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MIPS Technologies, Inc. (MIPS)

- NASDAQ
MIPS is defunct.
  • Nov. 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%.
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  • 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.
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  • 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)
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  • Nov. 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%.
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  • 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.
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  • Aug. 15, 2012, 6:14 PM
    More on MIPS Technologies (MIPS): FQ4 earnings beat on the bottom line, but come up slightly short on the top line, in spite of a big jump in total revenue. Revenue from royalties was $10.6M, license revenue $27.8M, including its Broadcom license. Licensee royalty units grew to 708M units from 656M units in FY'11. Shares +1.7% AH.
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  • 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.
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  • Jul. 3, 2012, 10:42 AM
    MIPS (MIPS -2.1%) trades lower after reaching a patent licensing deal with Broadcom (BRCM +0.6%). In exchange for $26.5M plus "other consideration," Broadcom obtains a non-exclusive license for the use of MIPS' IP in its products. In addition, Broadcom, which has long used MIPS' CPU cores in its set-top box processors, is taking out a multi-year extension for its license to use MIPS' cores. Activist fund Starboard Value has been pushing MIPS to better monetize its patents.
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  • May 15, 2012, 11:28 AM
    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.
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  • 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.
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  • Apr. 12, 2012, 2:23 PM
    Shares of MIPS Technologies (MIPS) skyrocket 17.8% higher off of a report that tips off the company has hired Goldman Sachs to find a buyer and facilitate a sale of itself.
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  • Jan. 25, 2012, 5:15 PM
    More on MIPS Technologies (MIPS): FQ2 misses across the board on a decline licensing and royalty revenues and a challenging sales environment in its digital home and networking segments. Shares -2.8% AH.
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  • Jan. 10, 2012, 11:31 AM
    MIPS (MIPS +3.2%) rallies for the second day in a row after showing off Ainol Electronics' Novo7 Android tablet at CES. As previously announced, the tablet runs on a processor featuring a MIPS CPU core; the vast majority of rival solutions run on chips featuring ARM (ARMH) cores. At a $100 price point, the device (and the imitators likely to follow) might just be cheap to gain a following.
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  • Dec. 22, 2011, 2:48 PM
    MIPS is up 7.8% after announcing its CPU cores support the latest version of Android (Ice Cream Sandwich). Earlier this month, MIPS announced a partnership with Chinese chipmaker Ingenic Semiconductor offer a sub-$100 Android tablet. The company has high hopes for Android, but the current market dominance of processors featuring ARM (ARMH) CPU cores presents a major challenge.
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  • Sep. 29, 2011, 10:54 AM
    MIPS Technologies (MIPS -7%) is down after Benchmark cuts the shares to hold due to weak consumer SoC sales and pressure on royalties from an economic slowdown.
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  • Sep. 12, 2011, 5:06 PM
    MIPS gained 6.2% on the day after activist investor Starboard Value, whose co-founder was named Chairman of OPWV today, sent MIPS a letter declaring a 9.1% stake, nominating 4 board members, and urging the company to conduct share buybacks and "explore alternatives" for its intellectual property. (previously)
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