MIPS Technologies, Inc.NASDAQ
MIPS is defunct.
  • Feb. 5, 2013, 5:28 PM

    MIPS (MIPS) announces shareholders will get a total consideration of $8.01/share in cash for the sale of the company's IP to a consortium led by ARM, and the company's CPU core business to Imagination Tech (IGNMF.PK). A shareholder meeting to approve the deals has been set for Feb. 6. MIPS closed today at $7.90.

    | Feb. 5, 2013, 5:28 PM
  • Dec. 17, 2012, 9:41 AM

    It looks like the bidding war is finally over. MIPS (MIPS +0.9%) and Imagination (IGNMF.PK) have again agreed to a revised purchase price for MIPS' CPU core business. This time it comes in at $100M, up from last week's $80M and November's $60M. CEVA (CEVA -1%), which made a $90M offer 6 days ago, says it will refrain from further bids. MIPS' total consideration for its asset sales now stands at $7.94/share.

    | Dec. 17, 2012, 9:41 AM
  • Dec. 10, 2012, 4:00 PM

    Imagination Tech (IGNMF.PK) will now be paying MIPS (MIPS +1.2%) $80M to buy what will remain of it (i.e. its CPU core business) following a patent sale. Imagination's new offer trumps a $75M bid from CEVA (CEVA -0.3%), which in turn was above Imagination's original $60M offer. ARM (ARMH) would probably prefer that CEVA acquire what passes for its largest CPU core rival, rather than GPU core leader Imagination. MIPS' total proceeds from the two sales now stand at $7.64/share. (PR)

    | Dec. 10, 2012, 4:00 PM | 2 Comments
  • Nov. 20, 2012, 5:11 PM
    MIPS has resumed trading following news of CEVA's offer for its CPU core licensing business, and is currently up 5% AH. That translates into nearly a $20M increase in market cap even though the difference between CEVA and Imagination's (IGNMF.PK) offers is only $15M. The Street seems to think a bidding war is on the way.
    | Nov. 20, 2012, 5:11 PM | 1 Comment
  • Nov. 20, 2012, 4:44 PM
    MIPS discloses it has received an unsolicited bid from CEVA to acquire what will remain of the company after a patent sale to an ARM-led consortium is finished for $75M in cash. That trumps a $60M offer from GPU core developer Imagination (IGNMF.PK). MIPS' board is evaluating the offer. If CEVA's offer wins out, MIPS' CPU core business would complement CEVA's DSP core business, and could also yield synergies for its chip platform business. MIPS halted. CEVA -0.6% AH. (PR)
    | Nov. 20, 2012, 4:44 PM | 2 Comments
  • Nov. 6, 2012, 9:42 AM

    More on MIPS: While a consortium featuring ARM (ARMH -0.1%) is buying most of MIPS' (MIPS +1.6%) patents, GPU core developer Imagination Tech (IGNMF.PK) is buying its CPU core licensing business and 82 patents for $60M. The purchase will allow Imagination, whose GPU core leadership is being challenged by ARM, to return fire by going after ARM's CPU core hegemony. MIPS' proceeds from the two deals amount to $7.31/share, a 4% premium from yesterday's close. Shares had already been bid up on M&A expectations. (PR)

    | Nov. 6, 2012, 9:42 AM | 2 Comments
  • Nov. 6, 2012, 5:54 AM

    ARM Holdings (ARMH +1.4%) has a joined consortium called Bridge Crossing that has agreed to pay $350M to acquire the rights to a patent portfolio owned by MIPS Technologies (MIPS). ARM's contribution will be $167.5M. The portfolio includes 580 patents and patent applications covering microprocessor and system-on-chip designs, as well as related technology. (PR)

    | Nov. 6, 2012, 5:54 AM
  • Aug. 31, 2012, 12:20 PM
    Will MIPS' (MIPS +3.8%) efforts to find a buyer soon bear fruit? Benchmark's Gary Mobley thinks so: he claims a meeting with management left him remaining confident the CPU core developer/patent holder's "assets will be broken up and sold within the next four months." Mobley, who has a $10 PT, sees U.K.-based graphics core developer Imagination (IGNMF.PK) as the most logical buyer, but thinks a bid from ARM (ARMH), CEVA, or Synopsys (SNPS) is also possible.
    | Aug. 31, 2012, 12:20 PM
  • Aug. 10, 2012, 2:03 PM
    MIPS gains 2.6% after it cancels plans to present at an upcoming conference, thereby fueling a new round of buyout speculation: AMD has been named as a potential buyer (less likely now, in light of AMD's selloff), and the chip IP firm has reportedly hired Goldman to help facilitate a sale.
    | Aug. 10, 2012, 2:03 PM
  • Apr. 16, 2012, 12:31 PM
    AMD is one of the companies interested in acquiring MIPS Technologies (MIPS -2.7%), according to BSN, now that the #2 developer of CPU core designs (behind market colossus ARMH) is on the block. Buying MIPS would help AMD reduce its PC dependence, and also fit into its plans to develop chips featuring 3rd-party IP. However, BSN thinks CFO Thomas Seifert, the man said to "effectively run" AMD, could stand in the way.
    | Apr. 16, 2012, 12:31 PM | 3 Comments
  • Apr. 13, 2012, 11:26 AM

    Craig Hallum likes the timing of MIPS Technologies (MIPS -2.5%) plan to find a buyer of itself. The firm sees MIPS' valuable IP portfolio helping it command a lush premium ($10-$14) from an acquirer coming on the heels of the AOL-MSFT deal.

    | Apr. 13, 2012, 11:26 AM