MOUNTAIN VIEW, Calif.--MIPS Technologies Inc. here today said its revenues for the just-ended quarter are expected to be 45-to-50% lower than the prior three-month period. The supplier of RISC processor cores estimated that revenues would be $14-to-$15 million in the company's fiscal fourth quarter, ended June 30, with earnings per share near breakeven.
"The disappointing Q4 results are primarily due to the weak technology markets that have adversely affected our existing and potential customers," said Casey Eichler, chief financial officer of MIPS Technologies. "In addition, these conditions have made it increasingly difficult for us to predict period-to-period revenues as customers in this environment are frequently postponing investment decisions, often with very little notice to us."
In the prior fiscal quarter, MIPS posted a net income of $8.4 million on record revenues of $27.8 million in the period ended March 31.
MIPS will report its fiscal fourth quarter results on July 17.