Company Website:
http://www.tessera.com
SAN JOSE, Calif. & GENEVA -- (Business Wire)
STMicroelectronics NV (NYSE: STM) and Tessera Technologies, Inc.
(NASDAQ:TSRA) announced today that they reached a settlement of all
outstanding claims and litigation between them.
STMicroelectronics, Inc., STMicroelectronics N.V., and Tessera, Inc.
agreed to dismiss all claims and counterclaims pending in the United
States District Court for the Northern District of California with
prejudice. The terms and conditions of the agreement between the
companies are confidential.
About Tessera
Tessera Technologies, Inc. and its subsidiaries generate revenue from
licensing to manufacturers and other implementers that use the Company's
technology in areas such as mobile computing and communications, memory
and data storage, and 3-D Integrated Circuit technologies. For more
information call 1.408.321.6000 or visit www.tessera.com.
About STMicroelectronics
ST is a global leader in the semiconductor market serving customers
across the spectrum of sense and power and automotive products and
embedded processing solutions. From energy management and savings to
trust and data security, from healthcare and wellness to smart consumer
devices, in the home, car and office, at work and at play, ST is found
everywhere microelectronics make a positive and innovative contribution
to people's life. By getting more from technology to get more from life,
ST stands for life augmented. In 2013, the Company’s net revenues were
$8.08 billion. Further information on ST can be found at www.st.com.
TSRA-L
Contacts:
Tessera Technologies, Inc.
Robert Andersen, 408-321-6779
Executive
Vice President and Chief Financial Officer
or
The Piacente
Group | Investor Relations
Don Markley, 212-481-2050
Glenn
Garmont, 212-481-2050
Investor Relations
tessera@tpg-ir.com
or
INVESTOR
RELATIONS:
STMicroelectronics
Tait Sorensen, +1 602 485 2064
Group
VP, Investor Relations
tait.sorensen@st.com
or
MEDIA
RELATIONS:
STMicroelectronics
Nelly Dimey, + 33 1 58 07 77 85
Director,
Corporate Media and Public Relations
nelly.dimey@st.com
Source: Tessera Technologies, Inc.
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