QUOTE AND NEWS
Motley Fool  May 22  Comment 
A few candidates that came up in the past could be buyers of this once-again-for-sale technology asset.
Motley Fool  May 8  Comment 
Virtually no benefit for a big headache would be a losing proposition for Apple.
Automotive World  Mar 29  Comment 
Green Hills Software, the largest independent software vendor for the Internet of Things (IoT), and Imagination Technologies (IMG.L) announce expanded Green Hills tools support for MIPS CPUs with availability of the Green Hills INTEGRITY RTOS for...
Automotive World  Mar 17  Comment 
Green Hills Software, the largest independent software vendor for the Internet of Things (IoT), and Imagination Technologies (IMG.L) announce expanded Green Hills tools support for MIPS CPUs with availability of the Green Hills INTEGRITY®...
MedPage Today  Jan 13  Comment 
(MedPage Today) -- One of MACRA's new payment channels is 'dead in the water'
Benzinga  Jul 28  Comment 
athenahealth, Inc. (NASDAQ: ATHN) revealed that it launched Merit-Based Incentive Payment System (MIPS) Guarantee with the objective to shield healthcare providers and practices from downward payment adjustments under the proposed Medicare...
Motley Fool  Jul 6  Comment 
Imagination wanted to be the next ARM Holdings, but that's looking increasingly unrealistic.
MedPage Today  Nov 4  Comment 
(MedPage Today) -- Medicare's newest quality reporting program will look at data from 2017
guardian.co.uk  Dec 16  Comment 
Graphics chip designer sees 75% drop in interim profits but expects better second half Imagination Technologies, which designs graphic chips for the likes of Apple, has promised a better second half after a 75% drop in profits. First half...
GenEng News  Dec 9  Comment 
The Monash Institute of Pharmaceutical Sciences (MIPS), Monash University in Melbourne, Australia, and Takeda Pharmaceutical formed an alliance to develop new medicines to tackle human gastrointestinal diseases. Takeda will fund the initiative...




 
TOP CONTRIBUTORS

MIPS Technologies was spun off from Silicon Graphics, Inc. in 1998. The company is headquartered in Mountain View, California. MIPS Technologies, Inc. develops embedded processors and related intellectual property for use in performance-oriented markets, such as digital entertainment, wired and wireless communications (including broadband access), office automation, security, and automotive markets. Its designs are based on its 32-bit and 64-bit reduced instruction set computing architectures. The company licenses its MIPS32 and MIPS64 instruction-set architectures, application-specific extensions, core designs, and other related intellectual property to semiconductor companies and system original equipment manufacturers. It also offers a variety of embedded processors that scale across multiple markets in standard, custom, semi custom, and application-specific products. MIPS Technologies' core and processor designs and related intellectual property are used in digital set-top boxes, digital televisions, DVD players, video game systems, laser printers, automotive telematics, broadband access devices, 802.11 wireless networking devices, and network routers. It has sales offices in California, Japan, Taiwan, Germany, and Israel. The company's predecessor, MIPS Computer Systems, Inc., was founded in 1984.

Chipidea will Drive Margins

In August 2007, MIPS completed the acquisition of Chipidea, a Portuguese company that supplies analog and mixed signal intellectual property for the wireless, digital consumer and connectivity markets. The purchase price for this acquisition was $147 million in cash paid at closing, with contingent obligations to issue up to 610,687 shares of common stock (or to pay the cash value of such shares) based on the performance of the Chipidea business and to pay an additional 1.2 million in cash if Chipidea receives a certain grant from the Portuguese government.

The Chipidea product line enjoys higher margins than the legacy business and had a pro-forma operating profit of $1.7 million in the second quarter.

The acquisition is not without risks. The firm may not achieve the advantages originally envisioned when it decided to complete this acquisition. For example, the development of analog and mixed signal IP is relatively more labor intensive than that of MIPS' microprocessor IP business, and we cannot be assured of our ability to achieve operating results from this business that correspond to those that we can achieve in our existing business. If we are not as successful as we anticipated with the Chipidea business, our future operating results and financial condition would be adversely affected.

Contract Revenue Has Traction

Contract revenue consists of technology license fees paid for access to its developed technology and engineering service fees related to technology under development. MIPS ability to secure the licenses from which contract revenues are derived depends on its customers, including semiconductor companies, digital consumer and business product manufacturers, adopting our technology and using it in the products they sell. Our contract revenue increased 28% in fiscal 2005, but declined 12% in fiscal 2006, and then increased by 42% in fiscal 2007.




References

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