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.