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Tessera Technologies Inc. Message Board

  • white2ronin white2ronin Jan 5, 2012 8:08 PM Flag

    Finally

    I am pleased to see that an outside investor is putting pressure on this management team. Starboard intends to fill half the board seats at the next proxy vote. I hope they win, TSRA put out the usual rubbish about how they are maximizing shareholder value including a puffy repeat letter from the CEO. Pathetic.

    http://finance.yahoo.com/news/Tessera-Technologies-Issues-bw-760135532.html?x=0

    TSRA mgmt are surprised they won't consult them. Why bother?

    Management could easily improve shareholder value by paying a dividend and attracting a whole new group of investors. With $500m+ of cash on hand it would cost $20m a year to pay 4% - sigh.

    Maybe this is not in the cards so they can line up a friendly buyer, they keep their jobs, with stock options at a "take-under price". JMHO

    Maybe starboard will have better luck than the bagholders here...

 
TSRA
27.06-0.28(-1.02%)Sep 23 4:00 PMEDT

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