Tessera Technologies, Inc. TSRA (the "Company") today announced
financial guidance for the third quarter ending Sept. 30, 2012.
Third quarter 2012 total revenue is expected to range between $66.5 million
and $69.0 million, an increase of approximately 8% to 12% from the prior
quarter. Revenue from the Intellectual Property (IP) segment is expected to
range between $53.0 million and $54.0 million, and includes the payment of
approximately $20 million related to the interim award the International Court
of Arbitration of the International Chamber of Commerce (ICC) issued on July
6, 2012, in favor of Tessera, Inc. in its dispute with Amkor Technology, Inc.
This payment will be reflected in two income statement categories,
approximately $16.0 million to $17.0 million in royalty and license fees and
approximately $3.0 million to $4.0 million in other income.
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