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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mips Technologies, Inc. (MM) | NASDAQ:MIPS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.98 | 0 | 01:00:00 |
DELAWARE
|
77-0322161
|
(State or other jurisdiction of
Incorporation or organization)
|
(I.R.S. Employer
Identification Number)
|
December 31, 2012
|
June 30, 2012
|
|||||||
(unaudited)
|
||||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
$
|
131,299
|
$
|
76,242
|
||||
Short-term investments
|
—
|
34,642
|
||||||
Accounts receivable, net
|
1,068
|
27,044
|
||||||
Prepaid expenses and other current assets
|
2,985
|
1,793
|
||||||
Total current assets
|
135,352
|
139,721
|
||||||
Equipment, furniture and property, net
|
3,214
|
2,892
|
||||||
Intangible assets, net
|
1,588
|
1,927
|
||||||
Goodwill
|
565
|
565
|
||||||
Other assets
|
9,003
|
10,035
|
||||||
Total Assets
|
$
|
149,722
|
$
|
155,140
|
||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable
|
$
|
1,619
|
$
|
2,578
|
||||
Accrued liabilities
|
13,093
|
11,852
|
||||||
Deferred revenue
|
769
|
1,259
|
||||||
Total current liabilities
|
15,481
|
15,689
|
||||||
Long-term liabilities:
|
||||||||
Other long-term liabilities
|
8,874
|
9,815
|
||||||
Total long-term liabilities
|
8,874
|
9,815
|
||||||
Stockholders’ equity:
|
||||||||
Common stock, $0.001 par value: 250,000,000 shares authorized at
December 31, 2012 and June 30, 2012; and 54,414,684 and 53,575,298 shares outstanding at December 31, 2012 and June 30, 2012, respectively, net of 193,625 and 121,297 reacquired shares at December 31, 2012 and June 30, 2012, respectively
|
54
|
53
|
||||||
Preferred stock, $0.001 par value; 50,000,000 shares authorized; none issued and outstanding
|
—
|
—
|
||||||
Additional paid-in-capital
|
322,629
|
316,210
|
||||||
Accumulated other comprehensive income
|
581
|
557
|
||||||
Accumulated deficit
|
(197,897)
|
(187,184
|
)
|
|||||
Total stockholders’ equity
|
125,367
|
129,636
|
||||||
Total Liabilities and Stockholders’ Equity
|
$
|
149,722
|
$
|
155,140
|
Three Months Ended
|
Six Months Ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2012
|
2011
|
2012
|
2011
|
|||||||||||||
Revenue:
|
||||||||||||||||
Royalties
|
$
|
10,751
|
$
|
13,224
|
$
|
21,224
|
$
|
26,203
|
||||||||
License and contract revenue
|
3,840
|
2,077
|
7,310
|
6,315
|
||||||||||||
Total revenue
|
14,591
|
15,301
|
28,534
|
32,518
|
||||||||||||
Operating Expenses:
|
||||||||||||||||
Cost of sales
|
332
|
344
|
694
|
605
|
||||||||||||
Research and development
|
9,031
|
8,278
|
17,329
|
16,184
|
||||||||||||
Sales and marketing
|
4,141
|
3,892
|
8,566
|
8,723
|
||||||||||||
General and administrative
|
5,478
|
3,339
|
11,044
|
6,603
|
||||||||||||
Transaction related costs
|
1,918
|
—
|
1,918
|
—
|
||||||||||||
Total operating expenses
|
20,900
|
15,853
|
39,551
|
32,115
|
||||||||||||
Operating income (loss)
|
(6,309
|
)
|
(552
|
)
|
|
(11,017
|
)
|
403
|
||||||||
Other income, net
|
52
|
14
|
60
|
67
|
||||||||||||
Income (loss) before income taxes
|
(6,257
|
)
|
(538
|
)
|
(10,957
|
)
|
470
|
|||||||||
Provision (benefit) for income taxes
|
130
|
434
|
(244
|
)
|
919
|
|||||||||||
Net loss
|
$
|
(6,387
|
)
|
$ |
(972
|
)
|
$
|
(10,713
|
)
|
$
|
(449
|
)
|
||||
Net loss per share, basic
|
$
|
(0.12
|
)
|
$
|
(0.02
|
)
|
$
|
(0.20
|
)
|
$
|
(0.01
|
)
|
||||
Net income loss per share, diluted
|
$
|
(0.12
|
)
|
$
|
(0.02
|
)
|
$
|
(0.20
|
)
|
$
|
(0.01
|
)
|
||||
Common shares outstanding, basic
|
54,109
|
52,886
|
53,904
|
52,773
|
||||||||||||
Common shares outstanding, diluted
|
54,109
|
52,886
|
53,904
|
52,773
|
Six Months Ended December 31,
|
||||||||
2012
|
2011
|
|||||||
Net loss
|
$
|
(10,713
|
) |
$
|
(449
|
) | ||
Other comprehensive income (loss), net of tax:
|
||||||||
Foreign currency translation adjustments, net of $0 tax in 2013 and 2012
|
12
|
(15
|
) | |||||
Changes in unrealized gains (losses) on available-for-sale securities, net of $0 tax in 2013 and 2012
|
12
|
(28
|
) | |||||
Other comprehenstive income (loss)
|
24
|
(43
|
) | |||||
Comprehensive loss
|
(10,689
|
) |
(492
|
) |
Six Months Ended
December 31,
|
||||||||
2012
|
2011
|
|||||||
Operating activities:
|
||||||||
Net loss
|
$
|
(10,713
|
) |
$
|
(449
|
) | ||
Adjustments to reconcile net loss to cash provided by operations:
|
||||||||
Depreciation
|
724
|
471
|
||||||
Stock-based compensation
|
3,762
|
2,953
|
||||||
Excess tax benefits from stock-based compensation
|
(168)
|
—
|
||||||
Amortization of intangible assets
|
340
|
252
|
||||||
Amortization of investment premium, net
|
164
|
265
|
||||||
Other non-cash charges
|
124
|
139
|
||||||
Changes in operating assets and liabilities:
|
||||||||
Accounts receivable
|
25,976
|
1,500
|
||||||
Prepaid expenses
|
(1,260
|
) |
(230
|
) | ||||
Other assets
|
1,459
|
791
|
||||||
Accounts payable
|
(1,074
|
) |
(613
|
) | ||||
Accrued liabilities
|
1,283
|
(3,620
|
) | |||||
Deferred revenue
|
(572
|
) |
(488
|
) | ||||
Long-term liabilities
|
(1,196
|
) |
53
|
|||||
Net cash provided by operating activities
|
18,849
|
1,024
|
||||||
Investing activities:
|
||||||||
Purchases of marketable securities
|
(16,857
|
) |
(22,588
|
) | ||||
Proceeds from sales of marketable securities
|
27,032
|
2,613
|
||||||
Proceeds from maturities of marketable securities
|
24,419
|
26,000
|
||||||
Capital expenditures
|
(966
|
) |
(659
|
) | ||||
Net cash provided in investing activities
|
33,628
|
5,366
|
||||||
Financing activities:
|
||||||||
Net proceeds from issuance of common stock
|
2,410
|
1,269
|
||||||
Excess tax benefits from stock-based compensation
|
168
|
—
|
||||||
Net cash provided by financing activities
|
2,578
|
1,269
|
||||||
Effect of exchange rates on cash
|
2
|
(32
|
) | |||||
Net increase in cash and cash equivalents
|
55,057
|
7,627
|
||||||
Cash and cash equivalents, beginning of period
|
76,242
|
69,202
|
||||||
Cash and cash equivalents, end of period
|
$
|
131,299
|
$
|
76,829
|
Three Months Ended
December 31,
|
Six Months Ended
December 31,
|
|||||||||||||||
2012
|
2011
|
2012
|
2011
|
|||||||||||||
Transaction related costs
|
$
|
1,918
|
$
|
—
|
$
|
1,918
|
$
|
—
|
Three Months Ended
December 31,
|
Six Months Ended
December 31,
|
|||||||||||||||
2012
|
2011
|
2012
|
2011
|
|||||||||||||
Numerator:
|
||||||||||||||||
Net loss
|
$
|
(6,387
|
) |
$
|
(972
|
) |
$
|
(10,713
|
) |
$
|
(449
|
) | ||||
Denominator:
|
||||||||||||||||
Weighted-average shares of common stock outstanding
|
54,109
|
52,886
|
53,904
|
52,773
|
||||||||||||
Effect of dilutive securities
|
—
|
—
|
—
|
—
|
||||||||||||
Shares used in computing diluted net loss per share
|
54,109
|
52,886
|
53,904
|
52,773
|
||||||||||||
Net loss per share, basic
|
$
|
(0.12
|
) |
$
|
(0.02
|
) |
$
|
(0.20
|
) |
$
|
(0.01
|
) | ||||
Net loss per share, diluted
|
$
|
(0.12
|
) |
$
|
(0.02
|
) |
$
|
(0.20
|
) |
$
|
(0.01
|
) | ||||
Potentially dilutive securities from outstanding stock options and restricted stock units excluded from diluted net income (loss) per share because they are anti-dilutive (A)
|
1,256
|
3,893
|
1,264
|
3,581
|
(A)
|
For the three and six months ended December 31, 2012, dilutive securities were excluded from diluted net loss per share because they are anti-dilutive.
|
Fair value measurement at reporting dates using
|
||||||||||||||||
Total
|
Quoted Price in Active Markets for Identical Assets
|
Significant Other Observable Inputs
|
Significant Unobservable Inputs
|
|||||||||||||
(Level 1)
|
(Level 2)
|
(Level 3)
|
||||||||||||||
Money Market Funds (1)
|
$
|
65,884
|
$
|
65,884
|
$
|
—
|
$
|
—
|
||||||||
Commercial Paper
|
$
|
11,493
|
$
|
—
|
$
|
11,493
|
$
|
—
|
||||||||
Corporate Bonds
|
18,146
|
—
|
18,146
|
—
|
||||||||||||
Government Agency
|
5,003
|
—
|
5,003
|
—
|
||||||||||||
Total Short-term Investments
|
$
|
34,642
|
$
|
—
|
$
|
34,642
|
$
|
—
|
June 30, 2012
|
||||||||||||||||
Gross
|
Gross
|
|||||||||||||||
Amortized
|
Unrealized
|
Unrealized
|
Fair
|
|||||||||||||
Cost
|
Gains
|
Losses
|
Value
|
|||||||||||||
Commercial Paper
|
$
|
11,493
|
$
|
—
|
$
|
—
|
$
|
11,493
|
||||||||
Corporate Bonds
|
18,159
|
—
|
(13
|
)
|
18,146
|
|||||||||||
Government Agency
|
5,003
|
—
|
—
|
5,003
|
||||||||||||
Total Short-term Investments
|
$
|
34,655
|
$
|
—
|
$
|
(13
|
)
|
$
|
34,642
|
December 31, 2012
|
June 30, 2012
|
|||||||||||||||||||||||
Gross Carrying
Value
|
Accumulated
Amortization
|
Net Carrying
Value
|
Gross Carrying
Value
|
Accumulated
Amortization
|
Net Carrying
Value
|
|||||||||||||||||||
Developed and core technology
|
$
|
1,100
|
$
|
(1,100
|
) |
$
|
—
|
$
|
1,100
|
$
|
(1,045
|
)
|
$
|
55
|
||||||||||
Purchased software licenses
|
2,383
|
(795
|
) |
1,588
|
2,383
|
(511
|
)
|
1,872
|
||||||||||||||||
Purchased intangible assets
|
$
|
3,483
|
$
|
(1,895
|
) |
$
|
1,588
|
$
|
3,483
|
$
|
(1,556
|
)
|
$
|
1,927
|
in thousands
|
||||
Fiscal Year
|
||||
Remaining 2013
|
$
|
272
|
||
2014
|
491
|
|||
2015
|
300
|
|||
2016
|
300
|
|||
2017
|
225
|
|||
Total
|
$
|
1,588
|
December 31, 2012
|
June 30, 2012
|
|||||||
Investment in privately held company
|
$
|
400
|
$
|
400
|
||||
Long-term engineering design software licenses
|
5,663
|
7,224
|
||||||
Deferred compensation plan
|
1,480
|
1,345
|
||||||
Other
|
1,460
|
1,066
|
||||||
Total other assets
|
$
|
9,003
|
$
|
10,035
|
December 31, 2012
|
June 30, 2012
|
|||||||
Accrued compensation and employee-related expenses
|
$
|
4,618
|
$
|
5,593
|
||||
Engineering design software licenses
|
2,386
|
2,686
|
||||||
Customer advance
|
—
|
900
|
||||||
Accrued legal and related fees
|
2,802
|
557
|
||||||
Other accrued liabilities
|
3,287
|
2,116
|
||||||
Total accrued liabilities
|
$
|
13,093
|
$
|
11,852
|
December 31, 2012
|
June 30, 2012
|
|||||||
Deferred compensation
|
$
|
1,475
|
$
|
1,341
|
||||
Long-term income tax liability
|
2,809
|
2,241
|
||||||
Long-term obligation related to engineering design software licenses
|
2,685
|
4,210
|
||||||
Long-term deferred revenue
|
1,656
|
1,738
|
||||||
Other
|
249
|
285
|
||||||
Total long-term liabilities
|
$
|
8,874
|
$
|
9,815
|
In thousands
|
||||
Fiscal Year
|
||||
Remaining 2013
|
$
|
669
|
||
2014
|
1,101
|
|||
2015
|
1,097
|
|||
2016
|
914
|
|||
2017
|
64
|
|||
Total
|
$
|
3,845
|
Three months ended
December 31,
|
Six months ended
December 31,
|
|||||||||||||||
2012
|
2011
|
2012
|
2011
|
|||||||||||||
Operating expenses:
|
||||||||||||||||
Research and development
|
$
|
710
|
$
|
532
|
$
|
1,393
|
$
|
995
|
||||||||
Sales and marketing
|
434
|
239
|
933
|
734
|
||||||||||||
General and administrative
|
754
|
641
|
1,437
|
1,224
|
||||||||||||
Total stock-based compensation expense
|
$
|
1,898
|
$
|
1,412
|
$
|
3,763
|
$
|
2,953
|
Employee Stock Options for
three months ended December 31,
|
Employee Stock Options for
six months ended December 31,
|
Employee Stock Purchase Plan for
three months ended December 31,
|
Employee Stock Purchase Plan for
six months ended December 31,
|
||||||||||||||||||||||||||
2012
|
2011
|
2012
|
2011
|
2012
|
2011
|
2012
|
2011
|
||||||||||||||||||||||
Expected volatility
|
—
|
0.71
|
0.72
|
0.71
|
0.46
|
0.80
|
0.56
|
0.73
|
|||||||||||||||||||||
Risk-free interest rate
|
—
|
%
|
0.66
|
%
|
0.45
|
%
|
0.68
|
%
|
0.10
|
%
|
0.07
|
%
|
0.14
|
%
|
0.08
|
%
|
|||||||||||||
Expected dividends
|
—
|
%
|
0.00
|
%
|
0.00
|
%
|
0.00
|
%
|
0.00
|
%
|
0.00
|
%
|
0.00
|
%
|
|
0.00
|
%
|
||||||||||||
Expected life (in years)
|
— |
|
4.2
|
4.2
|
4.2
|
0.37
|
0.50
|
0.45
|
0.50
|
||||||||||||||||||||
Weighted-average grant date fair value
|
$
|
—
|
|
$
|
2.52
|
$
|
3.38
|
$
|
2.63
|
$
|
1.79
|
$
|
2.14
|
$
|
1.98
|
$
|
2.36
|
Three Months Ended December 31,
|
Six Months Ended December 31,
|
|||||||||||||||||||||||
2012
|
2011
|
Change
(in Percent)
|
2012
|
2011
|
Change
(in Percent)
|
|||||||||||||||||||
Revenue
|
||||||||||||||||||||||||
Royalties
|
$
|
10,751
|
$
|
13,224
|
-19
|
%
|
21,224
|
$
|
26,203
|
-19
|
%
|
|||||||||||||
Percentage of Total Revenue
|
74
|
%
|
86
|
%
|
74
|
%
|
81
|
%
|
||||||||||||||||
License and Contract Revenue
|
$
|
3,840
|
$
|
2,077
|
85
|
%
|
7,310
|
$
|
6,315
|
16
|
%
|
|||||||||||||
Percentage of Total Revenue
|
26
|
%
|
14
|
%
|
26
|
%
|
19
|
%
|
||||||||||||||||
Total Revenue
|
$
|
14,591
|
$
|
15,301
|
-5
|
%
|
$
|
28,534
|
$
|
32,518
|
-12
|
%
|
Three Months Ended December 31,
|
Six Months Ended December 31,
|
|||||||||||||||||||||||
2012
|
2011
|
Change
(in
Percent)
|
2012
|
2011
|
Change (in
Percent)
|
|||||||||||||||||||
Operating Expenses
|
||||||||||||||||||||||||
Cost of Sales
|
$
|
332
|
$
|
344
|
(4
|
%)
|
$
|
694
|
$
|
605
|
15
|
%
|
||||||||||||
Research and Development
|
$
|
9,031
|
$
|
8,278
|
9
|
%
|
$
|
17,329
|
$
|
16,184
|
7
|
%
|
||||||||||||
Sales and Marketing
|
$
|
4,141
|
$
|
3,892
|
6
|
%
|
$
|
8,566
|
$
|
8,723
|
(2
|
%)
|
||||||||||||
General and Administrative
|
$
|
5,478
|
$
|
3,339
|
64
|
%
|
$
|
11,044
|
$
|
6,603
|
67
|
%
|
||||||||||||
Merger Related Costs
|
$
|
1,918
|
$
|
—
|
100
|
%
|
$
|
1,918
|
$
|
—
|
100
|
%
|
•
|
general economic and political conditions and specific conditions in the markets we address, including the continuing volatility in the technology sector and semiconductor industry, the recent global economic recession, and trends in the semiconductor markets in various geographic regions, including seasonality in sales of consumer products into which our products are incorporated;
|
•
|
our ability to continue to generate cash flow from operations;
|
•
|
litigation expenses, settlements and judgments;
|
•
|
required levels of research and development and other operating costs;
|
•
|
changes in our compensation policies;
|
•
|
the issuance of restricted stock units and the related cash payments we make for withholding taxes due from employees in future years;
|
•
|
the level of exercises of stock options and stock purchases under our employee stock purchase plan;
|
•
|
the timing and payment of taxes;
|
•
|
significant payments to suppliers including Computer Aided Design (CAD) system vendors required under long term purchase agreements as these payments vary and can be up to $1.0 million per quarter;
|
•
|
The costs associated with the Company’s exploration of options related to patent monetization and other opportunities for increasing shareholder value as well as costs relating to the proposed merger and proposed sale of patents;
|
•
|
the costs associated with capital expenditures.
|
Total
|
Less than 1 year
|
1-3 years
|
3-5 years
|
|||||||||||||
Operating lease obligations (1)
|
$
|
3,845
|
$
|
669
|
$
|
2,198
|
$
|
978
|
||||||||
Purchase obligations (2)
|
10,946
|
7,171
|
3,250
|
525
|
||||||||||||
Other long-term liabilities and obligations (3)
|
1,475
|
—
|
1,475
|
—
|
||||||||||||
Total
|
$
|
16,266
|
$
|
7,840
|
$
|
6,923
|
$
|
1,503
|
(1)
|
We lease office facilities and equipment under non-cancelable operating leases including the lease for our headquarter facility in Sunnyvale, California.
|
(2)
|
Our purchase obligations of approximately $11.0 million at December 31, 2012 decreased from our purchase obligations as of June 30, 2012 by $4.5 million. Of the total, $5.1 million of the obligations relate to purchased software licenses or engineering design software license contracts that are reflected in the Company’s accrued liabilities. The remaining $5.9 million of purchase obligations includes approximately $4.8 million due by December 31, 2013 with the balance to be completed within four years.
|
(3)
|
Long-term liabilities and obligations consist of amounts due to employees under a deferred compensation plan, under which distributions are elected by the employees.
|
·
|
activities relating to the proposed transactions and related uncertainties may divert our management’s attention from our day-to-day business and cause disruptions among our employees and to our relationships with customers and business partners, thus detracting from our ability to grow revenue and possibly leading to a loss of revenue and market position that we may not be able to regain if the proposed transactions do not occur;
|
·
|
the market price of our common stock could decline following an announcement that the proposed transactions have been abandoned, to the extent that the current market price reflects a market assumption that the proposed transactions will be completed;
|
·
|
if the patent sale agreement is terminated under certain circumstances, we may be required to pay a termination fee or a wrongful termination payment to Bridge Crossing, and if the merger agreement is terminated under certain circumstances, we may be required to pay a termination fee to Imagination and reimburse Imagination for its transaction-related expenses;
|
·
|
certain costs related to the proposed transactions, including the fees and/or expenses of our legal, accounting and financial advisors, must be paid even if the proposed transactions are not completed;
|
·
|
our stockholders may fail to approve the patent sale or the merger;
|
·
|
we may be subject to legal proceedings related to the proposed transactions;
|
·
|
we may be the subject of other patent sale or acquisition proposals that require management attention and that may be less favorable to us and our stockholders than the proposed transactions;
|
·
|
the timing of the completion of the patent sale or the merger and the impact of the patent sale or the merger may negatively affect our capital resources, cash requirements, profitability, management resources and liquidity;
|
·
|
we may not be able to take advantage of alternative business opportunities or effectively respond to competitive pressures; and
|
·
|
a failed transaction may result in negative publicity and/or a negative impression of us in the investment community or business community generally.
|
·
|
our agreements with our customers typically do not provide for minimum royalties;
|
·
|
many of our customers have pre-existing or concurrent relationships with our current or potential competitors that may affect the customers’ decisions to purchase our products; and
|
·
|
some of our customers face intense competition from other manufacturers that do not use our products.
|
·
|
our ability to identify attractive licensing opportunities and then enter into new licensing agreements (which may include licensing agreements related to our patent portfolio) on terms that are acceptable to us;
|
·
|
our ability to successfully conclude licensing agreements of any significant value in a given quarter;
|
·
|
the financial terms and delivery schedules of our contractual arrangements with our licensees, which may provide for significant up-front payments, payments based on the achievement of certain milestones or extended payment terms;
|
·
|
the demand for products that incorporate our technology;
|
·
|
our ability to develop, introduce and market new intellectual property;
|
·
|
the establishment or loss of licensing relationships with semiconductor companies or digital consumer, mobile, wireless, connectivity and business product manufacturers;
|
·
|
consolidation, merger and acquisition activity of our customer base, or customers developing competing products internally, which may cause delays or loss of sales;
|
·
|
the amount and timing of royalty payments;
|
·
|
the timing of new products and product enhancements by us and our competitors;
|
·
|
changes in development schedules, research and development expenditure levels and product support by us and semiconductor companies and digital consumer, mobile, wireless, connectivity and business product manufacturers; and
|
·
|
changes in economic and market conditions.
|
·
|
our ability to anticipate and timely respond to changes in the requirements of semiconductor companies, and system original equipment manufacturers, or system OEMs, of digital consumer, mobile, wireless, connectivity and business products;
|
·
|
our ability to anticipate and timely respond to changes in semiconductor manufacturing processes;
|
·
|
changing customer preferences in the digital consumer, mobile, wireless, connectivity and business products markets;
|
·
|
the emergence of new standards in the semiconductor industry and for digital consumer, mobile, wireless, connectivity and business products;
|
·
|
the development of platforms, such as Android, by third parties and the selection of preferred solutions for such platforms;
|
·
|
the significant investment in a potential product that is often required before commercial viability is determined; and
|
·
|
the introduction by our competitors of products embodying new technologies or features.
|
·
|
changes in tax laws, trade protection measures and import or export licensing requirements;
|
·
|
potential difficulties in protecting our intellectual property rights;
|
·
|
fluctuations in foreign currency exchange rates;
|
·
|
restrictions, or taxes, on transfers of funds between entities or facilities in different countries;
|
·
|
changes in a given country’s political, regulatory or economic conditions;
|
·
|
burdens of complying with a variety of foreign laws;
|
·
|
difficulties in staffing and managing international operations; and
|
·
|
difficulties in collecting receivables from foreign entities or delayed revenue recognition.
|
·
|
the competition these companies face and the market acceptance of their products;
|
·
|
the engineering, marketing and management capabilities of these companies and technical challenges unrelated to our technology that they face in developing their products; and
|
·
|
their financial and other resources.
|
2.1
|
Patent Sale Agreement, dated as of November 5, 2012, by and between MIPS Technologies, Inc., and Bridge Crossing, LLC (incorporated by reference to the Current Report on Form 8-K filed on November 8, 2012).
|
2.2
|
Agreement and Plan of Merger, dated as of November 5, 2012, by and among MIPS Technologies, Inc., Imagination Technologies Group plc and Imagination Acquisition Sub, Inc. (incorporated by reference to the Current Report on Form 8-K filed on November 8, 2012).
|
2.3
|
Amendment No. 1 to Agreement and Plan of Merger, dated as of December 9, 2012, by and among MIPS Technologies, Inc., Imagination Technologies Group plc and Imagination Acquisition Sub, Inc. (incorporated by reference to the Current Report on Form 8-K filed on December 10, 2012).
|
2.4
|
Amendment No. 2 to Agreement and Plan of Merger, dated as of December 16, 2012, by and among MIPS Technologies, Inc., Imagination Technologies Group plc and Imagination Acquisition Sub, Inc. (incorporated by reference to the Current Report on Form 8-K filed on December 19, 2012).
|
10.1
|
Form of Letter Amendment to Change in Control Agreement (incorporated by reference to the Current Report on Form 8-K filed on November 8, 2012).
|
Item 4.
|
Mine Safety Disclosures
|
MIPS Technologies, Inc., a Delaware corporation
|
|||
February 5, 2013
|
By:
|
/s/ WILLIAM SLATER
|
|
William Slater
|
|||
Vice President and Chief Financial Officer
|
|||
(Principal Financial Accounting Officer)
|
1 Year Mips Technologies, Inc. (MM) Chart |
1 Month Mips Technologies, Inc. (MM) Chart |
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