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Tessera, Micron enter technology license agreement

Posted: 26 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Tessera Technologies? Micron Technology? Compliant Chip technology? XX? XX?

Tessera Technologies Inc. announced a definitive technology license agreement with Micron Technology.

Under the terms of the agreement, Micron will pay Tessera $30 million in cash for a royalty-bearing license to Tessera's Compliant Chip (TCC) technology, which the company receive the payment Q3 2006. The license payment includes full payment of past royalties through June 30, 2006 on the use of the TCC technology. The agreement also provides Micron access to Tessera patented semiconductor packaging technology and settles all outstanding litigation between the companies.

Tessera is also raising full-year revenue guidance to $140 million to $142 million, which includes the impact of the previously announced Digital Optics acquisition and assumes no new agreements for the balance of 2006. Full-year revenue guidance previously announced was $118 million to $122 million, which did included estimates of the impact of new agreements.

Total full-year operating expense guidance, including cost of revenue research and development, and selling, general and administration, and excluding stock-based compensation, has been raised to be in the range of $83 million to $84 million, up from between $62 million and $64 million, as previously given on the its Q1 earnings call on May 1.

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