UNITED STATES


SECURITIES AND EXCHANGE
COMMISSION


Washington, D.C.
20549







FORM 10-Q/A


Amendment No.
1




(Mark
One)


x QUARTERLY REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THESECURITIES EXCHANGE ACT OF
1934.




FOR THE QUARTERLY PERIOD
ENDED December 31, 2008




OR




 ̈ TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THESECURITIES EXCHANGE ACT OF 1934.




For the transition period from
             to
            .




Commission file number
000-24487







MIPS TECHNOLOGIES,
INC.


(Exact
name of registrant as specified in its charter)






DELAWARE
            77-0322161(State
      or other jurisdiction of
              Incorporation
      or organization)
            (I.R.S.
      Employer
              Identification
      Number)




1225 CHARLESTON ROAD, MOUNTAIN VIEW,
CA 94043-1353


(Address
of principal executive offices)




Registrant’s
telephone number, including area code: (650) 567-5000





Indicate
by check mark whether the registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.    Yes  x    No   ̈




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company.
See the definition of “large accelerated filer,” “accelerated filer” and
“smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check
one):




Large
      accelerated filer ̈
            Accelerated
      filer   ̈
            Non-accelerated
      filer   ̈
            Smaller
      reporting company  x




Indicate
by check mark whether the registrant is a Shell Company (as defined in Rule12b-2
of the Exchange Act).    Yes   ̈    No
  x




As
of January 31, 2009, the number of outstanding shares of the registrant’s
common stock, $0.001 par value, was 44,681,283.










EXPLANATORY NOTE:




This
Amendment No. 1 on Form 10-Q/A (this “Amendment”) amends our Quarterly Report on
Form 10-Q for the quarter ended December 31, 2008, originally filed with the
Securities and Exchange Commission on February 6, 2009 (the “Original Filing”).
This Amendment is being filed to reflect that we are a "smaller reporting
company" based on our public float as of December 31, 2008, the last business
day of the second quarter of our current fiscal year.
  This
Amendment continues to speak as of the date of the Original Filing, as we have
not updated the disclosures contained in the Original Filing to reflect any
events that occurred at a later date, other than the updating of the cover page
as noted in the preceding paragraph and to include Certifications of our Chief
Executive Officer and Chief Financial Officer with respect to this
amendment.
  ITEM 6. 
EXHIBITS
  (a) 
Exhibits
  31.1
                Certification of Chief Executive Officer pursuant
      to Section 302 of the Sarbanes-Oxley Act of
      2002.
  31.2
                Certification of Chief Financial Officer pursuant
      to Section 302 of the Sarbanes-Oxley Act of
      2002.









SIGNATURES
  Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this Amendment No. 1 to Form 10-Q to be signed on its behalf by the
undersigned, thereunto duly authorized.
  MIPS Technologies, Inc., a
      Delaware corporationMay 13,
      2009
              By:
              /s/ MAURY
      AUSTINMaury AustinVice President and Chief
      Financial Officer(Principal Financial
      Accounting Officer)