Xperi Corporation (XPER) 2011年年度报告「NASDAQ」.pdf

1、T R A N S F O R M I N G T H E F U T U R Eannual reportDear Fellow Stockholders:We are pleased to report that Tessera Technologies under new leadership and substantially refi ned business strategies is well positioned to capitalize on the very large,long-term growth opportunities that we see in front

2、 of us.We ended 2011 with strong momentum in both of our businesses,with more than$492 million in cash,cash equivalents and short-term investments,and no debt.We have built both the fi nancial capacity and the management team that we need to achieve our growth and performance goals.To better refl ec

3、t our vision for the future,we have renamed our two businesses:Our Intellectual Property(IP)business is a patent-licensing business that today owns and licenses patents primarily relating to semiconductor packaging.We changed its name from“Micro-electronics”to indicate the broader scope of patent li

4、censing we envision in the future for this highly profi table business.Our DigitalOpticsTM business offers camera module and software solutions for digital still cameras and mobile devices.We changed its name from“Imaging&Optics”as we prepare to commercialize its newest products and technologies whi

5、ch have the potential to be game-changers for both the camera module industry and for our company.xFD patented semiconductor packaging technology(launched 2011)San Jose,February 2012Intellectual Property Segment Within our IP business,we license high-value patent assets and related technologies to i

6、ndustry-leading semiconductor companies.We differentiate ourselves from the competition by focusing our IP portfolio initiatives on a fi nite number of large,growing markets,and employing an integrated team of business,technical and legal professionals committed to securing long-term contracts with