MIPS Technologies misses by a penny
MIPS Technologies misses by a penny
By Mark Hachman, EBN
April 14, 2000 (8:20 a.m. EST)
URL: http://www.eetimes.com/story/OEG20000414S0001
Embedded microprocessor-core supplier MIPS Technologies Inc. missed consensus estimates by a penny, as declining sales of Nintendo Ltd.'s game console hurt the company's royalties. MIPS, Mountain View, Calif., returned earnings of $10.4 million, a slight 3% decline compared with a year ago. Revenue climbed a scant 1% to $27 million for the company's third fiscal 2000 quarter, as royalty payments fell 22% to $18.1 million based on slowing sales of the Nintendo 64 gaming console. Contract revenue, meanwhile, skyrocketed 159% to $8.8 million. Six analysts polled by First Call/Thomson Financial expected MIPS to report 27 cents per share. MIPS fell short, posting EPS of 26 cents. MIPS now boasts 26 licensees. Chairman and chief executive John Bourgoin noted that royalty revenue first appears, on average, about 18 to 24 months after the initial license is signed. MIPS signed its first licensee 20 months ago, in August 1998. "And the model is v ery powerful in that there are no costs associated with those royalties," Bourgoin said.
Related News
- MIPS Continues To Expand With The Addition Of Industry Leaders from NVIDIA, Google and SiFive
- MIPS Expands RISC-V Ecosystem Support to to Enable Early Software Development for Multi-threaded Cores
- MIPS Expands Global Footprint with New Design Center and Talent for Systems Architects and AI Compute
- MIPS Aims to Give Back Control, for AI-Centric Compute
- CEO interview: MIPS' Sameer Wasson on a RISC-V reboot
Breaking News
- Keysight, Synopsys, and Ansys Deliver Radio Frequency Design Migration Flow to TSMC's N6RF+ Process Node
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Leveraging Cryogenics and Photonics for Quantum Computing
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing
- Credo at TSMC 2024 North America Technology Symposium
Most Popular
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process
- Silicon Creations Reaches Milestone of 10 Million Wafers in Production with TSMC
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Analog Bits to Demonstrate Numerous Test Chips Including Portfolio of Power Management and Embedded Clocking and High Accuracy Sensor IP in TSMC N3P Process at TSMC 2024 North America Technology Symposium
- Alphawave Semi: FY 2023 and 2024 YTD Trading Update and Notice of Results
E-mail This Article | Printer-Friendly Page |