UK-based computer chip designer Imagination Technologies is buying US central processing unit (CPU) architect Mips's business operations and some of its patents.

BBC: Imagination challenges ARM with Mips takeover

Though this machine was announced with a Core i3 CPU, only the AMD option remains available here in the US. And while the dm1z is a tad heavier than the Aspire V5 (3.2 versus 3.05 pounds), we like its patterned lid -- and the optional red color scheme.

ENGADGET: Acer Aspire V5 review: an 11-inch Ivy Bridge laptop for $550

The device itself is a fairly standard affair, boasting a 4.3-inch WQVGA display, a 400MHz CPU, 64MB of RAM, an SD card slot, an FM transmitter, Bluetooth, and maps of the US and Canada pre-loaded on the unit's 2GB of internal flash memory -- an RDS-TMC traffic information receiver is also available as an optional accessory.

ENGADGET: TomTom intros GO 720 with Map Share technology