MIPS Technologies Reports Third Quarter Fiscal 2009

                                  MIPS TECHNOLOGIES, INC.
                      CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                            (In thousands, except per share data)
                                      (unaudited)

                                 Three Months Ended      Nine Months Ended
                                       March  31,             March 31,
                                    2009        2008      2009        2008
                                    ----        ----      ----        ----
    Revenue:
      Royalties                   $10,901     $12,556   $35,686     $35,590
      Contract Revenue             11,805      14,767    39,635      40,336
                                   ------      ------    ------      ------
        Total Revenue              22,706      27,323    75,321      75,926
    Cost of Sales                   4,325       9,407    17,761      22,110
                                    -----       -----    ------      ------
    Gross Margin                   18,381      17,916    57,560      53,816
    Operating expenses:
      Research and development      7,809       9,315    21,955      27,821
      Sales and marketing           4,211       6,056    13,610      17,796
      General and administrative    4,744       6,559    15,693      21,437
      Acquired in-process
       research and development         -           -         -       6,350
      Restructuring                   959       1,279     6,438       1,279
                                      ---       -----     -----       -----
        Total Operating expenses   17,723      23,209    57,696      74,683
                                   ------      ------    ------      ------
    Operating income (loss)           658      (5,293)     (136)    (20,867)
    Other income (expense), net    (1,142)       (762)   (3,455)     (1,488)
                                  -------       -----   -------     -------
    Loss before income taxes         (484)     (6,055)   (3,591)    (22,355)
    Provision for (benefit from)
     income taxes                     323      (1,798)     (792)      1,018
                                      ---     -------     -----       -----
    Net loss                        $(807)    $(4,257)  $(2,799)   $(23,373)
                                   ======    ========  ========   =========
    Net loss per share,
     basic and diluted             $(0.02)     $(0.10)   $(0.06)     $(0.53)
                                  =======     =======   =======     =======
    Common shares outstanding,
     basic and diluted             44,682      43,992    44,534      43,887
                                   ======      ======    ======      ======



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