Tessera Reaps from Latest Win – Analyst Blog
Source: http://www.zacks.com/stock/news/20719/Tessera+Reaps+from+Latest+Win+-+Analyst+BlogPosted on Wednesday, June 3rd, 2009 | In Market Commentary, Stocks to Watch
Tessera sees quick results; expect more
Two weeks ago we blogged on the Tessera (TSRA) ITC case. The ruling from the International Trade Commission barred firms such as Motorola (MOT), Qualcomm (QCOM), Freescale Semiconductor and Spansion (SPSNQ) from selling inventory that infringes on the company’s technology rights.
On Tuesday, Tessera Technologies announced it has negotiated a licensing agreement with Motorola over disputed technology rights and raised its second-quarter sales forecast. Management raised its sales estimate for the second quarter to a range of $59-61 million, up from $46- $49 million.
Specific details were not disclosed.
Read the full analyst report on “TSRA”
Read the full analyst report on “MOT”
Read the full analyst report on “QCOM”
Read the full analyst report on “SPSNQ”
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