Contract and Royalty Revenues Show Strong Growth MOUNTAIN VIEW, Calif., Oct. 25 /PRNewswire-FirstCall/ -- MIPS Technologies, Inc. (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications, today reported revenue results for its first quarter of fiscal 2007, ended Sept. 30, 2006 and also provided an update on the investigation of historical stock-based compensation practices by a special committee of independent directors. First Quarter Revenue Revenue in the first quarter was $19.7 million, an increase of 8 percent over the prior quarter revenue of $18.3 million, and an increase of 65 percent from the $11.9 million in revenue reported in the first fiscal quarter a year ago. Revenue from royalties was $11.2 million, an increase of 8 percent over the $10.4 million reported in the prior quarter and an increase of 39 percent from the $8.1 million reported in the first quarter a year ago. Contract revenue was $8.5 million, an increase of 7 percent from the $7.9 million reported in the prior quarter and an increase of 119 percent from the $3.9 million reported in the first quarter a year ago. As previously announced, MIPS formed a special committee of independent members of its Board of Directors to review the Company's historical option grant practices and the Company's accounting for its option grants. Due to the continuing internal investigation, MIPS is not releasing first quarter fiscal 2007 earnings at this time. "We had an excellent first quarter, with revenue up 65 percent year-over- year; this is the highest revenue level since early 2001," said John Bourgoin, president and CEO. "MIPS earned strong royalties from three key market segments: digital TV, consumer, and broadband. Our strength in those and other markets drove MIPS-Based(TM) unit shipments to 90 million last quarter, continuing our impressive royalty growth."