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Further the company provided revenue outlook for the fourth quarter and full year 2006. In a separate release, the company also announced it has signed a new technology licensing agreement with NXP, formerly Philips Semiconductors, one of Europe's largest semiconductor companies. Under the terms of the agreement, NXP has licensed Tessera's semiconductor packaging technology for use across NXP's semiconductor device portfolio.

The San Jose, California-based company's net income attributable to common stock holders for the third quarter surged to $47.36 million or $0.98 per share from $5.

03 million or $0.11 per share in the year ago quarter. The latest quarter results included stock compensation-selling, general and administrative of $2.

8 million, amortization of acquired intangibles of $0.69 million and adjustment for acquired inventory of $0.91 million.

Excluding charges, the company's pro forma net income for the third quarter was $85.08 million or $1.75 per share, compared to $8.

03 million or $0.17 per share in the same period last year. On average, four analysts polled by First Call/ Thomson Financial estimated earnings of $0.

99 per share. The company's total revenue for the third quarter rose to $110.5 million from $19.

74 million in the prior year quarter. Wall Street analysts were looking for revenue of $108.32 million.

Of this, revenue from royalty and license fees grew to $25.92 million from $14.11 million in the previous year.

Past production payments revenue was $76.0 million, compared to $1.16 million prior year.

Product and service revenues rose to $8.62 million from $4.47 million in the prior year.

The company posted operating income of $78.91 million, compared to $6.87 million in the year ago quarter.

For the nine months ended September 30, the company's net income attributable to common share holders increased to $47.51 million or $0.99 per share from $24.

7 million or $0.52 per share last year. The company's year-to-date revenue climbed to $158.

46 million from $70.10 million in the year ago period. Looking ahead, for the fourth quarter, Tessera expects total revenue between $49million and $50 million.

Analysts project revenue of $42.38 million for the quarter. Other income is projected to be $1.

8 million. For the full year 2007, Tessera lifted total revenues outlook to be in the range of $207- $208 million from previous guidance given of $195 million to $200 million. Street analysts expect revenue of $198.

64 million. Other income is anticipated to be $6 million. TSRA closed Wednesday's regular trading session at $33.

36, down $1.55 or 4.44%, on a volume of 1.

16 million shares. In after hours trading, the shares gained $2.39 or 7.

16% to $35.75.