MIPS Technologies Appoints New Vice President of European Field Operations

MOUNTAIN VIEW, Calif., September 16, 2002 -- MIPS Technologies, Inc. (Nasdaq: MIPS, MIPSB), a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, announced that Cesar Martin-Perez, 39, has been named vice president of European field operations.

Martin-Perez has more than 15 years of sales and sales management experience in the European high-tech industry at companies such as Mentor Graphics and Cadence Design Systems. For the past two years, as MIPS Technologies' director for Central Europe, he was responsible for establishing sales operations in that region and achieved important design wins with companies such as Infineon, NEC, Philips Semiconductors, and Toshiba. Recent successes include license agreements with Infineon for a 64-bit core and with IHP, which is developing next-generation wireless LAN solutions. In 2001, he was named Sales Director of the Year.

Prior to joining MIPS Technologies, Martin-Perez spent four years at Mentor Graphics as senior business director for Central Europe, where new bookings tripled under his management. At Cadence Design Systems, he consistently exceeded his sales goals during his six years as key account manager and global account manager of Philips Semiconductors. He holds a bachelor's degree in electronics engineering from the University of Applied Sciences in Hagen, Germany.

"Cesar Martin-Perez has an outstanding track record and strong relationships with many of Europe's leading high-tech companies. We look to Cesar to build on his past successes as he drives the MIPS architecture throughout Europe in the years ahead," said Jack Browne, vice president of worldwide sales for MIPS Technologies.

About MIPS Technologies
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer and business applications. The company drives the broadest architectural alliance that is delivering 32- and 64-bit embedded RISC solutions. The company licenses its intellectual property to semiconductor companies, ASIC developers and system OEMs. MIPS Technologies and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products. The company is based in Mountain View, Calif., and can be reached at +1 (650) 567-5000 or www.mips.com.

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