Tessera: ITC Finds No Infringement of Wireless Patents

Tessera Technologies is disappointed tonight after the Administrative Law Judge overseeing its patent infringement case against Advanced Micro Devices, Fresscale Semiconductor, Motorola, Qualcomm, Spansion and STMicroelectronics judged for the semiconductor companies. The company was hoping for a judgment in its favor and an accompanying windfall–instead, its share price dropped 44 percent today.