MIPS Technologies, Inc. Announces Second Quarter Pro Forma Earnings from Operations Will Be In Line With Earlier Guidance
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 2, 2002-- MIPS Technologies, Inc., (Nasdaq:MIPS - news; Nasdaq:MIPSB - news) a leading provider of industry standard processor architectures and cores for digital consumer and business products, today announced that pro forma operating results for the fiscal second quarter ending December 31, 2001 is anticipated to be a net loss per share of $0.05 before a one time charge for acquired in process research and development costs. The expected results are in line with guidance provided at the beginning of the quarter and meets analysts' current consensus expectations.
As a result of its acquisition of the Lexra processor IP assets announced late last week, MIPS Technologies expects to record a one time charge for acquired in process R&D of approximately $2.0 million in the December 31, 2001 quarter which will be discussed further during the second quarter earnings call.
MIPS Technologies will report results for the second quarter of fiscal 2002 on January 15, 2002 after the close of the market. The company invites you to listen to management's discussion of Q2 results and Q3 outlook and guidance in a conference call live on January 15, 2002 beginning at 2:00 p.m. Pacific. Conference call number is 913/981-5592. Replay number is 719/457-0820 and will be available for 5 days, beginning shortly after the end of the conference call. The access code is 429875.
About MIPS Technologies, Inc.
MIPS Technologies, Inc. is a leading provider of industry standard processor architectures and cores for digital consumer and business products. 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.
Related News
- Arteris Announces Financial Results for the Second Quarter 2023 and Estimated Third Quarter and Full Year 2023 Guidance
- Arteris Announces Financial Results for the First Quarter 2023 and Estimated Second Quarter and Full Year 2023 Guidance
- Arteris Announces Financial Results for the Second Quarter 2022 and Estimated Third Quarter and Full Year 2022 Guidance
- Arteris Announces Financial Results for the First Quarter 2022 and Estimated Second Quarter and Full Year 2022 Guidance
- SMIC Revises Up Second Quarter 2014 Gross Margin Guidance
Breaking News
- Credo at TSMC 2024 North America Technology Symposium
- Cadence Reports First Quarter 2024 Financial Results
- Rambus Advances AI 2.0 with GDDR7 Memory Controller IP
- Faraday Reports First Quarter 2024 Results
- RAAAM Memory Technologies Closes $4M Seed Round to Commercialize Super Cost Effective On-Chip Memory Solutions
Most Popular
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Omni Design Technologies Joins Intel Foundry Accelerator IP Alliance
- Faraday Partners with Arm to Innovate AI-driven Vehicle ASICs
- Semiconductor Capacity Is Up, But Mind the Talent Gap
- Efabless Announces the Release of the OpenLane 2 Development Platform, Transforming Custom Silicon Design Flows
E-mail This Article | Printer-Friendly Page |