Zacks Analyst Blog Highlights: Tessera Technologies, Inc., Motorola, Qualcomm, Spansion and Amkor.
For Immediate Release
Chicago, IL – May 26, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tessera Technologies, Inc. (TSRA - Analyst Report), Motorola (MOT - Analyst Report), Qualcomm (QCOM - Analyst Report), Spansion (SPSNQ - Snapshot Report) and Amkor (AMKR - Analyst Report).
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Here are highlights from Friday’s Analyst Blog:
Tessera Wins in Court Again
On Wednesday May 20th Tessera Technologies, Inc. (TSRA - Analyst Report) announced that the International Trade Commission (ITC) issued a final determination in the action brought by Tessera against certain wireless manufacturers, (Wireless ITC action), finding Tessera’s patents are valid and infringed.
The ITC issued a Limited Exclusion Order that prohibits the importation of certain infringing electronic devices that use Tessera’s patented technology, which are imported by or on behalf of the named respondents. The Commission also issued a Cease and Desist Order against Motorola (MOT - Analyst Report), Qualcomm (QCOM - Analyst Report), Freescale and Spansion (SPSNQ - Snapshot Report), directing them to cease their unfair acts including selling infringing articles out of their US inventories.
TSRA’s record in court has been nothing short of sensational. The firm has won five major lawsuits and now receives royalties from all of the big four in the DRAM market. TSRA currently has 4 major litigation cases pending. These could provide significant ongoing, one-time income, or both.
Amkor (AMKR - Analyst Report) Arbitration - On Jan. 14, 2009, the International Chamber of Commerce's International Court of Arbitration issued to Tessera an award of $64.1 million, due by Feb. 15, 2009, for Amkor's material breach of its license agreement. This amount covers the time period March 2, 2002 through Dec. 1, 2008 and includes pre-judgment interest. (Settled and Paid)
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