Tessera announced that it is exploring a possible separation of Imaging & Optics business. The company is evaluating multiple alternatives, including spin-off.
Tessera has not set a timetable for completing its exploration and there can be no assurance that the process will result in any transaction. The company does not expect to make further public comment regarding these matters unless a definitive agreement or other commitment for any transaction is reached.
I hope those Tessera Imaging and Optics employees who didn't get the axe in Feb are now busily preparing their resumes....
ReplyDeleteWafer level optics and packaging is the only meaningful business. EDOF business is no longer attractive - not many are interested in EDOF nowadays (esp. in cellphones). IP machine at Tessera is not fast enough. OVT was quick to buy patents from Kodak. Tessera should have done that....I feel Tessera days are numbered.
ReplyDelete