Based on its strong earnings history and its expectations of continued profitability, Tessera recognized a $24.7 million income tax benefit in the quarter based on the reversal of the valuation allowance against its deferred tax asset, which consists mainly of net operating losses (NOL) carried forward from prior periods. This is a non-recurring, non-cash item.

(February 4, 2005) Cary, N.C. &#8212 Coventor announces the promotion of Joost van Kuijk, Ph.D. to VP of marketing and business development. After managing European technical operations for more than 6 years, van Kuijk will develop a new marketing vision for Coventor and the industry alike.