MIPS

[Ares]

I have my alert set at 9.69 and am waiting to see for a block trade.
Looking if this will go above 9.74

[Ares]

The latest news was an upgrade.
The income according to the information I got from yahoo has been going up for 3 consecutive years.
http://finance.yahoo.com/q/is?s=MIPS&annual
So far, the market makers are still holding back the stock and not giving way yet -  probably, until after they get hit with blocks.
Bear trap at 9.63 or is this going down? (minute chart)
I guess if it goes down, could be a dead cat bounce at 9.02
The overall trend is still telling me - it's uptrending - for now.
Still waiting for those blocks.
These Market Makers are really good in shaking out people.

[setravis]

MOUNTAIN VIEW, Calif., Jan 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- MIPS Technologies, Inc. (MIPS, Trade), a leading provider of industry-standard architectures, processors and analog IP for digital consumer, home networking, wireless, communications and business applications, today reported consolidated financial results for its second quarter fiscal 2009 ended December 31, 2008. All financial results are reported in U.S. GAAP unless otherwise noted.

Revenue for the second quarter was $26.4 million, essentially flat compared with both the prior quarter revenue of $26.2 million and to the $26.5 million reported in the second fiscal quarter a year ago. The Q2 sequential revenue increase was driven by increased revenues from royalties offset by slightly lower license revenue.

Revenue from royalties was $13.0 million, an increase of $1.1 million or 9 percent from the prior quarter and $0.4 million or 3 percent from the $12.5 million reported in the second quarter a year ago. The sequential increase in royalty revenue was a result of higher licensee unit volumes compared with the prior quarter. Licensee units grew 13 percent sequentially to 126 million units and 18 percent on a year to year basis. Contract and license revenue was $13.4 million, a decrease of 7 percent from the $14.4 million reported in the prior quarter and a 4 percent decrease from the $13.9 million reported in the second quarter a year ago.

Total operating expense, excluding restructuring charges, declined $4.2 million to $15.1 million from $19.3 million in the previous quarter, mainly reflecting the cost control measures implemented earlier in the year.

The Company's fiscal Q2 2009 GAAP net income was $5.0 million or $0.11 per share on a diluted basis. This compares with a net loss of $7.0 million or $0.16 per basic and diluted share in the prior quarter and a net loss of $12.1 million or $0.28 per share in the second quarter a year ago. This marks the Company's first GAAP profitable quarter since the fourth quarter fiscal 2007.

Non-GAAP net income in the second quarter of fiscal 2009, which excludes the effect of equity based compensation expense, restructuring costs, and certain costs related to the acquisition of Chipidea, was $8.5 million or $0.19 per diluted share. This represents a significant improvement when compared to the non-GAAP net income of $1.5 million or $0.03 per diluted share in the prior quarter and a net loss of $2.9 million or $0.07 per diluted share in the second quarter a year ago. The tables below provide a reconciliation of non-GAAP measures reported in this release to the corresponding GAAP results.

The Company's Q2 2009 ending cash balance was $20.5 million, an improvement of $4.3 million from the previous quarter including approximately a $0.6 million outflow related to the restructuring. Total outstanding debt was also reduced by $1.6 million to $16.5 million during the quarter.

"I am pleased with the results of our Processor Business; our cost controls, GAAP net income and positive cash flow, all of which contributed to the strengthening of our balance sheet during Q2," said John Bourgoin, president and CEO. "We are actively managing our costs worldwide to ensure the overall financial health of MIPS during these challenging economic times," added Bourgoin.

MIPS Technologies invites you to listen in a live conference call to management's discussion of Q2 fiscal 2009 results, as well as guidance for Q3 fiscal 2009. The conference call number is 210-839-8502 and the replay number is 203-369-0984. The password for both calls is MIPS. The replay will be available for 30 days shortly following the end of the conference call. An audio replay of the conference call will also be posted on the company's website at: http://www.mips.com/company/investor-relations/.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (NasdaqGS: MIPS) is the world's second largest semiconductor design IP company and the number one analog IP company worldwide. With more than 250 customers around the globe, MIPS Technologies is the only company that provides a combined portfolio of processors, analog IP and software tools for the embedded market. The company powers some of the world's most popular products for the digital entertainment, home networking, wireless, and portable media markets -- including broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Mountain View, California, with offices worldwide. For more information, contact (650) 567-5000 or visit http://www.mips.com.

SOURCE MIPS Technologies, Inc.



http://www.mips.com 

Copyright (C) 2009 PR Newswire. All rights reserved

[setravis]

Fell back to a buck, so let's track it !


52wk Range: 1.00 - 4.81
Volume: 1,350,209
Avg Vol (3m): 398,265

Technicals
Close Above the 50-day MA
Percentage Gainer

Last Price Quote is:
39.52%above 13-day MA
21.61%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $75.06 
P/E Ratio: 38.02 
PEG Ratio: N/A 
Next Earnings: 04/22/2009
Last Analyst Rating: Buy

[setravis]

Shares of MIPS Technologies ( MIPS ) are higher by over 14% on speculation that the company may be bought out by Oracle ( ORCL - news - people ). On Thursday, CEO Larry Ellison announced that Oracle intends to purchase companies with semiconductor intellectual property.

52wk Range: 3.44 - 9.65
Volume: 5,702,884
Avg Vol (3m): 872,097
Market Cap: 452.25M
P/E (ttm): 34.62
EPS (ttm): 0.28

Technicals
Record Volume
Percentage Gainer

Last Price Quote is:
16.07%above 13-day MA
37.85%above 50-day MA
RS Rating: 11


Below are the 6 month and 2 year charts...

[setravis]

Mips Technologies (MIPS), spiked 33% Tuesday after scorching past analysts' Q3 earnings and sales views. It has yet to form its first base above $10.


Chip Group Gains On Q3 Surprises...
Tech issues firmly countered the market's losses Wednesday, with the data storage, Internet networking and fabless semiconductor groups posting solid advances.

The fabless chip group, ranked No. 43 in Wednesday's IBD, rode the heels of a bullish Q3 report from Broadcom (BRCM).

Net income soared 275% to 60 cents a share. Analysts' consensus called for 55 cents. Revenue jumped 44% to $1.81 billion vs. consensus views of $1.75 billion.

The company boosted its Q4 revenue guidance to $1.8 billion to $1.9 billion. Consensus forecasts had called for $1.75 billion.

Broadcom surged 12% on the report. That snapped it above a 37.83 buy point in a three-month cup-with-handle base.

Chip stocks in general had taken a beating since the end of April as investors' views dimmed toward an economic recovery. But they began to recover in September in sync with the market. The fabless group rose over the past week, climbing back into the top 50 rankings.

Research firm iSuppli cut its chip industry revenue growth forecasts from 35% to 32% at the end of September. The growth is a rebound off levels that had just started to recover in 2009. Next year's growth: a meager 5%, the El Segundo, Calif.-based researcher says.

Former leaders such as Marvell Technology (MRVL) and Atheros Communications (ATHR) must climb out of deep corrections.

ARM Holdings (ARMH) also gave up leadership status, at least for the time being, diving below its 10-week moving average.

Broadcom is the group's clearest leadership candidate. Others include Singapore-based Avago Technologies (AVGO), which cleared a cup-with-handle base. It is generating solid EPS, sales and margin growth.

[setravis]

Cavium Networks Extends MIPS(R) Architecture License
Long-Time MIPS Licensee Commits to Future Generations of Its Ultra High-Performance MIPS-Based(TM) Solutions

Press Release Source: MIPS Technologies, Inc. On Thursday October 28, 2010, 8:00 am EDT

SUNNYVALE, Calif., Oct. 28, 2010 (GLOBE NEWSWIRE) -- MIPS Technologies, Inc. (Nasdaq:MIPS - News), a leading provider of industry-standard processor architectures and cores for digital consumer, home networking, wireless, communications and business applications, announced today that long-time MIPS licensee Cavium Networks has reaffirmed its commitment to the MIPS(R) architecture by renewing its license of the high-performance MIPS64(R) architecture.



"We are pleased to reaffirm our commitment to the ultra-high performance MIPS64 architecture for future generations of our groundbreaking OCTEON(R) products. As Cavium's solutions gain increasing traction for a wide range of networking and communications applications, we will continue to leverage the MIPS architecture, which delivers high performance, energy efficiency and an unsurpassed ecosystem for networking and communications," said Rajiv Khemani, VP and GM, Networking and Communications, Cavium Networks.



"Cavium Networks takes full advantage of the flexibility afforded by a MIPS architecture license, developing some of the industry's highest performance and most advanced multicore processors for networking, wireless and storage. The efficient and high-performance MIPS architecture is increasingly the architecture of choice for these applications, especially as data and video traffic increases across wired and mobile networks. We look forward to working closely with Cavium as its MIPS-Based solutions gain even stronger market traction," said Art Swift, vice president of marketing and business development, MIPS Technologies.



The MIPS64 architecture provides a high level of performance for applications including networking and computing. Incorporating powerful features, standardizing privileged mode instructions, supporting past ISAs and providing an upgrade path from the MIPS32(R) architecture, the MIPS64 architecture provides a solid high-performance foundation for future MIPS processor-based development.



Cavium's OCTEON multi-core processor family, based on the MIPS64 architecture, offers a scalable, high-performance, low-power solution for intelligent networking applications ranging from 100Mbps to 40Gbps. The OCTEON processors have been widely adopted in mainstream and leading-performance routers, switches, storage networking equipment, security appliances, data-center equipment, and a broad range of 3G, WiMAX and LTE infrastructure equipment including base stations, radio network controllers, aggregation systems, mobile subscriber gateways and deep packet inspection (DPI) equipment.



About Cavium Networks



Cavium Networks is a leading provider of highly integrated semiconductor products that enable intelligent processing for networking, communications and the digital home. Cavium Networks offers a broad portfolio of integrated, software-compatible processors ranging in performance from 100 Mbps to 40 Gbps that enable secure, intelligent functionality in enterprise, data-center, broadband/consumer and access and service provider equipment. Cavium Networks processors are supported by ecosystem partners that provide operating systems, tool support, reference designs and other services. Cavium Networks principal offices are in Mountain View, CA with design team locations in California, Massachusetts and India. For more information, please visit www.caviumnetworks.com.



About MIPS Technologies, Inc.



MIPS Technologies, Inc. (Nasdaq:MIPS - News) is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the home entertainment, communications, networking and portable multimedia markets. These include broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com.



MIPS, MIPS32, MIPS64 and MIPS-Based are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners.



Contact:
MIPS Technologies, Inc.Media Contact:Jen Bernier-Santarini+1 [email protected]