
KK 11,50$ Kursziel 15$ Stop-Loss 10$
Thomas Weisel bullish on MIPS (MIPS) By Michael Baron MIPS Technologies (MIPS) is up $1.70, or 17.3 percent, to $11.55, after Thomas Weisel boosted its rating on the company's shares to "buy" from "market perform", saying that it believes operating results have bottomed. The firm also sees MIPS as a "low risk way to play the semi cycle," which has a modest valuation. Before Wednesday's opening bell, the Mountain View, Calif., provider of high-performance, low-power consumption processing chips said it expects to report a pro forma loss from operations of 5 cents a share, in line with its earlier projections and the current analysts' consensus estimate.
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