MIPS Technologies' CEO Discusses F4Q12 Results - Earnings Call Transcript
In mobile, we are pleased to have recently announced with our licensee, Ingenic, together with Karbonn, a well-known maker of mobile devices in India, the second Android 4.1 Jelly Bean tablet in the world, following only the launch of Google’s own Nexus 7 tablet. The Karbonn tablet is the lowest cost Android 4.1 tablet making this achievement a great example of the cost and power efficiency of MIPS as well as yet another example of just how fast MIPS and our customers can move when it comes to being one of the first in the market with devices based on new versions of Android. In this case, second only to Google itself.
We saw other new MIPS-based tablets with the Ingenic chipset enter the market in the quarter including the T7 and T7+ tablets from Philips. These were the first non-ARM tablets to be certified by Google. And the new tablet from China-based manufacturer, Ramos, is expected to be available soon in markets such as India, Latin America and Europe. The Ramos tablets leverage a MIPS-based chip from Actions Semiconductor, a public company in China.
We had one new mobile license this quarter which was a new license with Nationz Technologies which was previously part of telecommunications powerhouse ZTE. As we announced, Nationz is using MIPS for mobile payment products used in cellular phones. More than one million of its MIPS-based devices have already shipped.
We continue to make progress in our efforts with Google this quarter. Google released an official native development kit or NDK for Android 4.0 with full MIPS support. Google also announced a platform developer’s kit or PDK that provides early access to Android releases for quicker porting. MIPS was invited by Google to participate in this program giving us access to the new Jelly Bean release ahead of open source.Read the rest of this transcript for free on seekingalpha.com
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV