This Day On The Street
Continue to site
ADVERTISEMENT
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 Provides Financial Guidance For Third Quarter Of 2012

Tessera Technologies, Inc. (NASDAQ:TSRA) (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.

DigitalOptics segment revenue is expected to be in the range of $13.5 million to $15.0 million. Products and services revenues are expected to be in the range of $11.5 million to $12.5 million. DigitalOptics royalties and license fees are expected to be in the range of $2.0 million to $2.5 million.

Non-GAAP operating expenses for the third quarter 2012, excluding litigation expenses, are expected to range between $57.0 million and $59.0 million, which compares to $43.3 million in the prior quarter and includes expenses related to both the operations of the DigitalOptics Corporation’s Zhuhai based camera module facility and to the new lens manufacturing facility in Taiwan, which will require an initial investment of approximately $30 million.

GAAP operating expenses for the third quarter 2012, excluding litigation expense, are expected to range between $67.0 million and $71.0 million. Included in the GAAP operating expenses are stock-based compensation, which is expected to range between $4.0 million and $5.0 million, and amortization, which is expected to range between $6.0 million and $7.0 million.

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
SYM TRADE IT LAST %CHG

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs