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Tessera Technologies Inc. Message Board

  • jacosa jacosa Nov 14, 2012 9:02 AM Flag

    Pullbacks at DOC

    Closing useful, but not necessary, facilities (in this case, closing the Tel Aviv operation and announcing that the North Carolina facility is for sale) fits the behavior I have seen for small and underfunded companies preparing a product introduction. As such, it suggests that the separation of Invensas from DOC is pretty complete. I can try to see deeper into the crystal ball and guess that this is most consistent with spinoff of DOC to private equity, and a time frame of less than a year.

    I don't read too much into the language singling out the camer phone market in the press release--it's a big and visible market.

    If it was me making the decision, I'd want a great deal of certainty that the new business was coming and would be substantial before eliminating facilities that had been critical to the historically profitable business (software and military cameras)

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