Vij points to an all-in-one computer sold in China that runs Linux and uses a MIPS-based processor.

FORBES: CES: MIPS Inside

The minimalist approach has helped MIPS find licensees selling processor for networking devices and other embedded devices.

FORBES: CES: MIPS Inside

Processor designer MIPS Technology reported net income for the quarter ending in March rose 9.9%, but disappointed investors expecting better results, sending shares down 11% in after-hours trading Tuesday.

FORBES: MIPS Earnings Up 9.9%; Investors Wanted More; Shares Down 11%

The 151N has a MIPS R5000 core with a 166MHz processor.

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On Tuesday, MIPS announced it will show off a pair of smart phones and tablets based on its processor architecture based on systems-on-chips from MIPS licensees Actions Semiconductor and Ingenic Semiconductor.

FORBES: CES: MIPS Inside

Shares of MIPS Technologies fell more than 25 percent in after-hours trading Thursday after the processor designer posted results short of its earlier guidance on sharply lower revenues.

FORBES: MIPS Shares Fall 25% After Posting Sharp Revenue Drop