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Tuesday, January 3, 2012

MoSys Inc. (MOSY) Soars on Patent Sale

Shares of MoSys Inc. (NASDAQ:MOSY) surged Friday on news the company agreed to sell 73 patents to a subsidiary of Tessera Technologies (NASDAQ:TSRA) for $35 million.

MoSys closed Friday at $4.20, gaining $1.23, or 41.41 percent. They traded in a range of $3.21 to $4.75 on the day, with a total of 2,064,147 shares changing hands. They have a market cap of just over $161 million.

Tessera Technologies closed Friday at $16.75, dropping $0.12, or 0.71 percent. They traded in a range of $16.73 to $16.99 on the day. They have a market cap of just above $863 million.

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