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Law Office of Brodsky & Smith, LLC Announces Investigation of MIPS Technologies, Inc.

      Law Office of Brodsky & Smith, LLC Announces Investigation of MIPS
                              Technologies, Inc.

PR Newswire

BALA CYNWYD, Pa., Dec. 3, 2012

BALA CYNWYD, Pa., Dec. 3, 2012 /PRNewswire/ -- Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of MIPS Technologies, Inc. ("MIPS" or the "Company") (Nasdaq: MIPS)
relating to the proposed acquisition of the Company by Imagination
Technologies Group PLC ('Imagination") and the sale of the Company's patents
to Allied Security Trust ("Allied").

Under the terms of the transaction, Allied will acquire 498 of MIPS patents
for $350 million and grant MIPS a perpetual license to the patents. In
addition, MIPS will provide a restricted license to Allied for an additional
82 patents. Thereafter, Imagination will purchase MIPS for $60 million. The
net proceeds of the two sales represent a purchase price of approximately
$7.31 per share. The investigation concerns possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of MIPS for
not acting in the Company's shareholders' best interests in connection with
the sale process. The transaction may undervalue the Company and will result
in a loss for many MIPS shareholders. For example MIPS stock traded at $17.71
on January 13, 2011 and $7.64 as recently as September 17, 2012. In addition,
it has been reported, that MIPS has received an unsolicited merger proposal.

If you own shares of MIPS stock and wish to discuss the legal ramifications of
the proposed transaction, or have any questions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky,
Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/512-mips-mips-technologies-inc.html, by calling toll
free 877-LEGAL-90.

SOURCE Brodsky & Smith, LLC

Website: http://www.brodsky-smith.com
 
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