This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tessera Technologies Announces First Quarter 2012 Results

Tessera Technologies, Inc. (NASDAQ: TSRA) (the “Company” or “we”) announced its results for the first quarter ended March 31, 2012.

“The first quarter of 2012 was an important quarter for the Company. In our DigitalOptics segment, we met significant milestones in the ongoing transformation of our DigitalOptics business into an original design manufacturer with high-volume manufacturing capabilities for next-generation camera modules,” stated Robert A. Young, chief executive officer and president, Tessera Technologies, Inc. “We announced a key step toward high-volume manufacturing of devices using our Micro Electro Mechanical Systems (MEMS) technology – the execution of a definitive agreement with Flextronics International Ltd. to acquire certain assets of Vista Point Technologies, a Tier 1 qualified camera module manufacturing business. We continue to build out our team, develop our supply chain, engage with multiple Tier 1 mobile phone suppliers, and make progress towards our first design win for our MEMS actuator.

“In our Intellectual Property segment we successfully renewed four licensees in the first quarter, including two well-known Japanese electronics manufacturers.

“We also announced the initiation of a quarterly dividend of $0.10 per share of common stock, demonstrating our confidence in the Company’s long-term cash generation ability, and ability to fund our growth initiatives. We look forward to sharing our continued progress with our investors.”

First Quarter 2012
  • Total revenues were $46.7 million.
  • Intellectual Property segment revenues were $39.0 million.
  • DigitalOptics segment revenues were $7.7 million.

Total revenue for the first quarter of 2012 was $46.7 million, compared to $67.8 million of total revenue in the first quarter of 2011. Intellectual Property revenue for the first quarter of 2012 was $39.0 million, compared to $53.6 million in the first quarter of the prior year. The decrease was due to lower year-over-year royalty bearing units reported, in aggregate, by licensees.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.92 0.96%
FB $100.21 -3.70%
GOOG $687.67 0.60%
TSLA $148.20 -8.90%
YHOO $26.79 -4.20%


Chart of I:DJI
DOW 15,945.48 -81.57 -0.51%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs