ITC Says Tessera's (TSRA) Asserted Patents Are Valid, But Not Infringed Upon; Raises Q4 Sales Guidance
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Tessera Technologies, Inc. (NASDAQ: TSRA) announced today the Administrative Law Judge overseeing the International Trade Commission action brought by Tessera against certain wireless manufacturers, Investigation No. 337-TA-605 (Wireless ITC action), issued an Initial Determination finding Tessera’s asserted patents are valid but not infringed by the respondents.
Due to stronger than expected royalty revenue from certain existing customers and an option fee, Tessera is raising its Q408 sales guidance from $60-$62 million to $67-$69 million, versus the consensus of $61.48 million.
Tessera Technologies, Inc. develops and licenses miniaturization technologies for the electronics industry.
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