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Tessera Technologies, Inc.
TSRA (the “Company” or “we”) announced
today that its Tessera, Inc. subsidiary has entered into an agreement settling
all pending litigation with Advanced Micro Devices, Inc.
AMD.
“We are glad to see AMD join us in moving beyond this litigation,” said
Bernard “Barney” Cassidy, president, Tessera Intellectual Property Corp.
The specific financial terms of the agreement are confidential. Tessera, Inc.
and AMD agreed to dismiss claims and counterclaims between the two parties
relating to Tessera, Inc.'s patent infringement claims pending in the United
States District Court, Northern District of California. The Company is not
providing additional financial guidance in connection with this agreement.
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