Hi, Moronda. ARM may have won the war, as you say, but I wouldn't discount MIPS patents so quickly.
I wouldn't discount Sandeep so quickly either. Much of the difficulties MIPS had gone through are due to what happened even before Sandeep arrived at MIPS.
Lastly, I wouldn't want any company to go down the toilet. Every company, and every engineer on the team, deserves to do its/his best and eventually succeed.
My current thought is the best deal for MIPS is to sell its patent portfolio while retaining rights to it as IPWireless did in a deal with Nvidia and IV this week.
That gives MIPS a solid cash injection and the freedom to develop next-gen products.