Xperi (XPER)

[NukeJohn]

Battling through that $20 Resistance

Looks like Tessera is trying to break through that $20 barrier today.

The technicals still look good and if it closes above $20...it should be free from the resistance.

FWIW, with ~$10.50/share in the bank and non-GAAP net income from last year at $1.15/share.....$20 per share looks pretty cheap right now, especially with the MEMS opportunity and the xFD patents (and Silent Air Cooling?). They appear to have the upper hand in all their current litigation...which should lead to some significant settlements this year. Once Tessera clears the $20 hurdle, they should run a few dollars into the mid 20's.

Many people look at Tessera and think they lost $$ last year. In reality, Tessera was forced to take a ~$50 Million charge for Goodwill impairment when their stock dropped last August. That makes them appear as if they were unprofitable last year...but they just kept innovating and socking money in the bank.

Here are a few links woth reviewing....

http://www.stockta.com/cgi-bin/analysis.pl?symb=TSRA&cobrand=&mode=stock

http://www.barchart.com/opinions/stocks/TSRA

here's the P&F Chart (double top breakout Jan 18th with a bullish Price objective of $31.5)

http://stockcharts.com/def/servlet/SC.pnf?c=TSRA,P&listNum=


JMHO,

NJ