MIPS Technologies, Inc. (NASDAQ: MIPS) is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the home entertainment, communications, networking and portable multimedia markets. These include broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com .
MIPS News Highlight:
On July 26, 2010 MIPS Technologies, Inc. announced that support for the MIPS® architecture is included in new SkypeKitTM developer tools available now from Skype. Through the SkypeKit closed beta program, MIPS Technologies has developed a Skype reference implementation for the MIPS® architecture-the leading architecture for the digital home.
Skype is software used by individuals and businesses to make video and voice calls, send instant messages and share files with other Skype users. Developers now have the ability to build Skype functionality into MIPS-BasedTM devices such as DTVs, set-top boxes and digital media adaptors.
According to Art Swift, vice president of marketing, MIPS Technologies, "We are pleased to offer our licensees yet another key piece of the picture for next-generation connected devices. By participating in the SkypeKit beta program, our licensees and their customers can now develop Skype solutions to enable Skype users around the globe to communicate through a range of MIPS-Based products. The MIPS architecture offers compelling performance and power consumption advantages. These advantages, together with the work we are doing with platforms such as Skype, AndroidTM, Adobe® Flash® Player 10.1, Yahoo! TV Widgets and others, are enabling our customers to quickly and easily create the next generation of innovative SoCs."
For more information on the MIPS-Based reference platform with Skype functionality, or for MIPS licensees wishing to schedule a demonstration, email email@example.com.
MIPS and MIPS-Based are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions. Skype, associated trademarks and logos and the "S" symbol are trademarks of Skype Limited. All other trademarks referred to herein are the property of their respective owners.
On July 23, 2010 MoSys, Inc. (NASDAQ: MOSY) reported financial results for its second quarter ended June 30, 2010.
Second Quarter 2010 and Recent Highlights:
- Reported total revenue of $4.3 million, an increase of 115% over the second quarter of 2009, and a 19.4% increase over the first quarter of 2010;
- Announced partnerships for the development of integrated PHY and controller solutions that support the PCI Express, DDR3, 40/100Gbps Ethernet, and Interlaken and SATA 3.0 standards;
- Announced the GigaChip(TM) Alliance, an ecosystem of semiconductor device suppliers supporting the GigaChipTM Interface; and
- Completed tape-out of first product in the Bandwidth Engine(TM) family.
"During the (second) quarter, total revenue increased (nearly) 20% sequentially, driven by license revenue from both our 1T-SRAM(R) and high speed I/O IP and increased royalties from licensees in the gaming and networking markets," commented Len Perham, President and Chief Executive Officer of MoSys. "Our IP business continues to be a strong contributor to our overall growth strategy and is very synergistic with our move to become a fabless semiconductor company."
"We achieved significant progress in the development of the Bandwidth Engine family of ICs, which integrates our patented 1T-SRAM high-density embedded memory with our high-speed 10 Gigabits per second SerDes interface to create a very advanced system solution for next generation networking and storage systems. Earlier this week, we announced that Altera Corporation and NetLogic Microsystems have joined MoSys in the GigaChip Alliance to support the GigaChip Interface. The GigaChip Interface is a state of the art I/O protocol in the Bandwidth Engine IC and, more broadly, is an open, CEI-11 compatible interface developed to enable highly efficient serial chip-to-chip communications at the board-level. We expect other companies to join the Alliance in the coming months. Yesterday, we completed the tape out of our Bandwidth Engine IC, which is a major milestone in the development of this revolutionary product. The interest from potential customers and partners in the Bandwidth Engine family has been gratifying, and we are making good progress towards our goal of having samples available by the end of this year and ramping into production during the second half of 2011."
"In summary, we made solid progress in the first half of 2010 positioning the Company to be a provider of both differentiated IP and innovative IC solutions for networking, computing, storage and consumer applications. Looking at the second half of 2010, we are focused on growing our IP licensing business and continuing to make progress with the Bandwidth Engine family of products in order to achieve our strategic plan and strongly drive shareholder value," concluded Mr. Perham.
Second Quarter Results:
Total net revenue for the second quarter of 2010 was $4.3 million, compared with $3.6 million reported in the just prior first quarter of 2010 and $2.0 million year-over-year in the second quarter of 2009.
Second quarter 2010 total revenue included licensing revenue of $2.0 million, compared with $1.5 million for the previous quarter and $0.3 million for the second quarter of 2009. Second quarter 2010 royalty revenue was $2.3 million, compared with $2.0 million for the just previous quarter and $1.7 million for the second quarter of 2009.
Gross margin for the second quarter of 2010 was 87%, compared with 78% for the first quarter of 2010 and 86% for the second quarter of 2009.
GAAP net loss for the second quarter of 2010 was $5.4 million, or ($0.17) per share, compared with a net loss of $5.7 million, or ($0.18) per share, for the previous quarter and a net loss of $5.0 million, or ($0.16) per share, for the second quarter of 2009. Cash and investments totaled $31.2 million as of June 30, 2010, compared with approximately $33.9 million as of March 31, 2010.
MoSys, Inc. self description:
MoSys, Inc. (NASDAQ: MOSY) is a leading provider of serial chip-to-chip communications solutions that deliver unparalleled bandwidth performance for next generation networking systems and advanced system-on-chip (SoC) designs. MoSys' Bandwidth Engine(TM) family of ICs combines the company's patented 1T-SRAM(R) high-density memory technology with its high-speed 10 Gigabits per second (Gbps) SerDes interface (I/O) technology. A key element of Bandwidth Engine technology is the GigaChip(TM) Interface, an open, CEI-11 compatible interface developed to enable highly efficient serial chip-to-chip communications. MoSys' IP portfolio includes SerDes IP and DDR3 PHYs that support data rates from 1 - 11 Gbps across a variety of standards. In addition, MoSys offers its flagship, patented 1T-SRAM and 1T-Flash(R) memory cores, which provide a combination of high-density, low power consumption, high-speed and low cost advantages for high-performance networking, computing, storage and consumer/graphics applications. MoSys IP is production-proven and has shipped in more than 325 million devices. MoSys is headquartered in Sunnyvale, California.
MoSys, 1T-SRAM and 1T-Flash are registered trademarks of MoSys, Inc. The MoSys logo, Bandwidth Engine and GigaChip are trademarks of MoSys, Inc. All other trademarks mentioned herein are the intellectual property of their respective owners.
MoSys News Highlight:
On August 04, 2010 MoSys, Inc. announced it has partnered with Radiocomp and GDA Technologies to deliver a complete end to end connectivity solution focusing on the 3GPP long term evolution (LTE) and 4G cellular base station component market. MoSys is partnering with Radiocomp to provide a complete Common Public Radio Interface (CPRI) and Open Base Station Architecture Initiative (OBSAI) solution and with GDA to provide a Serial Rapid I/O (SRIO) base-band solution. The combination of CPRI, OBSAI and SRIO will provide the end customer with a complete end to end wireless SerDes connectivity solution.