Nah, it just doesn't have the revenue growth to sustain anything like that level. IF it makes it above $8, there will be a huge stampede for the exit, since there is a colossal overhang of options priced at $8.00-$8.10.
The present apparent strength is part of Bourgoin's strategy to grab some value from his options and get the hell out of this benighted company.
5% revenue growth??? Are you impressed? ARM's revenue growth in the core business for the first three quarters was 20%. MIPS' corresponding revenue growth was 3.8%.
Make no mistake, MIPS is losing marketshare dramatically as the overall market grows much faster than the dismal topline figures we keep seeing from MIPS.