Just remember the xmas season will be weak. I like Mips a tech play with a great future Trading at $ 4.90 with a take over target at $7.90 No debt $ 2.11 cash on hand. Lenovo is apartner of MIPS through using Ingenic MIPS based processor. Lenovo announced that it will Start Selling new Android MIPS SmartPhone and yet MIPS's market capital is only $240M ?
This market cap of $240M absolutely does not make sense!
<< Mobile device demonstrations included MIPS-Based(TM) smartphones and tablets that are currently shipping. MIPS featured a new TD-SCDMA smartphone from TCL Corporation, a feature phone from Lenovo, other white box smartphones, Cruz tablets from Velocity Micro, and several other portable multimedia devices.>>