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What: Shares of processor technology developer MIPS Technologies
So what: MIPS got a very positive mention in Jim Cramer's Mad Money show last night, likening the stock to an "Internet tsunami." That's enough to ignite a firestorm of interest in this lightly traded stock on an otherwise news-less Thursday.
Now what: The Cramer Effect may not be a great reason to buy a stock, and his reasoning might be off -- MIPS is stronger in new media technologies than in Internet communications, for example. Still, we're talking about a solid business that may soon challenge reigning king ARM Holdings
Interested in more info on MIPS Technologies? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.