MIPS Technologies To Investigate Historical Stock Option Practices
MOUNTAIN VIEW, Calif., August 30, 2006 - MIPS Technologies, Inc. (NASDAQ: MIPS), announced today that following a company initiated voluntary review of historical stock-based compensation practices and related potential accounting impact, its board of directors has formed a special committee, consisting of independent directors, to review the Company’s historical option grant practices and the Company’s accounting for its option grants. The committee is retaining independent outside legal counsel to assist it in its review.
MIPS’ annual report on Form 10-K for its fiscal year ended June 30, 2006 is due to be filed with the Securities and Exchange Commission on or before September 13, 2006. While the committee is working to complete its review as quickly as possible, MIPS believes it is likely that the process will not be completed in a manner that will allow the annual report on Form 10-K to be filed by that date.
About MIPS Technologies
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 and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products. The company is based in Mountain View, California and can be reached at (650) 567-5000 or www.mips.com.
Related Semiconductor IP
- Process/Voltage/Temperature Sensor with Self-calibration (Supply voltage 1.2V) - TSMC 3nm N3P
- USB 20Gbps Device Controller
- SM4 Cipher Engine
- Ultra-High-Speed Time-Interleaved 7-bit 64GSPS ADC on 3nm
- Fault Tolerant DDR2/DDR3/DDR4 Memory controller
Related News
- Altera To Review Historical Option Practices
- Rambus Announces Audit Committee Investigation of Historical Option Granting Practices
- Rambus Provides Update Regarding Independent Review of Past Stock Option Practices
- Rambus Provides Update of Audit Committee Investigation Regarding Stock Option Grants
Latest News
- Cassia Proposes ‘Better Math’ for AI Efficiency
- QuickLogic Announces $1M eFPGA Hard IP Contract for Data Center ASIC
- Creonic Updates Doppler Channel IP Core with Extended Frequency Band and Sampling Range
- TSMC Price Hikes End the Era of Cheap Transistors
- Analogue Insight IP Group Launches Analogue Insight SAFE in Portland, Oregon to Deliver Certification-Grade Security IP for Next-Gen SoCs and Chiplets