Tessera Tech Guides Q3 Revenue $66.5-69M vs $60M Est

Tessera Technologies, Inc.

(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.