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MIPS Technologies, Inc. (Nasdaq: MIPS) Hot Stock on the Move!

Publication: M2 Presswire
Publication Date: 08-MAY-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-8 May 2009-PennyStockChaser.com: MIPS Technologies, Inc. (Nasdaq: MIPS) Hot Stock on the Move!(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:08052009

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Today's news alerts include: MIPS Technologies Announces Divestiture of Its Analog Business Group

Bolsters Balance Sheet; Refocuses on Core Competencies

MOUNTAIN VIEW, Calif. -- MIPS Technologies, Inc. (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for home entertainment, communications, networking and portable multimedia markets, today announced the divestiture of its Analog Business Group. Synopsys, Inc.

(Nasdaq: SNPS) acquired the business unit in an all-cash transaction for $22 million, effective immediately. This transaction enables MIPS Technologies to focus exclusively on its core competencies in microprocessor IP, continuing to build on its leadership position...

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