Tessera, AMD Announce Settlement of Pending Litigation

Tessera Technologies, Inc. (NASDAQ: TSRA) (the “Company” or “we”) announcedtoday that its Tessera, Inc. subsidiary has entered into an agreement settlingall pending litigation with Advanced Micro Devices, Inc. (NYSE: AMD).“We are glad to see AMD join us in moving beyond this litigation,” saidBernard “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 partiesrelating to Tessera, Inc.'s patent infringement claims pending in the UnitedStates District Court, Northern District of California. The Company is notproviding additional financial guidance in connection with this agreement.