July 21, 2008

Acquisition to Drive MIPS

Zacks is out with an article today claiming that the recent acquisition of Chipidea will drive margin growth for MIPS technologies (MIPS). Zacks has a buy rating on the stock and a $6.00 price target.

The stock is currently trading at just under $4.00 a share and has shed over 50% of its value from its 52 week high.

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