TSRA faces stockholder challenge to Board of Directors

Update February 1, 2012 – BUSINESS WIRE — Tessera Technologies, Inc. (NASDAQ:TSRA) announced that, after a series of discussions with Starboard Value LP, together with its affiliates, Starboard has agreed in writing to rescind its nomination notice for the election of directors at the upcoming 2012 Annual Meeting of Stockholders.

"After constructive discussions with Tessera Technologies, Inc., we have decided not to move forward with the nomination of directors at the 2012 annual meeting. Based on the Company

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