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|Company Contact:||Investor Relations Contact:|
|Michael Anthofer||Moriah Shilton|
|Chief Financial Officer||Sr. Director, Investor Relations|
TESSERA TECHNOLOGIES ANNOUNCES FOURTH QUARTER AND FULL YEAR
San Jose, Calif., Jan. 27, 2011 Tessera Technologies, Inc. (Nasdaq: TSRA) announced its results for the fourth quarter and full year ended Dec. 31, 2010.
2010 was a record revenue year for Tessera, with total revenue of $301.4 million, said Henry R. Nothhaft, Tesseras chairman and chief executive officer. We continued our innovation efforts during the year, spending $74.1 million in research and development and $20.1 million on patent acquisitions, resulting in an increase of 430 patents and patent applications worldwide or 24% over 2009. Cash, cash equivalents, and investments at Dec. 31, 2010 were $475.0 million, an increase of $71.4 million for the year.
Revenue Highlights: Fourth Quarter 2010
Total revenues were $80.4 million.
Micro-electronics revenues were $71.2 million.
Imaging & Optics revenues were $9.2 million.
Fourth quarter 2010 total revenues of $80.4 million were up 42% compared to the fourth quarter of 2009. The companys two business segments, Micro-electronics and Imaging & Optics, were up 47% and 16% respectively in the fourth quarter of 2010 as compared to the fourth quarter of 2009.
Fourth quarter 2010 Micro-electronics revenues of $71.2 million were comprised of $71.1 million in royalties and license fees and $70,000 in products and services. Fourth quarter 2010 Imaging & Optics revenues of $9.2 million were comprised of $5.2 million in royalties and license fees, and $4.0 million in products and services.
The following information was filed by Tessera Technologies Inc (TSRA) on Thursday, January 27, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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