Forward-looking statements involve risks and uncertainties that could cause actual results to differ significantly from those projected, particularly with respect to the Company's strategic plans, market opportunities, financial targets and projections, value creation and stockholder returns. This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition, we have reconstituted the Board to include the right mix of independent and highly experienced directors to oversee the continued execution of our strategy for sustainable growth and profitability.' 'Our strategy of innovation and partnership brings tangible value to our customers. 'In stark contrast, your Board and management remain steadfastly focused on executing on our strategic plan to generate greater value for all stockholders,' continued Mr. We strongly believe that converting Tessera to the UPIP business model - as Starboard's letter has made clear its intention - would destroy value for Tessera stockholders. Feld became chairman of UPIP, its revenues have plummeted to almost nothing, and the stock has significantly underperformed both its peer group and the broader market. Feld's abysmal track record as Chairman of UPIP should cause grave concern among Tessera's stockholders about this strategy. However, Starboard's letter does make clear that - should it take control of the Tessera Board - Starboard intends to convert Tessera into a 'patent troll' in the model of UPIP. Feld is clearly grasping at straws with his endless misguided rhetoric on matters that have been addressed already and frankly don't merit further comment. Feld as a potential director of the Company. 'Tessera's Board strongly believes that this conflict of interest disqualifies Mr. Hill, interim CEO and executive chairman of Tessera. 'We are gratified that Starboard has finally admitted in today's letter that Unwired Planet ('UPIP'), whose board is led by Starboard nominee Peter Feld, is a direct competitor of Tessera's,' said RichardS.

The Company urges stockholders to not be misled by Starboard's misinformation campaign and to vote FOR the Tessera nominees on the GOLD card in order to protect the value of their investment.

( NAS: TSRA) ('Tessera' or the 'Company') today issued a statement in response to Starboard Value LP's ('Starboard') open letter to Tessera stockholders in connection with the Company's 2013 Annual Meeting scheduled on May 23, 2013. Search new homes Search Search Please enter a valid location or select an item from the list.SAN JOSE, Calif.-( BUSINESS WIRE)- Tessera Technologies, Inc.

Tessera logo