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I have been working at MIPS Technologies full-time (More than 5 years)
Good brand name, good history. Customers like MIPS architecture and want to be loyal to it.
Horrible executive management team. Constant infighting. No one is responsible for anything - no accountability. CEO is in way over his head. Uncompetitive product line - doesn't meet need of customers but engineering, who defines products, doesn't listen to customers and, instead, tries to tell customers where they are wrong. No vision. No strategy. No goals.
Advice to Management
They already sold the company. For new management, learn about the CPU market and issues and establish a vision and strategy before mouthing off.