12/2/2023 0 Comments Tessera technologies value of ip![]() And so from our advantage point, the target is recurring revenues. One other things that I articulated in the last quarterly announcement was that one of the things, failure for us is having to sue someone, because I don’t think it sets up the right dynamic between the supplier and the customer. The last thing you want to do is sue your customer, okay. ![]() Well, it’s a royalty based business largely. In the end though, it all comes down to a licensing business, is it a settlement based business or is it a royalty based as per the Dolby model? And so that’s how I like to characterize the business. And so we are in the ladder which is sort of the Dolby model where an Unwired Planet is in the troll model. So, the semiconductor industry can continue to get smaller, faster, and cheaper. There are other types of IP companies like Tessera and Dolby where they have this core technology and competitive advantage in a given area, and they build an entire portfolio of technology – core technology that isn’t enabling some part of the food chain within electronics and then they monetize it by literally partnering with a customer and continuing to develop that technology. They sue those people try to monetize the patents, that’s one type of IP company. The company gets flumped with, there are two types of IP companies, one type of IP company is emerging today which is a troll business, and that is it’s a company that’s created and the company that comes to mind is the Unwired Planet, where they acquire patents, they go with a bunch of attorneys to potential defendants or targets. We have sensed change directions, gotten out of that vertical manufacturing, and are back focused on monetizing the IP of that business, but we monetize that IP by developing it, enabling it by being able to show it to people what it’s performance capabilities are and then with the goal of licensing the ability to produce it and bring it to the marketplace. And the company is very well positioned with its IP, but over the last four years, it has sort of diverted a little bit, and I can only give you a retrospective history from the standpoint of it started to develop a vertical manufacturing capability within the DOC business. ![]() And more and more imaging is going on at sort of the battle front for mobile computing as well as mobile communications. That really allows you to bring SLR type performance to basically mobile applications, cell phones, iPads, those type of things. Packaging technology that was developed internally and then licensed to the semiconductor industry, in particular, memory manufacturers, and we built a core of IP both through internal development and selective acquisition and have a steady stream of what I like to call recurring revenue that is generated from licenses from major semiconductor manufacturers.Ībout four years ago, the company embarked on an effort in what’s called digital optics, which is a new technology using MEMS technology and again building a core portfolio of technology within it. And we are an IP company that was founded really on packaging technology. Tessera is a small cap company located in the Bay Area. Rick, for my benefit, perhaps, you could just talk about what it is that Tessera does, because I guess I got familiar with the name through some of the work you are doing in optics, and I understand that a little bit of shift has taken place, since I first got to know of the company. So, my questions are really sort of coming at it from 60,000 fee, and I am sure that some of you will want to get into the weeds, but we will get there. ![]() And I am delighted this morning to have Rick Hill, CEO of Tessera. I am the applied and emerging technology analyst here at JPMorgan covering now alternative energy. Welcome to the JPMorgan Technology Conference, the 41st which is pretty amazing. (TSRA) JPMorgan Global Technology, Media and Telecom Conference Call 8:40 AM ET
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