Tessera Technologies Ends Litigation Against Qualcomm

  Tessera Technologies Ends Litigation Against Qualcomm

              Companies Agree to Explore Technical Collaboration

Business Wire

SAN JOSE, Calif. -- March 28, 2014

Tessera Technologies, Inc. (NASDAQ:TSRA) ("Tessera" or the "Company") today
announced that Tessera’s subsidiary, Tessera, Inc., has entered into an
agreement with Qualcomm, Incorporated (“Qualcomm”) to dismiss the case of
Tessera, Inc. v. Qualcomm, Inc., et al. (Case No. 4:12-CV-00692 (United States
District Court for the Northern District of California)). The agreement also
provides that Tessera and Qualcomm Technologies, Inc. (“QTI”) will explore
potential technical collaborations concerning camera functionality and imaging
performance of mobile devices.

“Having resolved this dispute, we look forward to collaborating with Qualcomm
in the future. With our companies’ mutual technology capabilities and
innovations there is much we can do together to produce value for the
industry,” said Tom Lacey, Chief Executive Officer of Tessera Technologies,
Inc.

“We are pleased that this dispute is behind us and we look forward to
exploring technical collaborations with Tessera including their FotoNation
technology,” said Raj Talluri, Senior Vice President of product management for
QTI.

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 impact of the settlement and future technical
collaborations with Qualcomm. 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; 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; 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, 2013, 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
that create, develop and license innovative semiconductor, interconnect and
imaging technologies. Tessera and its subsidiaries generate revenue streams
from manufacturers and other implementers that utilize our innovative
technology. Tessera’s semiconductor packaging technologies have been licensed
to more than 70 companies. More than 100 billion semiconductor chips have
shipped with the company’s intellectual property. Tessera seeks to expand the
use of its product and technology offerings in the tablet, laptop and
smartphone markets.

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

Contact:

Tessera Technologies, Inc.
Robert Andersen, 408-321-6779
Executive Vice President and Chief Financial Officer
or
The Piacente Group
Glenn Garmont, 212-481-2050
Investor Relations
Tessera@tpg-ir.com
 
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