Thursday, April 16, 2009

Tessera Extends Agreement With Motorola

SAN JOSE, Calif.--(BUSINESS WIRE)--Tessera Technologies, Inc. (Nasdaq:TSRA) today announced that Motorola, Inc. has extended its option agreement with Tessera that enables Motorola to enter into a pre-negotiated license agreement with Tessera and settle all outstanding litigation between the companies. Motorola extended the option until 14 calendar
days after the Final Determination in Tessera's ongoing U.S. International Trade Commission (ITC) Investigation 337- TA-605 (Wireless ITC action). Other detailed terms of the agreements, including option fees, license fees and license royalties, are confidential. Motorola is one of the respondents in the Wireless ITC action. The ITC is currently scheduled to issue a Final Determination in the Wireless ITC action by May 20, 2009.