MIPS Technologies Reports Second Quarter Fiscal 2013 Financial Results

(f) This adjustment reflects the stock-based compensation expense. For the six months ending December 31, 2012, $3.8 million stock-based compensation expense was allocated as follows: $1.4 million to research and development, $933,000 to sales and marketing and $1.4 million to general and administrative. For the six months ending December 31, 2011, $3.0 million stock-based compensation expense was allocated as follows: $995,000 to research and development, $735,000 to sales and marketing and $1.2 million to general and administrative. 

(g) This adjustment reflects the severance to the Company's former executives. For the six months ending December 31, 2012, $44,000 was allocated to general and administrative. For the six months ending December 31, 2011, $361,000 was allocated as follows: $312,000 to sales and marketing and $49,000 to general and administrative.

(h) This adjustment reflects the expenses in response to our activities and inquiries of Starboard Value LP allocated to general and administrative.

(i) This adjustment reflects the expenses incurred in connection with the Company's exploration of options related to patent monetization and other opportunities for increasing shareholder value prior to the announcement of the transaction on November 5, 2012 allocated to general and administrative.

(j) This adjustment reflects the transaction related costs primarily consisting of legal, banking fees and other professional charges subsequent to the announcement of the transaction on November 5, 2012.  

CONTACT: Media Contact:
         Jen Bernier-Santarini
         MIPS Technologies, Inc.
         [phone]
         [e-mail]
         
         Investor Contact:
         Bill Slater
         MIPS Technologies, Inc.
         [phone]
         [e-mail]

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