SAN JOSE, Calif. — (BUSINESS WIRE) — February 27, 2013 — Tessera Technologies, 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”).
“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, Northern 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.
Tessera Technologies, Inc.
Rick Neely, 408-321-6756
Chief Financial Officer