Starboard Files Definitive Proxy Materials to Elect Six Highly Qualified Director Nominees to the Board of Directors of Tessera Technologies

Starboard Value LP (together with its affiliates, "Starboard"), one the largest shareholders of Tessera Technologies, Inc.

("Tessera" or the "Company") with approximately 7.6% of the outstanding common stock of the Company, announced today that it has filed definitive proxy materials with the Securities and Exchange Commission in connection with the Company's 2013 Annual Meeting and has delivered a letter to the shareholders of Tessera. Starboard is urging shareholders to elect its six highly qualified nominees, Tudor Brown, George Cwynar, Peter A. Feld, Tom Lacey, George Riedel and Don Stout, to serve on the Company's board of directors at the upcoming 2013 Annual Meeting.