Tessera Technologies Announces First Quarter 2012 Investor Events

SAN JOSE, Calif. — (BUSINESS WIRE) — December 21, 2011 — Tessera Technologies, Inc. (Nasdaq: TSRA) (the “Company”) announced today upcoming investor events in the first quarter of 2012.

Needham Growth Conference

The Company will present at the 14th Annual Needham Growth Conference at the New York Palace Hotel in New York on Tuesday, Jan. 10, 2012 at 11:20 a.m. ET/8:20 a.m. PT. Presenting from the Company will be Robert A. Young, chief executive officer and president.

The presentation will be webcast live and available by visiting the investor relations portion of the Company's web site at www.tessera.com. In addition, a replay of management's presentation will be available at the Company's web site for a period of 30 days.

Fourth Quarter 2011 Results

The Company will announce its fourth quarter ended Dec. 31, 2011 earnings results after the market closes on Thursday, Jan. 26, 2012. The Company will host an earnings conference call at 5:00 p.m. ET/2:00 pm. PT.

Concurrent with the publication of its earnings press release, the Company will post to its website management’s prepared remarks regarding the Company’s quarterly performance. These prepared remarks are being made available prior to the conference call in order to provide the investment community with additional time to analyze the Company’s results. The conference call will include management’s introductory remarks, followed by a Q&A session.

To access the Company’s fourth quarter of 2011 earnings conference call in the U.S., please dial 877-290-8631, and for international callers dial 706-643-3789, approximately 10 minutes prior to the start of the conference call. The conference call will also be broadcast live over the Internet and available for replay for 90 days at www.tessera.com. In addition, a replay of the call will be available via telephone for two business days, beginning two hours after the call. To listen to the telephone replay in the U.S., please dial 855-859-2056. International callers please dial 404-537-3406. Enter access code 39299073.

2012 Annual Meeting of Stockholders

The Company announced that its 2012 Annual Meeting of Stockholders will be held on Friday, March 30, 2012 at 2:30 p.m. PT at the Company’s principal executive offices at 3025 Orchard Parkway, San Jose, CA 95134.

Because the date of the 2012 Annual Meeting of Stockholders is more than 30 days before the anniversary of the date of the 2011 Annual Meeting, in accordance with the requirements for advance notice set forth in the Company’s bylaws, a stockholder that desires to nominate a director candidate or introduce a stockholder proposal from the floor of the 2012 Annual Meeting of Stockholders must submit that proposal or nomination in writing to the Company’s Secretary at the address below no later than Dec. 31, 2011. The written proposal or nomination must comply with the Company’s bylaws. The Chairman of the Annual Meeting of Stockholders may refuse to acknowledge or introduce any stockholder proposal or the nomination of any person made after Dec. 31, 2011, or that does not comply with the Company’s bylaws. Any stockholder proposal or nomination must be delivered to the Company’s Secretary at Tessera Technologies, Inc., c/o Bernard J. Cassidy, Secretary, 3025 Orchard Parkway, San Jose, CA 95134.

The deadline for submitting a stockholder proposal to be considered for inclusion in the Company’s proxy materials for the 2012 Annual Meeting of Stockholders, in accordance with Rule 14a-8 under the Securities Exchange Act of 1934, was Dec. 15, 2011.

Safe Harbor Statement

This document contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ significantly from those projected, particularly with respect to the dates of and the participants in the Needham Growth Conference, the Q4 earnings conference call, and the 2012 Annual Meeting of Stockholders. Material factors that may cause results to differ from the statements made include changes to the plans or operations relating to the Company’s businesses and groups, market or industry conditions; the future expiration of license agreements and the cessation of related royalty income; the failure or refusal of licensees to pay royalties; delays, setbacks or losses relating to the Company’s intellectual property or intellectual property litigation, or any invalidation or limitation of key patents; fluctuations in operating results due to the timing of new license agreements and royalties, or due to legal costs; changes in patent laws, regulation or enforcement, or other factors that might affect the Company’s ability to protect our intellectual property; the risk of a decline in demand for semiconductor products; failure by the industry to adopt technologies covered by the Company’s patents; and the future expiration of the Company’s patents. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. The Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2010 and Form 10-Q for the period ended Sept. 30, 2011, include more information about factors that could affect the Company's financial results. The Company assumes no obligation to update information contained in this press release. Although this release may remain available on the Company's website or elsewhere, its continued availability does not indicate that the Company is reaffirming or confirming any of the information contained herein.

About Tessera Technologies, Inc.

Tessera Technologies, Inc, through its subsidiaries, develops, invests in, licenses and delivers innovative miniaturization technologies and products for wireless and computing products. The Company is headquartered in San Jose, California. More than 65% of the Company's employees are dedicated technologists or inventors. The Company's micro-electronics solutions enable smaller, higher-functionality devices through chip-scale and wafer-level packaging, silicon-level interconnect and 3-D packaging, as well as silent air cooling technology. The Company's imaging and optics solutions provide cost-effective, high-quality camera functionality in consumer electronic products through technologies that include Extended Depth of Field (EDoF), zoom and MEMS-based auto-focus. The Company also offers custom micro-optics for semiconductor lithography, communications, medical, industrial and other applications. For information call 1.408.321.6000 or go to www.tessera.com .

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