SAN JOSE, Calif.--(BUSINESS WIRE)--May 20, 2004--Tessera Technologies, Inc. (Nasdaq:TSRA), a leading technology developer and services provider for semiconductor chip-scale and multi-chip packages (CSPs and MCPs), announced the voting results of its Annual Meeting of Stockholders held today in Santa Clara, California.

Tessera's stockholders approved all matters set forth in the company's proxy statement, including the elections of Patricia M. Cloherty, Borje Ekholm, John B. Goodrich, D. James Guzy, Al S. Joseph, Bruce M. McWilliams, Henry R. Nothhaft and Robert A. Young to the Board of Directors for terms ending upon the 2005 annual stockholders meeting. Philip S. Dauber retired from the Board.

The company's stockholders also approved the Company's Second Amended and Restated 2003 Equity Incentive Plan, and ratified the appointment of Pricewaterhouse Coopers LLP as independent auditors of the company for the fiscal year ending December 31, 2004.

About Tessera

Tessera develops semiconductor packaging technology that meets the demand for miniaturization and increased performance of electronic products. Tessera licenses its technology to its customers, enabling them to produce semiconductors that are smaller and faster, and incorporate more features. These semiconductors are utilized in a broad range of communications, computing and consumer electronic products.

CONTACT: Tessera Technologies, Inc.
Doug Norby, 408-894-0700 (Senior VP, CFO)
Mike Forman, 408-894-0700 (VP, Finance and Admin.)
or
Lippert/Heilshorn & Associates
Lillian Armstrong, 415-433-3777 (Investor Relations)
Moriah Shilton, 415-433-3777 (Investor Relations)
Moriah@lhai-sf.com

SOURCE: Tessera Technologies, Inc.