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Tessera Reaps from Latest Win
Tessera sees quick results; expect more
Two weeks ago we blogged on the Tessera (TSRA - Analyst Report) ITC case. The ruling from the International Trade Commission barred firms such as Motorola (MOT - Analyst Report), Qualcomm (QCOM - Analyst Report), Freescale Semiconductor and Spansion (SPSNQ - Snapshot Report) from selling inventory that infringes on the company's technology rights.
On Tuesday, Tessera Technologies announced it has negotiated a licensing agreement with Motorola over disputed technology rights and raised its second-quarter sales forecast. Management raised its sales estimate for the second quarter to a range of $59-61 million, up from $46- $49 million.
Specific details were not disclosed.
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| Market Summary | Nov 08, 2009 00:51 am ET |
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