Imagination won't kill MIPS
Junko Yoshida, EETimes
11/6/2012 5:57 PM EST
MIPS CEO Sandeep Vij insisted Tuesday (Nov. 6) after word of the deal broke that it was “done in the best interest of our industry partners, shareholders and employees.”
Indeed, the transaction “returns over three times the book value per share [of MIPS] and more than the current market capitalization value of $380 million,” said J. Scott Gardner, a senior analyst at The Linley Group. It appears that MIPS employees are OK for now since Imagination said it plans to retain most of its current MIPS workforce of about 160 employees.
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