Seeking Alpha

MIPS (MIPS +6.7%) rallies after receiving an upgrade to Buy from Benchmark's Gary Mobley, who...

MIPS (MIPS +6.7%) rallies after receiving an upgrade to Buy from Benchmark's Gary Mobley, who thinks the present royalty value of MIPS' patent portfolio is $3.40/share, or nearly half its current stock price. Mobley adds a court could find "some portion of MIPS' competition" is violating its IP. It was reported last month that MIPS has hired Goldman to find a buyer, and a later report claimed AMD is among the interested parties.
Comments (1)
  • maddbobbs
    , contributor
    Comment (1) | Send Message
     
    I got in at $6.00 - seems like an alright long term play, especially with their new processor line that will go head to head with AMD in more applications now. If nothing else, their IP portfolio is a valuable asset, and they are one of only a few companies that are making any dent in the nascent (and may never accelerate) integrated lighting marketplace.
    15 May 2012, 01:32 PM Reply Like
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