MOUNTAIN VIEW, CA., January 5, 2006 - MIPS Technologies, Inc. (NASDAQ: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer business applications, today announced it has promoted Mervin S. Kato to the position of chief financial officer. Mr. Kato, most recently vice president of finance and corporate controller at MIPS Technologies, succeeds Kevin C. Eichler, who, as announced in November 2005, is transitioning out of the company during the first calendar quarter of 2006.
Mr. Kato has served as vice president of finance since May 2001 and corporate controller since May 1998. He brings more than 30 years of high tech industry experience in finance and operations. Previously, Mr. Kato was controller of the MIPS Group at Silicon Graphics, Inc. (SGI) and was involved with the spin-out of the company from SGI in 1998. Prior to joining SGI, Mr. Kato spent 15 years with Apple Computer, Inc. in various financial and operational management positions.
Mr. Kato holds a B.S. degree in Business Administration with a concentration in accounting from San Jose State University.
"Merv has an outstanding track record leading the MIPS finance team, and is a natural fit for the chief financial officer position," said John Bourgoin, president and CEO. "His in-depth understanding of our business model, the needs of our customers, and our obligations as a public company is exceptional. I am delighted to have him assume the role of CFO." MIPS Technologies, Inc.
MIPS Technologies, Inc. is a leading provider of industry standard processor architectures and cores for digital consumer and business applications. The company drives the broadest architectural alliance that is delivering 32- and 64-bit embedded RISC solutions. The company licenses its intellectual property to semiconductor companies, ASIC developers, and system OEMs. MIPS Technologies, Inc. and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products. MIPS Technologies, Inc. is based in Mountain View, California, and can be reached at 650-567-5000 or www.mips.com.