Flextronics Announces Agreement to Sell Camera Module Brand and Assets to DigitalOptics Corporation

Flextronics (NASDAQ: FLEX) today announced that it has entered into a definitive agreement with Tessera Technologies, Inc., and DigitalOptics Corporation , a wholly-owned subsidiary of Tessera Technologies, in which DOC will acquire certain assets of Flextronics' Vista Point Technologies camera module business, including intellectual property and China-based manufacturing operations. This transaction is subject to certain closing conditions.Flextronics will retain a portion of Vista Point Technologies assets, but repurpose them and focus engineering talent toward strengthening the Company's ability to deliver manufacturing services.