Tessera Technologies Inc. (NASDAQ: TSRA) said Wednesday that the U.S. International Trade Commission has rejected the company’s claims of patent infringement
The ITC did affirm the company’s patents, but found that Tessera, which licenses miniaturization technology for electronics, did not prove that other companies infringed on them.
Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks.
Those involved, mainly computer memory chip makers, include Acer Inc., Centon Electronics Inc., Elpida Memory Inc., Kingston Technology Co., Nanya Technology Corp., Powerchip Semiconductor Corp., ProMOS Technologies Inc., Ramaxel Technology Ltd., Smart Modular Technologies Inc. and TwinMOS Technologies Inc.
Tessera said it will appeal the decision.
Tessera shares dropped $1.89, or 7.9 percent, to $22 in afternoon trading.
Follow us on Twitter: http://www.twitter.com/pennystockspro
Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Us
Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
