Exhibit 99.1
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| Company Contact: | | Investor Relations Contact: |
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| Charlie Webster | | Lippert/Heilshorn & Associates |
| Chief Financial Officer | | Kirsten Chapman/Moriah Shilton |
| 408-894-0700 | | 415-433-3777 |
| | mshilton@lhai.com |
TESSERA UPDATES THE STATUS OF ITS U.S. ITC FILINGS: ITC INITIATES NEW DRAM
ACTION AND CONFIRMS HEARING FOR WIRELESS ACTION REMAINS ON SCHEDULE
SAN JOSE, Calif. – January 7, 2008 –Tessera Technologies, Inc. (Nasdaq: TSRA), a leading provider of miniaturization technologies for the electronics industry, today provided a status update regarding its legal actions filed with the U.S. International Trade Commission (“ITC”) involving Tessera’s intellectual property rights.
New ITC Case on DRAM Accepted
On January 3, 2008, the ITC initiated an investigation into the unlawful use of Tessera’s patents by certain DRAM devices and products incorporating them. Tessera requested the investigation in a complaint filed on December 7, 2007, naming as respondents A-DATA Technology Co., Ltd.; Acer Inc.; Acer America Corp.; Centon Electronics, Inc.; Elpida Memory, Inc.; International Products Sourcing Group; Kingston Technology Co.; Nanya Technology Corporation; Peripheral Device and Product Systems, Inc.; Powerchip Semiconductor Corp.; ProMOS Technologies Inc.; Ramaxel Technology Ltd.; SMART Modular Technologies, Inc.; and TwinMOS Technologies Inc. The investigation has been assigned ITC reference number 337-TA-630 (“the 630 Investigation”). As yet, no trial date has been set for the 630 Investigation.
Request for Delay of Wireless ITC Action Rejected
The 630 Investigation is in addition to the currently pending ITC action involving chips found in wireless handsets, among other products (investigation 337-TA-605 or “the 605 Investigation”). On January 2, 2008, Judge Theodore Essex rejected a request to delay the hearing date for the 605 Investigation, confirming that it remains on schedule to run for five days beginning February 25, 2008. The named respondents of the 605 Investigation include ATI Technologies, ULC; Freescale, Inc.; Motorola, Inc.; Qualcomm, Inc.; Spansion, Inc.; Spansion LLC; ST Microelectronics, N.V., and various of their affiliates.
In both ITC actions, Tessera is seeking an exclusion order barring the importation, sale for importation or sale after importation of products that Tessera believes infringe its technology and are unlawfully competing with products from Tessera’s licensees.
Tessera is seeking remedies for infringement of U.S. Patents 5,679,977; 6,133,627; 5,663,106; and 6,458,681 in the 630 Investigation, and U.S. Patents 5,852,326 and 6,433,419 in the 605 Investigation. U.S. Patents 5,679,977; 5,852,326; 6,133,627 and 6,433,419 have been litigated in prior Tessera legal actions. All six patents are part of a portfolio of technology that is broadly licensed to companies in the semiconductor industry including market leaders such as Intel, Hynix, Micron, NEC, Qimonda, Samsung, Texas Instruments, and Toshiba.
About Tessera Technologies, Inc.
Tessera is a leading provider of miniaturization technologies for the electronics industry. Tessera provides a broad range of advanced packaging, interconnect, and consumer optics solutions which are widely adopted in high-growth markets including consumer, computing, communications, medical and defense electronics. Tessera's customers include the world's top semiconductor companies such as Intel, Samsung, Texas Instruments, Toshiba, Micron and Infineon. The company's stock is traded on the NASDAQ Stock Market under the symbol TSRA. Tessera is headquartered in San Jose, California. www.tessera.com.
Safe Harbor Statement
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ significantly from those projected. Material factors that may cause results to differ from the statements made include delays, setbacks or losses relating to our intellectual property or intellectual property litigations, or any invalidation or limitation of our key patents; fluctuations in our operating results due to the timing of new license agreements and royalties, or due to legal costs; changes in patent laws, regulation or enforcement, or other factors that might affect our ability to protect our intellectual property; the risk of a decline in demand for semiconductor products; failure by the industry to adopt our technologies; competing technologies; the future expiration of our patents; the future expiration of our license agreements and the cessation of related royalty income; the failure or refusal of licensees to pay royalties; failure to achieve the growth prospects and synergies expected from acquisition transactions; and delays and challenges associated with integrating acquired companies with our existing businesses. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Tessera's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2006, and its Quarterly Report on Form 10-Q filed for the quarter ended September 30, 2007 include more information about factors that could affect the company's financial results.
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Note: Tessera and the Tessera logo are trademarks of Tessera. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.
