TSRA set for major breakout. The courts will rule this year and huge payouts will be given by vendors. With all the cash they already have this stock will more than double. It is already way undervalued.
I think your time frame is waaaayy over-optimistic. Nobody expects the Amkor arbitration to end in 2011. It's possible, but unlikely, that we'll learn the amount of the bonds posted in connection with the Wireless matter before year-end. If CAFC agrees to re-hear that appeal, there could be a long slog ahead; even if they don't, a possible SCOTUS appeal would probably remain pending until next Spring (and another year if it's heard). The DRAM appeal could be decided in a few months; the application of "the doctrine of exhaustion" there seems weird, but it might hold up anyway; a CAFC re-hearing seems likely after the first decision because of that legal issue. That's a particularly important case for Tessera because it's the only one the company has lost.
On a short time scale, the most likely positive catalyst is substantial adoption of microPILR, which we could see within 6 months.