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MIPS Investor Alert: Briscoe Law and Powers Taylor Investigate Sale of Patent Properties to AST and Acquisition by Imagination

  MIPS Investor Alert: Briscoe Law and Powers Taylor Investigate Sale of
  Patent Properties to AST and Acquisition by Imagination Technologies

Business Wire

DALLAS -- December 03, 2012

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of MIPS Technologies, Inc.’s (“MIPS”) (Nasdaq: MIPS)
patent properties to Allied Security Test and the acquisition of the company
by Imagination Technologies Group plc for shareholders. Under the terms of the
proposed deal, MIPS shareholders will only receive approximately $7.31 in cash
for each share of MIPS stock owned, well below the 52-week high of $7.65 per
share.

If you are an affected investor, and you want to learn more about the lawsuit
or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free
(877) 728-9607, via email at patrick@powerstaylor.com, or Willie Briscoe at
The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The MIPS sale investigation centers on whether MIPS’s shareholders are
receiving adequate compensation for their shares in the buyout, whether the
transaction undervalues MIPS’s stock, and whether MIPS’s board attempted to
obtain the highest share price for all shareholders prior to agreeing to the
deal. According to shareholder rights attorney Patrick Powers, “due to MIPS’s
recent performance, the size of the deal and other factors, we believe that
this transaction may undervalue MIPS stock. Our lawsuit will seek to obtain
the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.

Contact:

Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com