companies.”
Cassidy joined Tessera from Tumbleweed Communications Corp., an
enterprise software company, where he was senior vice president and
general counsel until the company was acquired by Axway, Inc. Prior to
Tumbleweed, Cassidy practiced law both at Wilson, Sonsini, Goodrich and
Rosati in Palo Alto, California, and at Skadden, Arps, Slate, Meagher
and Flom in San Francisco, California.
Cassidy holds a J.D. from Harvard Law School, where he was an editor of
the Harvard Law Review and a research assistant to Professor
Arthur R. Miller. Immediately after law school he served as a law clerk
to the Honorable John T. Noonan, Jr. of the U.S. Court of Appeals for
the Ninth Circuit in San Francisco, California. He also holds a M.A. in
Philosophy from the University of Toronto and a B.A. in Philosophy from
Loyola University.
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, particularly with respect to any
continuing relationship between Tessera and Mr. Cassidy, as well as Mr.
Cassidy’s impact on Tessera or public policy matters. 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,
2008 and its Quarterly Report on Form 10-Q for the quarter ended
September 30, 2009, include more information about factors that could
affect the company's financial results. Tessera assumes no obligation to
update information contained in this press release. Although this
release may remain available on Tessera's website or elsewhere, its
continued availability does not indicate that Tessera is reaffirming or
confirming any of the information contained herein.
About Tessera
Tessera Technologies, Inc., invests in, licenses and delivers innovative
miniaturization technologies for next-generation electronic devices. The
company’s micro-electronics solutions enable smaller,
higher-functionality devices through chip-scale, 3D and wafer-level
packaging technology, as well as high-density substrate and silent air
cooling technology. Tessera’s imaging and optics solutions provide
low-cost, high-quality camera functionality in electronic products and
include image sensor packaging, wafer-level optics and image enhancement
intellectual property. The company also offers customized micro-optic
lenses, from diffractive and refractive optical elements to integrated
micro-optical subassemblies. Tessera licenses its technologies, as well
as delivers products based on these technologies, to promote the
development of the supply chain infrastructure. The company is
headquartered in San Jose, California. For information call
1.408.321.6000 or go to www.tessera.com.
Tessera and the Tessera logo are trademarks or registered trademarks of
Tessera, Inc. or its affiliated companies in the United States and other
countries. All other company, brand and product names may be trademarks
or registered trademarks of their respective companies.
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