diff --git a/include/configs/dbau1x00.h b/include/configs/dbau1x00.h
index b2f606f..45ff1e7 100644
--- a/include/configs/dbau1x00.h
+++ b/include/configs/dbau1x00.h
@@ -148,7 +148,9 @@
 #error "Invalid CPU frequency - must be multiple of 12!"
 #endif
 
-#define CFG_HZ                  (CFG_MHZ * 1000000) /* FIXME causes overflow in net.c */
+#define CFG_MIPS_TIMER_FREQ	(CFG_MHZ * 1000000)
+
+#define CFG_HZ			1000
 
 #define CFG_SDRAM_BASE		0x80000000     /* Cached addr */
 
diff --git a/include/configs/gth2.h b/include/configs/gth2.h
index c2a50c1..23618db 100644
--- a/include/configs/gth2.h
+++ b/include/configs/gth2.h
@@ -118,7 +118,9 @@
 
 #define CFG_MHZ			500
 
-#define CFG_HZ			(CFG_MHZ * 1000000) /* FIXME causes overflow in net.c */
+#define CFG_MIPS_TIMER_FREQ	(CFG_MHZ * 1000000)
+
+#define CFG_HZ			1000
 
 #define CFG_SDRAM_BASE		0x80000000     /* Cached addr */
 
diff --git a/include/configs/incaip.h b/include/configs/incaip.h
index 5ca00b3..2e4ee66 100644
--- a/include/configs/incaip.h
+++ b/include/configs/incaip.h
@@ -118,7 +118,9 @@
 
 #define CFG_BOOTPARAMS_LEN	128*1024
 
-#define CFG_HZ			(incaip_get_cpuclk() / 2)
+#define CFG_MIPS_TIMER_FREQ	(incaip_get_cpuclk() / 2)
+
+#define CFG_HZ			1000
 
 #define CFG_SDRAM_BASE		0x80000000
 
diff --git a/include/configs/pb1x00.h b/include/configs/pb1x00.h
index 810e0f0..181cd11 100644
--- a/include/configs/pb1x00.h
+++ b/include/configs/pb1x00.h
@@ -81,7 +81,9 @@
 
 #define CFG_BOOTPARAMS_LEN	128*1024
 
-#define CFG_HZ			396000000      /* FIXME causes overflow in net.c */
+#define CFG_MIPS_TIMER_FREQ	396000000
+
+#define CFG_HZ			1000
 
 #define CFG_SDRAM_BASE		0x80000000     /* Cached addr */
 
diff --git a/include/configs/purple.h b/include/configs/purple.h
index 1be4e05..ef92637 100644
--- a/include/configs/purple.h
+++ b/include/configs/purple.h
@@ -114,7 +114,8 @@
 #define	CFG_PROMPT		"PURPLE # "	/* Monitor Command Prompt    */
 #define	CFG_CBSIZE		256		/* Console I/O Buffer Size   */
 #define	CFG_PBSIZE (CFG_CBSIZE+sizeof(CFG_PROMPT)+16)  /* Print Buffer Size */
-#define CFG_HZ			(CPU_CLOCK_RATE/2)
+#define CFG_MIPS_TIMER_FREQ	(CPU_CLOCK_RATE/2)
+#define CFG_HZ			1000
 #define	CFG_MAXARGS		16		/* max number of command args*/
 
 #define	CFG_LOAD_ADDR		0x80500000	/* default load address	*/
diff --git a/include/configs/qemu-mips.h b/include/configs/qemu-mips.h
index d6bcc8e..3dfd218 100644
--- a/include/configs/qemu-mips.h
+++ b/include/configs/qemu-mips.h
@@ -120,7 +120,9 @@
 
 #define CFG_MHZ			132
 
-#define CFG_HZ			(CFG_MHZ * 1000000)
+#define CFG_MIPS_TIMER_FREQ	(CFG_MHZ * 1000000)
+
+#define CFG_HZ			1000
 
 #define CFG_SDRAM_BASE		0x80000000	/* Cached addr */
 
diff --git a/include/configs/tb0229.h b/include/configs/tb0229.h
index dadf5d3..fc2357d 100644
--- a/include/configs/tb0229.h
+++ b/include/configs/tb0229.h
@@ -122,7 +122,9 @@
 
 #define CFG_BOOTPARAMS_LEN	128*1024
 
-#define CFG_HZ			(CPU_TCLOCK_RATE/4)
+#define CFG_MIPS_TIMER_FREQ	(CPU_TCLOCK_RATE/4)
+
+#define CFG_HZ			1000
 
 #define CFG_SDRAM_BASE		0x80000000
 
diff --git a/lib_mips/time.c b/lib_mips/time.c
index fe36530..1e92789 100644
--- a/lib_mips/time.c
+++ b/lib_mips/time.c
@@ -24,31 +24,50 @@
 #include <common.h>
 #include <asm/mipsregs.h>
 
+static unsigned long timestamp;
+
+/* how many counter cycles in a jiffy */
+#define CYCLES_PER_JIFFY	(CFG_MIPS_TIMER_FREQ + CFG_HZ / 2) / CFG_HZ
+
 /*
  * timer without interrupts
  */
 
 int timer_init(void)
 {
-	write_c0_compare(0);
-	write_c0_count(0);
+	/* Set up the timer for the first expiration. */
+	timestamp = 0;
+	write_c0_compare(read_c0_count() + CYCLES_PER_JIFFY);
 
 	return 0;
 }
 
 void reset_timer(void)
 {
-	write_c0_count(0);
+	timestamp = 0;
+	write_c0_compare(read_c0_count() + CYCLES_PER_JIFFY);
 }
 
 ulong get_timer(ulong base)
 {
-	return read_c0_count() - base;
+	unsigned int count;
+	unsigned int expirelo = read_c0_compare();
+
+	/* Check to see if we have missed any timestamps. */
+	count = read_c0_count();
+	while ((count - expirelo) < 0x7fffffff) {
+		expirelo += CYCLES_PER_JIFFY;
+		timestamp++;
+	}
+	write_c0_compare(expirelo);
+
+	return (timestamp - base);
 }
 
 void set_timer(ulong t)
 {
-	write_c0_count(t);
+	timestamp = t;
+	write_c0_compare(read_c0_count() + CYCLES_PER_JIFFY);
 }
 
 void udelay(unsigned long usec)
@@ -66,7 +85,7 @@
  */
 unsigned long long get_ticks(void)
 {
-	return read_c0_count();
+	return get_timer(0);
 }
 
 /*