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Tessera Technologies Inc. Message Board

  • sir_perfluis sir_perfluis Apr 10, 2011 6:51 PM Flag

    Value Manufacturing

    TSRA has over $9/share in cash, and the high level of cash is penalizing its operations. Hopefully the recent spinoff indicates that management is willing to work towards unlocking shareholder value.

    What I propose is this: we need a group of investors to contact TSRA management and recommend a special dividend. TSRA, ex-cash, trades at about an 8x earnings (and probably deserves more like a 12x). A special dividend would reduce or eliminate the 'cash discount' being applied to TSRA right now, and help shares revalue to a more appropriate earnings multiple. This action would greatly enhance shareholder value.

    Please contact management, and ask any acquaintances of yours who may to TSRA shareholders to do so as well.

    Thank you and good luck,

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