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Tessera appoints new VP

Posted: 16 Nov 2010 ?? ?Print Version ?Bookmark and Share

Keywords:optics? imaging? camera?

Tessera Technologies Inc. appoints John Keating asinterim executive VP of the imaging & optics unit

Keating reports to Henry Nothhaft, chairman and CEO, Tessera. He replaces Michael Bereziuk, who is leaving the company due to personal reasons. Bereziuk will remain with the company as an advisor to ensure a smooth and orderly transition of duties, leaving by the end of Q1 2011.

In October, Tessera announced the termination of further development of its wafer-level optics line for camera modules, which was part of the imaging & optics unit. In connection with this, the company will recognize a charge in Q4 2010 between $3 million and $4 million to write off the net carrying value of certain long-lived fixed assets.

As reported, this effort had been a critical part of Tessera's future growth.

- Mark LaPedus
EE Times

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