Tessera Appoints Bernard Cassidy as President of Tessera Intellectual Property Corp.

  Tessera Appoints Bernard Cassidy as President of Tessera Intellectual
  Property Corp.

Business Wire

SAN JOSE, Calif. -- January 15, 2013

Tessera Technologies, Inc. (NASDAQ:TSRA) (the "Company") today announced
Bernard J. “Barney” Cassidy has been appointed president of Tessera
Intellectual Property Corp. Cassidy will report to Robert A. Young, chief
executive officer and president, Tessera Technologies, Inc., and will be
responsible for the Company’s Intellectual Property (IP) business, including
strategy and operations.

"Barney is a nationally recognized leader on patent monetization who brings
deep licensing expertise and long familiarity with our portfolios to this key
role,” said Young. “We have just executed license agreements with SK hynix
Inc. that validate our team’s ability to produce higher returns from our
broader IP platform. We believe this recent success increases both the
certainty and the magnitude of the Company's revenue and profitability on a
long term basis, and we look forward to growing the IP business under Barney’s

Cassidy joined Tessera Technologies, Inc. in 2008 as its general counsel, and
will continue in that role. He previously served as general counsel at
Tumbleweed Communications Corp., where he structured, negotiated, and closed
over 35 intellectual property transactions, and practiced law at both Wilson,
Sonsini, Goodrich & Rosati and at Skadden, Arps, Slate, Meagher & Flom.
Cassidy holds a J.D. from Harvard Law School, where he was an editor of the
Harvard Law Review, and clerked for the Honorable John T. Noonan, Jr. of the
U.S. Court of Appeals for the Ninth Circuit.

Cassidy succeeds Richard Chernicoff, who is pursuing other interests but will
remain a consultant to the Company. Young added, “On behalf of the Company and
the Board, I thank Rich Chernicoff for his valuable contributions to our IP

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,
particularly with respect to the impact of Mr. Cassidy’s appointment as
president of Tessera Intellectual Property Corp., the effect of the license
agreements with SK hynix Inc., the Company’s revenue and profitability on a
long term basis and the Company’s ability to generate higher returns and
growth from its IP business. Material factors that may cause results to differ
from the statements made include the plans or operations relating to the
Company's businesses; market or industry conditions; changes in patent laws,
regulation or enforcement, or other factors that might affect the Company's
ability to protect or realize the value of its intellectual property; the
expiration of license agreements and the cessation of related royalty income;
the failure, inability or refusal of licensees to pay royalties; initiation,
delays, setbacks or losses relating to the Company's intellectual property or
intellectual property litigations, or invalidation or limitation of key
patents; the timing and results, which are not predictable and may vary in any
individual proceeding, of any ICC ruling or award, including in the Amkor
arbitration; fluctuations in operating results due to the timing of new
license agreements and royalties, or due to legal costs; the risk of a decline
in demand for semiconductor and camera module products; failure by the
industry to use technologies covered by the Company's patents; the expiration
of the Company's patents; the Company's ability to successfully complete and
integrate acquisitions of businesses, including the integration by DOC of its
recently acquired camera module manufacturing facility in Zhuhai, China; the
risk of loss of, or decreases in production orders from, customers of acquired
businesses; financial and regulatory risks associated with the international
nature of the Company's businesses; failure of the Company's products to
achieve technological feasibility or profitability; failure to successfully
commercialize the Company's products; changes in demand for the products of
the Company's customers; limited opportunities to license technologies and
sell products due to high concentration in the markets for semiconductors and
related products and camera modules; the impact of competing technologies on
the demand for the Company's technologies and products; failure by DOC to
become a vertically integrated camera module supplier; and the reliance on a
limited number of suppliers for the components used in the manufacture of DOC
products. You are cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date of this release. The Company's
filings with the Securities and Exchange Commission, including its Annual
Report on Form 10-K for the year ended Dec. 31, 2011, and its Quarterly Report
on Form 10-Q for the quarter ended Sept. 30, 2012, include more information
about factors that could affect the Company's financial results. The Company
assumes no obligation to update information contained in this press release.
Although this release may remain available on the Company's website or
elsewhere, its continued availability does not indicate that the Company is
reaffirming or confirming any of the information contained herein.

About Tessera Technologies, Inc.

Tessera Technologies, Inc. is a holding company with operating subsidiaries in
two segments: Intellectual Property and DigitalOptics. The Intellectual
Property business, comprised of engineering, licensing, account administration
and litigation teams, generates revenue from manufacturers that use its
patented ideas. The DigitalOptics business delivers innovation in imaging and
optics with products and capabilities that enable expanded functionality in
increasingly smaller devices. DigitalOptics’ miniaturized camera module
solutions provide cost-effective, high-quality camera features, including
Micro Electro Mechanical Systems (“MEMS”)-based autofocus, extended depth of
field (“EDoF”), zoom, image enhancement and optical image stabilization.
DigitalOptics also offers customized micro-optic lenses from diffractive and
refractive optical elements to integrated micro-optical subassemblies. For
more information call 1.408.321.6000 or visit www.tessera.com.

Tessera, Tessera, Inc., the Tessera logo, DigitalOptics Corporation, and
Invensas Corporation are trademarks or registered trademarks of affiliated
companies of Tessera Technologies, Inc. in the United States and other
countries. All other company, brand and product names may be trademarks or
registered trademarks of their respective companies.



Tessera Technologies, Inc.
Rick Neely, 408-321-6756
Chief Financial Officer
Press spacebar to pause and continue. Press esc to stop.