MIPS shares increased from $10.65 on October 25th, 2010 to $14.12 on October 26th, 2010, a 32.6% increase in a single day."continue[d) to demonstrate [the company's] momentum across all of [the company's] target markets. This momentum include[d] the addition of new licensees in the quarter that are developing chips for mobile solutions."
This statement, the resulting price movement of the stock, and its subsequent decline to $10 per share at the time of writing this article prompted us to evaluate the company and ask the question: Is MIPS Technologies relevant in the mobile chip marketplace?
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