Tessera Shares Soar After ITC Decision

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."

In a statement, Motorola said it's disappointed and "firmly believes that it has a strong case on the merits and is fully, albeit reluctantly, prepared to present its case at the appropriate time."

Tessera's shares rose $6.04, or 36.6 percent, to $22.53. The stock has traded between $11.11 and $46.43 in the past year.