Tessera Technologies, Inc. (Nasdaq:TSRA), a leading provider of
miniaturization technologies for the electronics industry, today
provided a status update regarding its wireless International Trade
Commission (ITC) action.
Tessera has been informed by the Administrative Law Judge (ALJ) that a
five-day hearing has been tentatively scheduled to begin on July 14,
2008, in the company’s action against
Motorola, Freescale, Qualcomm and others. According to the ALJ’s
new schedule, an Initial Determination on the merits of Tessera’s
claims is expected be issued no later than October 20, 2008. The ALJ has
requested the ITC expedite its review of this new schedule.
About Tessera Technologies, Inc.
Tessera is a leading provider of miniaturization technologies for the
electronics industry. Tessera 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 Stock Market under the symbol TSRA. Tessera is
headquartered in San Jose, California. 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 and its Quarterly Report on Form 10-Q for the quarter ended March
30, 2008, 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.
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