Guys, here's a new one to look at while BSC hovers in the $10 to $11 range - TSRA (Tessera Technologies). I think it's good for a momentum-based trade:
AP - Tessera Shares Soar After ITC Decision
Friday March 28, 12:03 pm ET
Tessera Shares Soar in Premarket Trading After Company Says ITC Overturns Patent Stay Order
SAN JOSE, Calif. (AP) -- Shares of Tessera Technologies Inc. soared 65 percent in premarket trading Friday after the company said the International Trade Commission overturned an administrative law judge's order to stay a wireless patent case against Motorola and others.
Tessera provides miniaturization technologies for the electronics industry. The patents relate to chip packages, which carry electrical signals between chips and computers and protect the chips from contamination.
Tessera said has not yet received a written notice from the ITC but expects it will be available "shortly."
A Motorola spokeswoman said Friday the company is reviewing the decision.
Tessera's shares rose $6.04, or 36.6 percent, to $22.53 in midday trading. The stock has traded between $11.11 and $46.43 in the past year.