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  "documentTitle": "Tessera Technologies Inc. (TSRA)",
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  "presentationDate": "2013-04-30 00:00:00",
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      "text": "Although Tessera’s IP segment is currently profitable, its financial performance has deteriorated substantially over the past few years and its profit margins are far below the margins of other intellectual property licensing companies.",
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      "text": "Although Tessera's IP segment is currently profitable, its financial performance has deteriorated substantially over the past few years and its profit margins are far below the margins of other intellectual property licensing companies.",
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      "text": "Source: S&P Capital IQ. (1) Assumes 35% of corporate overhead is allocated to IP Segment and 65% is allocated to DOC segment (based on Tessera's investor presentation filed on 4/25/2013). (2) EBITDA excludes Inventor Royalties Expense. (3) Growth rates exclude one-time patent sale in 2012.",
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      "text": "Tessera's IP Segment Has Also Underperformed",
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