|[February 27, 2013]
Tessera and AMD Settle Pending Litigation
SAN JOSE, Calif. --(Business Wire)--
Tessera Technologies (News - Alert), Inc. (NASDAQ: TSRA) (the "Company" or "we")
announced today that its Tessera, Inc. subsidiary has entered into an
agreement settling all pending litigation with Advanced Micro Devices,
Inc. ("AMD (News - Alert)").
"We are glad to see AMD join us in moving beyond this litigation," said
Bernard "Barney" Cassidy, president, Tessera Intellectual Property Corp.
The specific financial terms of the agreement are confidential. Tessera,
Inc. and AMD agreed to dismiss claims and counterclaims between the two
parties relating to Tessera, Inc.'s patent infringement claims pending
in the United States District Court, Northrn District of California.
The Company is not providing additional financial guidance in connection
with this agreement.
About Tessera Technologies, Inc.
Tessera Technologies, Inc. is a holding company with operating
subsidiaries in two segments: Intellectual Property and DigitalOptics.
Our Intellectual Property segment, managed by Tessera Intellectual
Property Corp., generates revenue from manufacturers and other
implementers that use our technology. Our DigitalOptics business
delivers innovation in imaging systems for smartphones. For more
information call 1.408.321.6000 or visit www.tessera.com.
Tessera, the Tessera logo, DOC, the DOC logo, the mems|cam logo,
Invensas, and the Invensas logo are trademarks or registered trademarks
of affiliated companies of Tessera Technologies, Inc. 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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