MIPS TECHNOLOGIES, INC.
       RECONCILIATION OF GAAP TO NON-GAAP NET INCOME and NET INCOME PER SHARE
                         (In thousands, except per share data)
                                     (unaudited)

                                  Three Months    Three Months   Three Months
                                      Ended           Ended           Ended
                                     March 31,     December 31,     March 31,
                                        2009           2008            2008
                                 --------------  ------------  --------------
        GAAP net income (loss)           $(807)       $4,977         $(4,257)
        Net income (loss) per
         basic share                    $(0.02)        $0.11          $(0.10)
                                       =======         =====         =======
        Net income (loss) per
         diluted share                  $(0.02)        $0.11          $(0.10)
                                       =======         =====         =======
    (a) Equity-based compensation
         expense under SFAS 123R         1,085         1,312          $1,799
    (b) Amortization of intangibles        847           855           2,438
    (c) Acquisition related cost           948           979           2,386
    (d) Integration cost                     -             -             120
    (e) Restructuring                      959           548           1,279
    (f) Tax adjustment                    (192)         (157)         (1,323)
        Non-GAAP net income             $2,840        $8,514          $2,442
                                        ======        ======          ======

        Non-GAAP net income per
         basic share                     $0.06         $0.19           $0.06
                                         =====         =====           =====
        Non-GAAP net income per
         diluted share                   $0.06         $0.19           $0.05
                                         =====         =====           =====
        Common shares outstanding -
         basic                          44,682        44,586          43,992
                                        ======        ======          ======
        Common shares outstanding -
         diluted                        44,719        44,588          44,620
                                        ======        ======          ======