- Tessera technologies inc memory disk sale driver#
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- Tessera technologies inc memory disk sale license#
WHEREAS, the respective Boards of Directors of Parent and the Company have determined that the Merger is in furtherance of and consistent with their ) upon the terms and subject to the conditions of this Agreement and in accordance with the General Corporation Law of the State of Delaware (the WHEREAS, the respective Boards of Directors of Parent, Merger Sub and the Company have approved and declared advisable the merger of Merger Sub with and ), and YURY PRILUTSKY, as agent for the holders of Equity Interests of the Company (the
), FORT KNOX MERGER SUB, INC., a Delaware corporation and a wholly owned subsidiary of Parent (
Tessera technologies inc memory disk sale trial#
Governing Law Consent to Jurisdiction Waiver of Trial by JuryĪGREEMENT AND PLAN OF MERGER, dated as of January 31, 2008 (this ∺greement), by andĪmong TESSERA TECHNOLOGIES, INC., a Delaware corporation ( Termination, Amendment and WaiverĬharacterization of Indemnity and Milestone PaymentsĮxercise of Remedies by Indemnitees other than Parent Indemnification of Company Directors and OfficersĬonditions to Obligations of Each Party Under This AgreementĪdditional Conditions to Obligations of Parent and Merger SubĪdditional Conditions to Obligations of the CompanyĪrticle 7. Restricted Stock Issuance and Option Grants Written Consent in Lieu of Stockholders Meeting Ownership of Merger Sub No Prior ActivitiesĬonduct of Business by the Company Pending the Closing Organization and Qualification Subsidiaries Representations and Warranties of Parent and Merger Sub Liabilities Insolvency Accounts ReceivableĪrticle 4. Permits Compliance With Law Statutory Demand No Conflict Required Filings and Consents Representations and Warranties of the CompanyĬertificate of Incorporation and By-laws Corporate Books, Records, Statutory Books and Powers of Attorney Conversion of Securities Exchange of CertificatesĪrticle 3. TESSERA TECHNOLOGIES INC - 10-K - 20080229 - EXHIBIT_2Īrticle 2.
The following is an excerpt from a 10-K SEC Filing, filed by TESSERA TECHNOLOGIES INC on. We therefore have an Underperform rating on TSRA shares, supported by a target price of $13.00 (37.1X P/E based on 2013 earnings estimate).TESSERA TECHNOLOGIES INC - Annual Report (10-K) EXHIBIT 2.4 Therefore, despite the significantly higher earnings power, we consider investment in the shares risky. Tessera is also in legal battles with other big customers, such as Amkor and Powertech.Īdditionally, the shares are trading at a significant premium (115.4%) to the peer group based on our estimates for 2013, while historically, the maximum premium has been just 13.5%.
Tessera technologies inc memory disk sale license#
First, Micron, a major customer, was due to renew its license in May this year, but there is still no news that this has in fact been done. Tessera's near-term revenues are at risk. However, protection of intellectual property ( IP) for a company this small is a challenge, as are the inherent pricing pressures in the sluggish DRAM market.
Tessera technologies inc memory disk sale driver#
Its technology enables miniaturization of electronic goods, which is a driver of IC sales in the market today. ( TSRA) is a provider of back-end technology for semiconductor manufacturing.
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