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  "documentTitle": "Tessera Technologies Inc. (TSRA)",
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  "presentationDate": "2013-04-30 00:00:00",
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  "notes": "The slide uses a combination of a summary table and a bar chart to illustrate the financial failure of the Digital Optics segment.",
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      "text": "The decision to focus on a product resulted in over $500 million of investment, limited revenue generation, and mounting losses.",
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      "text": "DOC Historical and Projected Operating Losses",
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      "text": "Tessera began to focus on Digital Optics in the mid-2000s as a new, large addressable market to grow its licensing business once the DRAM market started to mature. After spending over $150 million on technology acquisitions and having limited licensing success, the company changed its focus to building a product following the acquisition of MEMS technology from Siimpel in 2010. Initially the product focus was on a MEMS lens-actuator for camera phones, but moved to building an entire camera module for the camera phone market. After failing to find an appropriate manufacturing partner, the Company embarked on plan to buy and build their own vertically integrated manufacturing. The decision to focus on a product resulted in over $500 million of investment, limited revenue generation, and mounting losses.",
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      "text": "Source: SEC Filings. (1) Operating losses exclude allocation of corporate overhead. (2) Operating loss excludes $2.5 million of DOC restructuring charges in 2012.",
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      "text": "DOC Acquisitions and Investments since 2005",
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