MIPS CEO: "Companies need to have a soul"

EETimes (11/1/2010 10:16 AM EDT)

NEW YORK – MIP Technologies these days seems to have everything going for it.

The company’s first quarter revenue -- announced last Monday (Oct. 25th) -- was up by 50 percent to $22.5 million, well above the Wall Street-high estimate and more than $2 million above the high end of management’s guidance.

MIPS’ stock price rose 23.6 percent to $13.16 on the day after the company’s financial results announcement, making MIPS the third largest percentage gainer on Nasdaq on that day.

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