"As revenues halve year on year, MIPS hopes that the purchase of
UK-based Algorithmics Ltd will help revive its fortunes
"Processor designer MIPS said on Thursday it has acquired the
UK-based free development tool company Algorithmics Ltd.
"The announcement came on the same day that MIPS announced a 44
percent decline in revenues for fiscal 2002, down to $47.8m from
$84.9m in fiscal 2001. MIPS, which made a net loss in fiscal 2002
of $9.4m compared to a net income of $19.1m for the previous year,
attributed much of the decline in fortunes to lower royalties from
Nintendo 64 consoles, which are powered by MIPS-based
Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.