on very low volume. i think this is a flag/indicator for some entity(ies) to sell off. same thing happened last week, was it early last week? when it took a 7 percent hit.
good luck longs.
heck, to me the packaging revenue is value story. i'm in the stock for the high-growth fotonation revs. still think they should split the company in to two seperate entities.
Samsung and Hynix accounted for 24% and 11% of TSRA's 2014 sales, respectively, with Micron likely to account for over 10% of TSRA sales in 2015. All for DRAM packaging license.
I am trying to find out when the Patents for DRAM packaging expires...it appears to me that the main Patent expired in Dec. 2014 or is this 20 years and they have until Dec. 2017?
Publication number US6133627 A
Publication type Grant
Application number US 08/984,615
Publication date Oct 17, 2000
Filing date Dec 3, 1997
I am in the semiconductor industry and am long many stocks (SPIL, ASE, AMKR). I am short TSRA, but whether you are long or short...looking for anyone want to help understand when the Patents expire. thanks.
No word how much they paid for it or how they're going to incorporate the technology into their FotoNation business:
"SAN JOSE, Calif.--(BUSINESS WIRE)-- FotoNation Limited, a wholly owned subsidiary of Tessera Technologies, Inc. (NASDAQ:TSRA) and the leading provider of computational imaging solutions for smartphones and digital still cameras, today announced its acquisition of Smart Sensors Limited ("SSL"), an award winning developer of iris recognition biometric technology, a transaction that closed in the fourth quarter of 2014.
Over the past 10 years, Smart Sensors has developed tools for iris feature extraction, biometric key creation and fast-matching which operate on many product and processor platforms. The use of biometric authentication and identification systems is rapidly increasing, moving onto mobile computing, notebooks, PCs, tablets and other communications platforms. Iris authentication technology from SSL provides increased device security and eliminates the need for passwords. The technology also authenticates and verifies user presence for e-commerce, and provides secure access control to valuable assets such as physical locations and enterprise networks. "
Had this since June 2009, this year finally green in it (+67%), things are picking up, why on earth would I sell now? Lacey's sales were planned 10b5-1(c) option exercise/sells. Starboard sales a different animal straight up sales from a 10% owner - just passing along the info for those who get nervous when insiders sell - I ain't one of them.
LACEY THOMAS A bought 70,747 Common Stock @ $18.84 per share.
LACEY THOMAS A is a director at TESSERA TECHNOLOGIES INC (TSRA). This transaction represents a 10.1596% change in their holdings.
LACEY THOMAS A bought 12,500 Common Stock @ $20.71 per share.
LACEY THOMAS A is a director at TESSERA TECHNOLOGIES INC (TSRA). This transaction represents a 1.9981% change in their holdings.
LACEY THOMAS A sold 100,907 Common Stock @ $39.59 per share. ($3,935,373)
LACEY THOMAS A is a director at TESSERA TECHNOLOGIES INC (TSRA). This transaction represents a 16.9464% change in their holdings.
yes, i like the combination of increased dividened and contiuance of the share repurchase. i hate the companies that just do share repurchases.
Div was doubled to 20 cents/shr as well, while legal expenses were slashed:
SAN JOSE, Calif.--(BUSINESS WIRE)-- Tessera Technologies, Inc. (TSRA) (the "Company" or "we") today announced financial results for the fourth quarter and full year ending Dec. 31, 2014. Total revenue from continuing operations for the fourth quarter of 2014 was $59.9 million, at the high end of the Company's guidance range of $58.0 to $60.0 million. GAAP net income for the fourth quarter of 2014 was $37.1 million, or $0.69 per diluted share. Non-GAAP net income for the fourth quarter of 2014 was $33.7 million, or $0.62 per diluted share.
Fourth Quarter 2014 Results
Revenue from continuing operations was $59.9 million in the fourth quarter of 2014 compared with revenue from continuing operations of $56.3 million in the fourth quarter of 2013. Recurring revenue increased by 69% in the fourth quarter of 2014, from $25.6 million in 2013 to $43.3 million in the fourth quarter of 2014. Episodic revenue, which fluctuates from quarter to quarter, totaled $16.6 million in the fourth quarter of 2014 compared with $30.8 million in the fourth quarter of 2013.
Operating expenses from continuing operations were $13.0 million in the fourth quarter of 2014, compared with $39.3 million in the fourth quarter of 2013, a decrease of $26.3 million. Operating expenses in the fourth quarter of 2014 include a gain of $11.9 million on the sale of long-lived assets to Shenzhen O-Film Tech Co., LTD. in a transaction that closed in December 2014. Litigation expense decreased by $14.1 million, or 87%, from the fourth quarter of 2013, as the Company had significantly fewer legal proceedings outstanding in the fourth quarter of 2014 as compared with 2013.