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.