When boards or investor groups suspect that a firm has fallen into "IP Complacency" and is failing to fully utilize its IP assets, they typically hire expert IP strategy and valuation firms to explore other strategic options for maximizing the value of those IP assets. This trend is only growing, as IP increasingly becomes recognized as the chief engine of corporate wealth creation in the Knowledge Economy. The result in only one year was a dramatic turnaround that saw Tessera’s stock double in value and its earnings grow from a $151 million loss in 2013 to a $175 million gain in 2014.ĪOL, Technicolor, and publicly-held IP licensing companies like Acacia and RPX - all have come under the scrutiny of activist investors seeking to put and end to "IP Complacency" and to maximize the value of those companies’ IP portfolios. over the firm’s failure to rein in costs and successfully license its extensive patent and technology holdings. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.Three years ago, for example, Starboard Partners pressed for the election of a new board and CEO at Tessera Technologies, Inc. Xperi, Adeia, DTS, IMAX Enhanced, HD Radio, Perceive, TiVo and their respective logos are trademarks or registered trademarks of affiliated companies of Xperi Holding Corporation in the United States and other countries. Xperi technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for partners, customers and consumers. Xperi technologies, delivered via its brands (Adeia, DTS, HD Radio, IMAX Enhanced, TiVo), and by its startup, Perceive, make entertainment more entertaining, and smart devices smarter. Xperi invents, develops, and delivers technologies that enable extraordinary experiences. degrees in history and political science from the University of California, San Diego. Davis holds a Juris Doctor from the University of California, Hastings College of the Law, graduating magna cum laude, and B.A. Before joining the company, he was an attorney at Skadden, Arps, Slate, Meagher & Flom LLP, with a focus on mergers and acquisitions, corporate securities matters and corporate governance. Paul joined the Company in 2011 and in 2013 was promoted to Senior Vice President, General Counsel and Corporate Secretary of Tessera Technologies, Inc., the predecessor to Xperi Corporation before the acquisition of DTS, Inc. Davis currently serves as Chief Legal Officer and Corporate Secretary at Xperi. I am excited to lead the talented team at Adeia as we extend our IP leadership position through continued innovation and expansion of our IP licensing platform.” Paul Davis said, “Following separation, Adeia will be the leading independent IP licensing business, driven by its pioneering media and semiconductor innovations. Furthermore, his demonstrated leadership and commitment over many years gives the board strong confidence he is the right leader for Adeia’s next chapter as an independent public company.” “Paul has deep knowledge of the IP licensing business and a clear understanding of the nuances and challenges of running a public company. “After a comprehensive search, the Board of Directors has unanimously decided to promote Paul Davis as Adeia’s new CEO,” said Jon Kirchner, Chief Executive Officer at Xperi. Additional executive leadership appointments will be determined over the coming months as the separation process progresses. Davis will serve as the President of Adeia and continue in his role as Chief Legal Officer of Xperi. Davis as Chief Executive Officer of Adeia, the intellectual property (IP) business of Xperi, effective upon completion of its separation as a stand-alone company later this fall. Xperi Holding Corporation (NASDAQ: XPER) (“Xperi” or the “Company”) today announced the appointment of Paul E.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |