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John Thode Appointed President of DigitalOptics Corporation

  John Thode Appointed President of DigitalOptics Corporation

-Industry Veteran Brings Extensive Experience in Mobile Products and Solutions
                                      -

Business Wire

SAN JOSE, Calif. -- February 7, 2013

Tessera Technologies, Inc. (Nasdaq: TSRA) (the “Company”) announced today that
John S. Thode has been appointed president of DigitalOptics Corporation
(“DOC”). Thode will report to Robert A. Young, president and chief executive
officer, Tessera Technologies, Inc., and will be responsible for the Company’s
DigitalOptics business, including strategy and operations.

“John brings extensive consumer mobile product industry experience and
expertise to our company, including a proven ability to develop and grow
emerging businesses,” stated Young. “His key telecommunication industry
relationships, prior track record of success, and deep knowledge of fast
growing markets in Asia and elsewhere, will position us well as we pursue the
significant opportunity in the $4.5 billion smartphone camera module market.”

“DOC has a unique and differentiated MEMS approach to smartphone camera
modules that I believe has the potential to revolutionize mobile imaging,”
said Thode. “I look forward to working with the team to deliver MEMS autofocus
camera modules to market and to build on DOC’s emerging role in this exciting
space.”

Thode, 55, was most recently at McAfee, Inc., where he was executive vice
president and general manager of McAfee’s Consumer, Mobile and Small Business
unit from 2011 through 2012. Prior to McAfee, from 2007 through 2011 Thode was
general manager of Dell’s Mobility Products Group where he was responsible for
leading the strategy and development of Dell’s nontraditional products,
including smartphones and tablets. Prior to Dell, Thode was president and
chief executive officer at ISCO International, Inc., a telecom infrastructure
company, where he led a successful turnaround effort including substantial
increase in revenue, cash flow and international market expansion. Thode also
spent 25 years with Motorola, Inc. in various management roles, including
general manager of its UMTS Handset Products and Personal Communications
Sector and general manager of its Wireless Access Systems Division in its
General Telecoms Systems Sector.

Thode holds a Master of Business Administration from the Kellogg School of
Management at Northwestern University, a Master of Science in Electrical
Engineering from the Illinois Institute of Technology and a Bachelor of
Science in Electrical Engineering from the University of Illinois. He is also
a senior member of the Institute of Electrical and Electronics Engineers.

Safe Harbor Statement

This document 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 appointment of Mr. Thode as DOC's President,
the impact of his appointment on the Company and DOC, DOC’s growth and market
opportunities; and the characteristics, benefits, features, qualities and
potential of DOC’s MEMS autofocus camera modules. 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 DigitalOptics Corporation (“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. Our Intellectual
Property segment, managed by Tessera Intellectual Property Corp., generates
revenue from manufacturers and other implementers that use our technology. Our
DigitalOptics business delivers innovation in imaging systems for smartphones.
For more information call 1.408.321.6000 or visit www.tessera.com.

Tessera, the Tessera logo, DOC, the DOC logo, 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.

TSRA-G

DOC-G

Contact:

Tessera Technologies, Inc.
Rick Neely, 408-321-6756
Chief Financial Officer
 
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