The amount included non-cash charges of $6.6 million for stock-based compensation, $2.9 million for amortization of acquired intangibles and $2.4 million in impairment charges related to investments.

Net income for the third quarter was $387,000, or $0.01 per diluted share. Royalty and license fees were $57.6 million, driven by DRAM and wireless unit growth and customer self-audits. “Strong demand for cell phones in emerging markets and greater numbers of smart phone shipments continued in the industry’s third quarter,” explains Henry Nothhaft, president and CEO.
 
The third quarter saw a total revenue of $63.5 million, as well as a product and service revenue of $5.9 million. According to Michael Anthofer, CFO, “The strong quarter brought an increase in cash, cash equivalents and investments of $10.9 million over the second quarter to $286.8 million.”
 
Tessera was also proactive in protecting its intellectual property. It was involved in two hearings of its International Trade Commission (ITC) actions. Litigation expenses for the quarter came in at just over $29 million.
 

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