Volume Surge: Tessera Tech (TSRA)

Posted in General 
May 21st, 2009

Tessera Technologies, Inc. (NASDAQ: TSRA) is seeing a surge in pre-market trading.  This is never in the most active stocks, yet it is one of the most active of NASDAQ tech stocks so far.  Shares are up 20% just over $20.00 as of 9:13 AM EST and we are already over 370,000 shares.  Average daily volume is only 645,000.  Its 52-week trading range is $8.33 to $24.84.

The company won a chip dispute in the ITC, which means that companies like Qualcomm (QCOM), Motorola (MOT), Spansion, Freescale, and others may have to start paying royalties if the appeals are not favorable.

JON OGG

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