SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934

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[  ] Preliminary Proxy Statement
[  ] Confidential, for Use of the Commission Only (as permitted
by Rule 14a-6(e)(2))
[  ] Definitive Proxy Statement
[ X] Definitive Additional Materials
[  ] Soliciting Material Pursuant to Rule 14a-12


MIPS TECHNOLOGIES, INC.
(Name of Registrant as Specified in its Charter)

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On October 14, 2003, the Company issued a press release relating
to its definitive proxy statement.  A copy of the press release
follows.

Media Contact:                            Investor Contact:
Lee Garvin Flanagin                       Bonnie Gardiner
MIPS Technologies, Inc.                   MIPS Technologies, Inc.
Corporate Communications                  Investor Relations
(650) 567-5180                            (650) 567-7007
flanagin@mips.com                         bonnieg@mips.com


IRS Issues Favorable Ruling Regarding Combination
Of Outstanding "MIPS, MIPSB" Common Stock

MOUNTAIN VIEW, Calif., October 14, 2003 - MIPS Technologies, Inc.,
a leading provider of industry standard processor architectures and
cores for digital consumer and business applications, announced today
that the Internal Revenue Service has issued a favorable private
letter ruling to Silicon Graphics, Inc. ("SGI") stating that MIPS
Technologies' proposed reclassification of its Class A common stock
and Class B common stock as a single class of common stock would not
affect the qualification of SGI's June 2000 distribution of MIPS
Technologies' Class B common stock to its shareholders as a
tax-free distribution.  The receipt of the IRS letter ruling removes
one of the conditions that MIPS Technologies had established for its
proceeding to  recombine the two classes of its common stock.

Recombination of the two classes of MIPS Technologies' common stock
requires stockholder approval on a class-by-class basis, which is
being sought at MIPS Technologies' annual stockholder meeting to be
held on November 12, 2003.  Information on the proposal is provided
in MIPS Technologies' Definitive Proxy Statement dated September 29,
2003, which is on file with the Securities and Exchange Commission,
and a copy of which can be viewed on the company's website at
www.mips.com/content/Corporate/InvestorRelations/FiscalYear2003Documents.
If the requisite stockholder approval is obtained, MIPS Technologies
intends to complete the reclassification of its common stock promptly
after the meeting.

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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MIPS is a registered trademark in the United States and other countries
of MIPS Technologies, Inc.  All other trademarks referred to herein are
he property of their respective owners.