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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": "Tessera has repeatedly licensed outsourced semiconductor assembly and test companies (OSATs) instead of higher value OEM and manufacturer licensees despite OSATs having far lower revenue and margins.",
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      "text": "2012 Revenue Comparison ($ in billions)",
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      "text": "This has led to frequent complications for Tessera, including unpaid royalties, contract disputes and extensive litigation.",
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      "text": "Source: SEC Filings.",
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      "text": "Licensing Missteps: Packagers Not Manufacturers",
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