MIPS Technologies Files Annual Report on Form 10-K

MOUNTAIN VIEW, Calif., September 9, 2005 - 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 (www.mips.com/content/Corporate/InvestorRelations/ir).