UPDATE 2-Tessera revises Q4 revenue view lower; shares fall

jueves 7 de enero de 2010 00:39 CET

* Sees Q4 rev $56 mln vs est $61.3 mln

* Sees Q1 rev $59-61 mln vs est $64.5 mln

* Says received lower royalties from 2 large customers (Adds details)

By Ashutosh Joshi

Jan 6 (Reuters) - Chip technology developer Tessera Technologies Inc TSRA.O on Wednesday cut its fourth-quarter revenue estimate due to lower-than-expected royalties from two key customers, sending its shares down 9 percent.

The company, which licenses chip technology to a host of companies including Intel Corp (INTC.O: Cotización), Sony Corp (6758.T: Cotización) and Siemens AG (SIEGn.DE: Cotización), also forecast first-quarter revenue below Wall Street estimates.

Tessera said royalties from two of its large micro-electronics customers were lower as they received volume-based pricing incentives.

For the fourth quarter, the company expects revenue of $56 million, down from its earlier view of $60 million to $62 million.

Analysts, on average, expected the company to report revenue of $61.3 million, according to Thomson Reuters I/B/E/S.   Continuación...