New CFO Brings More Than 30 Years of Technology Company Financial Expertise
SAN JOSE, Calif.--(BUSINESS WIRE)--
Tessera Technologies, Inc. (NASDAQ:TSRA), a leading provider of
miniaturization technologies for the electronics industry, announced
today Michael Anthofer has been named executive vice president and
CFO, effective immediately. Anthofer will report to CEO and President
Henry R. "Hank" Nothhaft and be responsible for the company's finance,
accounting, strategic planning and investor relations.
"We are delighted Mike has agreed to join the Tessera management
team," said Nothhaft. "His wide-ranging experience in fast-growing
technology-based companies both public and private, leadership
ability, financial acumen, and team-building skills are exactly what
Tessera is looking for in a CFO. I have worked with Mike previously
and know firsthand, based on his track record, he has the ability to
guide our finance team as we continue to grow our worldwide business."
"Tessera is an innovative and exciting company with outstanding IP
and technology, and a successful acquisition strategy," stated
Anthofer. "I look forward to working with my new team to further
expand Tessera's business footprint and help manage and execute its
long-term growth strategy."
Anthofer, 56, joins Tessera from Kodiak Networks Inc., a privately
held provider of mobile solutions to wireless providers he joined in
2003 as vice president and CFO. Prior to Kodiak, he served as senior
vice president and CFO of Smartpipes Inc., a maker of network access
control software. Before joining Smartpipes, Inc., in 2001, Anthofer
was senior vice president and CFO of Concentric Network Corp., which
merged with Nextlink Communications to form XO Communications.
Anthofer grew the company from $2 million in annual revenue to over
$250 million in five years and was instrumental in taking the company
public in August of 1997. Prior to Concentric he served as executive
vice president and CFO of Shared Resources Exchange Inc., a digital
switching equipment maker. Earlier, he held several vice president
level positions at DSC Communications Corporation, a Fortune 1000
Anthofer earned an M.B.A. from the Haas School of Business at the
University of California at Berkeley and a B.S. in Business
Administration from U.C. Berkeley.
Anthofer succeeds Charles A. Webster, who resigned Sept. 19, 2008.
John Keating, senior vice president, corporate development, had been
serving as interim CFO while the company conducted a search for a new
Tessera is a leading provider of miniaturization technologies for
the electronics industry. The company licenses its innovations, as
well as delivers products based on these innovations to promote the
development of the supply chain infrastructure, thus enabling
manufacturers to get the right product to market, at the right time.
Tessera is headquartered in San Jose, California. For information call
1.408.894.0700 or go to www.tessera.com.
Safe Harbor Statement
This press release contains forward-looking statements, which are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ
significantly from those projected. Material factors that may cause
results to differ from the statements made include delays, setbacks or
losses relating to our intellectual property or intellectual property
litigations, or any invalidation or limitation of our key patents;
fluctuations in our operating results due to the timing of new license
agreements and royalties, or due to legal costs; changes in patent
laws, regulation or enforcement, or other factors that might affect
our ability to protect our intellectual property; the risk of a
decline in demand for semiconductor products; failure by the industry
to adopt our technologies; competing technologies; the future
expiration of our patents; the future expiration of our license
agreements and the cessation of related royalty income; the failure or
refusal of licensees to pay royalties; failure to achieve the growth
prospects and synergies expected from acquisition transactions; and
delays and challenges associated with integrating acquired companies
with our existing businesses. You are cautioned not to place undue
reliance on the forward-looking statements, which speak only as of the
date of this release. Tessera's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for the
year ended December 31, 2007 and its Quarterly Report on Form 10-Q for
the quarter ended June 30, 2008, include more information about
factors that could affect the company's financial results.
Tessera and the Tessera logo are trademarks or registered
trademarks of Tessera Inc. or its affiliated companies in the United
States and other countries. All other company, brand and product names
may be trademarks or registered trademarks of their respective
Source: Tessera Technologies, Inc.