InfoAnda - Tessera to close Tel Aviv facility, cut jobs |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

South Africa's soothing Ramaphosa leads ANC charm offensive | | 21 December 2012
Taliban urge Afghans to kill invaders amid new protests | | 23 February 2012
Dance queen Lady GaGa fashions booming career | Entertainment | | 8 August 2009

343 pounds of sea cucumbers seized at border | 3 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Tessera to close Tel Aviv facility, cut jobs |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Pictures Working at Google Behind-the-scenes at Google offices worldwide. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Israel launches Gaza offensive, kills Hamas commander | 3:22pm EST Emails that touched off scandal described CIA director's movements 13 Nov 2012 Anti-austerity strikes sweep Europe 7:46am EST Petraeus mistress had "substantial" classified data on computer: sources | 2:16pm EST Britain condemned for "mad house" care of schizophrenia patients 13 Nov 2012 Discussed 169 Obama plans ”fiscal cliff” statement as showdown looms 114 Republicans say deal can be done on ”fiscal cliff” 90 Top Hamas commander killed in Israeli airstrike Sponsored Links Tessera to close Tel Aviv facility, cut jobs Tweet Share this Email Print Analysis & Opinion 2013: The year of tax reform Related Topics Tech » Wed Nov 14, 2012 2:33pm EST (Reuters) - Tessera Technologies Inc will shutter a plant in Tel Aviv and is looking to sell another in North Carolina as it streamlines operations at its unprofitable digital optics business that sells technology used in cellphone cameras. The DigitalOptics unit, which accounted for a quarter of Tessera's third-quarter revenue, plans to reduce its workforce by up to 40 percent, or about 180 employees. The job cuts do not involve its manufacturing operations in Zhuhai, China. Tessera has two businesses -- the intellectual property division, which licenses chip-packaging technology, and the digital optics unit. The company cut 15 percent jobs at the digital optics unit last year, and later said it will close its development facility located in Yokohama, Japan. Tessera, however, bulked up the business a few months ago, buying some assets in Zhuhai, China from Flextronics International Ltd for $29 million. DigitalOptics posted an operating loss of $23.3 million in the third quarter. "Camera module features and functions have increasing importance to consumers in the mobile phone market," Tessera CEO Robert Young said in a statement. "The changes announced today will focus DigitalOptics on that market and are an important part of driving the business towards profitability." The company said in October that it would reward Young with stock options that vest only if he completes the spinoff of the DigitalOptics business by March 31, 2015. The restructuring will be spread over the next two to three quarters and is expected to result in annualized operating expense savings of $15 million to $18 million by the second quarter of 2013, the company said. Tessera expects to take a related charge of about $4 million to $5 million in the fourth quarter of 2012 and $1 million to $2 million in the first quarter of 2013, excluding tax-related charges associated with sale of the North Carolina facility. Shares of the company were marginally up at $14.18 in afternoon trade on the Nasdaq on Wednesday. (Reporting by Sayantani Ghosh in Bangalore; Editing by Saumyadeb Chakrabarty, Sriraj Kalluvila) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 15 November 2012
Obama says to make diplomatic push on Iran nuclear program |
Chinese Communist Party to unveil new leadership |
Libya swears in first elected government |
German Greens seek path to power, possibly with Merkel |
American added to the FBI's Most Wanted Terrorists list |
Qaeda links to militants in Libya envoy attack: U.S. general |
Jilted Suu Kyi asks India to stand by democracy in Myanmar |
Adobe says user forum was breached, takes site offline |
Belize PM says McAfee bonkers, should help in murder case |
HP picks Cosco's Greek pier as regional transport hub |
Lenovo aims to raise EMEA margins by 50 percent: executive |
Tessera to close Tel Aviv facility, cut jobs |
France considers broad tax clampdown on web companies |
Twilight Saga ends with movie love letter to fans |
Billy Joel, Rihanna fight Pandora over compensation |
Jon Bon Jovi's daughter arrested after suspected drug overdose |
Warner Music among nine groups vying for Universal's Parlophone: FT |
Few family films among Hollywood's holiday movies |
UNESCO to honor opera singers Domingo and Florez |
ITV sees production growth bolstered by deals |
China's new party chief Xi gets strong mandate for action |
Hamas rocket kills three in Israel, wider war looms |
U.S. stops short of recognizing Syrian opposition body |
Cambodians held over eviction protest before Obama visit |
Myanmar to free 452 prisoners ahead of Obama visit |
IMF ready to provide funds to help Tunisia recovery |
Anti-austerity marches turn violent across southern Europe |
Leftist coca farmer presides over economic upswing in Bolivia |
U.S. concerned about arrest of citizen in South Sudan |
Texas Instruments cuts 1,700 jobs, winds down tablet chips |
Panasonic executive: panel displays to return to profit in Q4 |
Belize PM says McAfee bonkers, should help in murder case |
Groupon names Raman chief operating officer |
RIM CEO sees new BlackBerry powering growth |
NetApp profit beats; sees strong current quarter |
Judge throws out Justin Bieber paparazzo chase case |
Pulitzer-winner Lawrence Wright to publish Scientology book |
Spain agrees on aid for poor homeowners in eviction row |
Police make new arrest in Savile case |
Ireland to clarify abortion rules after woman's death |
Protests flare in Mozambique over bus fare hikes |
Russia threatens tough response if U.S. backs rights bill |
Pakistan to consider releasing former Taliban No.2: officials |
Greek protesters storm German meeting, target diplomat |
Telefonica launches Microsoft video platform |
Wacky record-setters triumph on Guinness records day |
Book Talk: The tale of Napoleon's second wife |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01