MIPS: MIPS Technologies, Inc. Instablogs

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Tuesday, February 5, 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. Comment! [Tech, M&A]
Thursday, January 31, 12:10 AM Notable earnings after Thursday’s close: AFFX, BCR, BKH, CAVM, CB, CTCT, CTRP, ED, EMN, FBHS, GDOT, MCK, MIPS, MITK, MTW, N, NGVC, PFG, PMCS, PWER, SPF, TLAB, TSYS, WYNN, ZOLT Comment! [Earnings]
Wednesday, January 30, 11:51 PM MIPS Technologies (MIPS): FQ2 EPS of -$0.01 beats by $0.02. Revenue of $14.6M (-5.2% Y/Y) beats by $0.8M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, January 30, 5:35 PM Notable earnings after Thursday’s close: AFFX, BCR, BKH, CAVM, CB, CTCT, CTRP, ED, EMN, FBHS, GDOT, MCK, MIPS, MITK, MTW, N, NGVC, PFG, PMCS, PWER, SPF, TLAB, TSYS, WYNN, ZOLT Comment! [Earnings]
Wednesday, January 23, 12:05 AM Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC Comment! [Earnings]
Tuesday, January 22, 5:35 PM Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC 3 Comments [Earnings]
Monday, December 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. Comment! [Tech, M&A]
Monday, December 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) 2 Comments [Tech, M&A]
Wednesday, November 21, 2012, 9:10 AM Premarket gainers: MEMS +86%. VELT +10%. SQNM +6%. MIPS +5%. CRUS +5%.
Losers: STV -43%. SCHL -23%. TLYS -15%. ACRX -10%. EBR -10%. Comment! [On the Move]
Tuesday, November 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. 1 Comment [Tech, On the Move, M&A]
Tuesday, November 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) 2 Comments [Tech, On the Move, M&A]
Tuesday, November 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) 2 Comments [Tech, M&A]
Tuesday, November 6, 2012, 9:11 AM Premarket gainers: JIVE +14%. ROSG +9%. PSTI +8%. ACAD +7%. MIPS +6%. LF +6%. CTRP +5%. VRNG +5%.
Losers: SREV -33%. Z -16%. ESRX -11%. FOSL -10%. VVUS -5%. NVO -5%. Comment! [On the Move]
Tuesday, November 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) Comment! [Tech, M&A]
Tuesday, October 30, 2012, 4:36 PM MIPS Technologies (MIPS): Q3 EPS of -$0.01 beats by $0.02. Revenue of $13.9M (-19.2% Y/Y) in-line. (PR) 1 Comment [Earnings, Tech]
Tuesday, October 30, 2012, 12:10 AM Notable earnings scheduled for Tuesday afternoon: ACPW, BNNY, CAR, CBG, CENX, DVA, DWA, EA, EQIX, FISV, GERN, GNW, HTGC, ITRI, IVR, JDSU, KIM, LGCY, MIPS, MWA, OKE, OKS, ONXX, PPO,PSMT, QEP, QUIK, SIMG, SSW, STR, STX, TRIP, TTWO, WMB, WPZ, WU Comment! [Earnings]

MIPS MIPS Technologies, Inc.

MIPS

MIPS Technologies, Inc.