New Face From Cisco for MIPS Technologies (NASDAQ:MIPS)

MIPS Technologies (NASDAQ:MIPS), a provider of industry-standard processor architectures and cores for digital consumer, home networking, wireless, communications and business applications, recently announced, in a press release, that semiconductor industry veteran Dave Singhal has joined MIPS as vice president of corporate development and strategy. Reporting to MIPS Technologies CEO Sandeep Vij, Singhal will drive business expansion and strategic initiatives for the company. As I write, shares of MIPS Technologies are up 3 cents at $11.03 per share on volume of just over 180,000 shares. The company has a market cap of $574 million and a 52-week range between $4.08 and $18.19 per share.

Mr. Singhal brings to MIPS Technologies more than 20 years of experience with both early-stage and established companies. He joins MIPS from Cisco, where in his role as director in the corporate development and strategy organization, he drove vision, incubation and investment in cloud visual processing, 3D, streaming inference, mobile, and other advanced areas.

"We are pleased to welcome Dave to MIPS Technologies at this important time in the company's development. We have a leading position in the digital home, a strong and growing share in the networking market, and are making aggressive inroads into the market for mobile devices. As we expand our footprint in these key areas, MIPS will benefit greatly from Dave's rare combination of business acumen and deep technology expertise," said Vij.

According to Singhal, "To succeed and grow amidst constantly changing industry dynamics, fierce competition and the lightning-fast pace of innovation, companies must use all of the resources at their disposal--from internal development to partnerships to investment and M&A. With MIPS, I've joined the maker of the most efficient high-performance processor architecture in the world. My goal is to drive partnerships and investments in our ecosystem to accelerate growth of that ecosystem and further proliferation of the MIPS architecture. The ultimate goal is to progressively increase the value we are delivering to customers and shareholders."

Singhal was previously a director in the Corporate Development Technology Group at Cisco. While at Cisco, he also held a position in the Chief Architect's Office for the Service Provider Group. Prior to Cisco, he was founding CEO at Luxxon Corporation, a pioneer in both mobile network video transcoders and graphics processors. Prior to that, he held engineering roles at Neomagic Corporation, Trident Microsystems, Cirrus Logic and Advanced Micro Devices. Dave holds a B.S. in Electrical Engineering and Computer Science from the University of California, Berkeley, and an M.S. in Electrical Engineering from Stanford University. He holds eleven issued patents, primarily in the areas of image processing and streaming.

For more information, visit the company’s Web site: www.mips.com.

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