[clari.nb.business] Digital Equipment Buys Further into MIPS

newsbytes@clarinet.com (01/14/90)

SUNNYVALE, CALIFORNIA, U.S.A., 1990 JAN 11 (NB) -- Digital
Equipment Corporation (DEC) is buying further into MIPS by
purchasing 317,016 shares of the company's stock, pushing its
total holding to about 5 percent. The purchase is reported to
have cost DEC around $5.2 million

Kubota, a Japanese manufacturer of computers, has also purchased
MIPS stock to the tune of $9.985 million. Kubota's current share
of MIPS amounts to 18 percent of the company.

MIPS' shares are worth $16.37 at current trading levels. The
company specializes in the manufacture of high end computers
based on RISC (reduced instruction set computer) chips.

(Peter Vekinis/19900113)