MIPS Technologies Files Annual Report on Form 10-K
September 09 2005 - 5:00PM
PR Newswire (US)
MOUNTAIN VIEW, Calif., Sept. 9 /PRNewswire-FirstCall/ -- MIPS
Technologies, Inc. (NASDAQ:MIPS), today reported the filing of its
Annual Report on Form 10-K for the fiscal year ended June 30, 2005.
The company notes that the audited financial statements included in
the Annual Report reflect net income of $4.2 million for the fourth
quarter and $14.9 million for fiscal 2005, which is $1.5 million or
$0.03 per diluted share higher than disclosed in the company's
earnings call and press release on July 27, 2005. The company
received a favorable tax ruling related to its Swiss subsidiary
that resulted in a reduction to the income tax provision for the
fiscal year. In addition, certain operating expense adjustments
were recorded following availability of additional information
subsequent to the press release date. The Annual Report on Form
10-K is available on the SEC website and is posted on the Company's
website
(http://www.mips.com/content/Corporate/InvestorRelations/ir). 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
http://www.mips.com/. DATASOURCE: MIPS Technologies, Inc. CONTACT:
investors, Bonnie Gardiner of MIPS Technologies, Inc.,
+1-650-567-7007, or , or media, Kathleen Matthews of MIPS
Technologies, Inc., +1-650-567-5035, or Web site:
http://www.mips.com/
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