Divendend payout of.04 will be paid out to shareholders tomorrow,stock price will adjust for this payout,but will rise again on pending news.
Posted by Repoman75 on :
Patience my young Jedi, patience... this stock will be the talk of the town in Mid April.
Posted by stockvaper on :
Many, many people will be kicking themselves at year end for not picking this stock up under $2 and hanging onto it.
Posted by just_25 on :
still no news??? Repo might get his x-mas in April after all:)
Posted by just_25 on :
quote:Originally posted by stockvaper: Many, many people will be kicking themselves at year end for not picking this stock up under $2 and hanging onto it.
You hit it on the head stockv...
Posted by MickeyG on :
By the middle of april what do you expect this stock to be at?Also long term what do you think.
Posted by wallymac on :
I really don't expect news until after the First. During the first week of April we should get 8K on casio & Fujitsu, then financials showing back to back profitable Quarters. There could be additional signings also.
I see this stock trading $2.50 to $2.75 by mid April. Long term will depend on many factors and is very diffuclt to predict. Without substantial Royalty payment $3-5. If there is recurring income $7 to $20. As I said there is way too much that is unknown at this point to make an educated projection. The numbers I cite are JMHO and at this time have nothing to back them up.
Posted by MickeyG on :
Under $1.60 now,is a great time to pick up some of these shares before it takes off in april.
Posted by just_25 on :
I just added another 4k shares at 1.57....This is the calm before the storm. GL all
Posted by Boomer94 on :
I like this stock as well. I'm a little confused as to why you can still get it this cheap. I like wallymac's conservative forecast. Good luck to all.
Posted by Repoman75 on :
Come next week, I buy 20,000 shares.. please, no news until then!
Posted by just_25 on :
I think your in the clear repo, news will most likely come first thing next week...Then again, what do I know, I thought we would see a pr for sure this week?!?! I added more shares yesterday and I might pick up a few thousand more today if I can get some cash freed up. Apr is going to be huge for PTSC, so congrats to all those already in. GL
Posted by MickeyG on :
What kind of news is expected to be announced anyway guys? Since case is pending in Texas.
Posted by Repoman75 on :
8-Ks
Posted by just_25 on :
The 8K's from Casio and Fujitsu, then the 10Q quarterly finacial statement...
Posted by MickeyG on :
STOCK IS A STEAL NOW SO GET IT!!!
Posted by all_guts on :
Hey Mickey...I've been reading your posts over the last couple days and I've come to the conclusion you don't know very much about trading/investing in stocks. You seem to go off what others tell you. You might want to chill your pumping out until you get more informed about the matters you contribute to.
On the subject of PTSC, this stock is set up to make a lot of people some real money, how much money will be determined by the amounts of the Royalty payments and the amount, if any, of recurring income... 8K's, 10Q and any agreements released this month will tell the real story. I'm in just for the record
Posted by Repoman75 on :
Sssshhh.. don't advertise...let the PPS keep dropping.
Posted by all_guts on :
Hey repo, this clown Mickey seems to like you, keep him quite please:)
Posted by MickeyG on :
Hey guts this is not a bashing board and on the subject of PTSC I asked questions first and then I did my own DD into this stock before I bought in to it and do realize it's potential,so there is nothing wrong with my posts so if you are an adult you can keep your negative comments to yourself.
Posted by all_guts on :
Sorry, I just think you should post something usefull, instead of mindless pumping. I think if you don't know much about what we are doing you should do more reading than posting. We were all wet behind the ears at some point but you might find it beneficial to spend your time reseaching and understanding, than to post mindlessly. That said, no hard feelings. Go PTSC Oh, picked up another 15k shares at 1.49! Grand total= 47K shares
Posted by Repoman75 on :
GOing to buy 20K shares more next week.. please God, no news!
Posted by just_25 on :
GL repo, hope you get in before the news...it's on the horizon
Posted by KME on :
Lots of hype on this stock, you got my attention. I am going to take a strong look at this tonight and if I like it as much as you all do, I am going to join the party.
Posted by MickeyG on :
AT $1.42 should be the best time now to get these shares,won't go much lower than this.
Posted by Repoman75 on :
C'mon 1.30's.. c'mon.
Posted by MickeyG on :
You got it,it is there
Posted by Repoman75 on :
No volume.. they are just shaking the tree.
Posted by MickeyG on :
Maybe,I am getting 5000 more at this price,can't see it going much lower.News should come this week,but we will see.
Posted by Repoman75 on :
I'm trying to get about 15K....
Posted by MickeyG on :
Go for it.They sure are taking their time releasing any news.
Posted by Repoman75 on :
In HUGE at 1.43... let's see how good April is to us.
Posted by just_25 on :
That's great repo, what is taking so long to release the 8K's on the previous agreements?
Posted by Repoman75 on :
Dude, my guess is they are saving it all for some big financial release.... or even the shareholder's meeting.
Posted by stockvaper on :
Congradulations Repo...you got in at a good price.
Posted by Repoman75 on :
Already had some from .90... but now I've loaded the boat.
Posted by Repoman75 on :
Buying a few more here at these prices - bargain prices!
Posted by Repoman75 on :
Got some more at 1.36. Locked and loaded.
Posted by just_25 on :
Glad you got in Repo at these bargin prices!! I think my average pps is around $1.25. I hope we see news soon so we don't go much lower.
Posted by Repoman75 on :
Seems a big holder of stock, not an employee, decided to sell 2 million shares... that's why the PPS has dropped. Wouldn't be surprised if the company has known this and is withholding news until the seller's Planned Sale Date is done with.
Great chance to get cheap shares.
Posted by just_25 on :
where did you get that from repo
Posted by Repoman75 on :
Look at the insider transactions on Yahoo. Seems that the Family Trust of some previous owner is selling shares. Not a lot compared to the overall outstanding, but still, that is why we'll test the low 1.30's.
Posted by just_25 on :
Got it, nice job finding that bit of info... However I hope we see news soon, those 8K's are well overdue.
Posted by Repoman75 on :
Again, like the ex-CFO who sold his shares, I think the company will wait until this sale is over with... they don't seem to like to reward ex-shareholders.
Posted by MickeyG on :
Down to $1.27,how low can you go?
Posted by Repoman75 on :
Maybe 1.19 again, like the last time... then up to 1.60 hopefully.
Posted by Repoman75 on :
Seems we found resistance here.... 1.24.. buyers now flocking in.
Posted by MickeyG on :
Did this shareholder sell off at different times?I can't see him doing all at once.do we know if his sales are complete?If so stock should rebound.
Posted by Repoman75 on :
He only has a set time to do it in... a few days, or 1-2 weeks at most. He probably spreads it across a few days.. if I had to guess, I would say at least 50% sold so far.
I picked up the last of my shares here... at 1.25. No more dry powder.
Posted by MickeyG on :
With the news that is coming out soon,why in the world would someone do this anyway?
Posted by Repoman75 on :
Well, again, they are not insiders, they are related to an ex-employee I think... so they probably have shares at .20 or lower.
Plus, maybe they have like 10 million shares, and just want some cash.
Posted by stickfigurefred on :
I think they used to own the CEO's dog *smirk*
Posted by Repoman75 on :
Whomever they are, who cares. We still have pending 8-K's, and court cases, and shareholder meetings. Load up while you can.
Posted by Repoman75 on :
Big buyer at 1.25.... is anyone else loading up/ You know at the first sign of good news this will hit 1.60
Posted by doling2005 on :
Another great pump by REPOWOMAN
Posted by just_25 on :
I hope we see a bounce tomorrow, these sellers are rediculous. Why would you sell at these prices, when you know where PTSC is headed once the news is released???? Mind blowing
Posted by Repoman75 on :
It's that one big seller... that's all.
Posted by just_25 on :
he's killing us...what an idiot
Posted by Repoman75 on :
Yeah... but what happens when there is news? Up up up we go.. everyone will be out and chasing. Just have to hold the line. Nothing goes up forever. Remember when it hit 1.19 last time from 2.20.... it ran up to 1.70
Posted by just_25 on :
Let's hope we see a repeat of that. News is on the horizon and I would like to see the pps higher before we take off on the next big run.
Posted by Repoman75 on :
I wouldn't. Let the PPS stay down here. Then when news comes, we will have such a gap it will be insane. Screw the people on the sidelines, let them have to claw for shares.
Posted by Boomer94 on :
No news over the next two days and this stock will get below a buck. My cost basis was toooooo high to stay in. I do agree news will create a large gap. GL
Posted by Repoman75 on :
If it drops below a buck, I would sell and re enter at a lower price myself. See what happens here today.
Posted by just_25 on :
10.5m shares traded yesterday, hopefully that idiot who was selling his 2m shares is out of shares to sell. We might dip again today as the weak look at the red in their accounts, but they would be foolish. With the Casio and Fujitsu 8K overdue and the 10Q due out next week, we are headed back to the $2-$3 very soon. More agreements have to be coming with the go ahead from the CA courts for the TX courts to proceed with legal proceedings. These companies would be out of their minds to let the TX courts decide the outcome...Time will tell, but I'll bet I'll be laughing all the way to the bank!!!
Posted by Repoman75 on :
Remember, company has promised to buyback some shares too... this may be a good time to do it.
Posted by just_25 on :
Right, we should see some buys at these rediculously low prices. But, most people buy and sell on emotion, so everyday w/out news will tell the story...
Posted by just_25 on :
Patriot Scientific Receives Share of Proceeds from MMP Patent Portfolio Licensing Agreement with Fujitsu; Revenue from Distribution Will Fund Unprecedented 2nd 2006 Dividend, to be Paid April 24
CARLSBAD, Calif.--(BUSINESS WIRE)--April 5, 2006--Patriot Scientific Corporation (OTC Bulletin Board: PTSC) today announced that it has received its share of the distribution of proceeds from a licensing payment made by Fujitsu Limited - announced last month as the latest global system manufacturer to purchase a license to use intellectual property protected by the Moore Microprocessor Patent(TM) (MMP) Portfolio. The amount will be used to fund Patriot Scientific's second shareholder dividend of 2006, which will be issued on April 24 to shareholders of record as of March 31, 2006. Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which is being exclusively managed by Alliacense, a TPL Group enterprise.
"This distribution to Patriot Scientific substantially increases our pre-dividend cash position and represents another significant milestone in our ongoing effort to realize the monetary value of our portfolio for the benefit of our Company and ultimately our shareholders," said Chairman and CEO David H. Pohl. "It not only provides funding for our second dividend to shareholders in two months - it also represents further validation of our dramatic transition as a company within just the past year. Patriot has changed from formerly being a small, promising yet profitless microprocessor company to one now rapidly receiving recognition as the co-owner of what our advisors tell us is a highly valuable patent portfolio of ubiquitous high-tech intellectual property."
Patriot's first-ever cash dividend of $0.02 per share was issued to shareholders on March 22, 2006. Patriot's second dividend pay-out - $0.04 per share - will be issued on April 24.
"Even a single dividend is considered virtually unprecedented for microcap firms, particularly companies such as Patriot Scientific that are focused on microprocessor technologies," Pohl pointed out. "There are no other examples we are aware of in which a microcap has issued two dividends within a single quarter -- which is the way our Board of Directors has currently chosen to share the early fruits of our patent portfolio licensing strategy with our shareholders."
In striking this breakthrough licensing agreement for the MMP Portfolio as announced in March, 2006, systems manufacturer Fujitsu joined Casio, Hewlett-Packard, Intel and AMD in licensing Patriot's core patents, which impact virtually every microprocessor manufactured since 1994.
The broad range of system-level digital products exploiting MMP Portfolio design techniques - in addition to computers and related hardware - includes consumer electronic products ranging from televisions, digital cameras and portable music players, high-tech medical equipment, office automation products, aerospace and even automotive electronics systems. All of these products are designed with multiple semiconductor devices that use MMP Portfolio technologies.
"It is on this basis, although no assurances can be given, that Patriot anticipates receiving its share of proceeds from further licensing agreements with major technology manufacturers that our contract licensing team is working to achieve in 2006 and succeeding years while the patents remain enforceable," Pohl said.
About the MMP Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent(TM) Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise.
About Patriot Scientific
Patriot Scientific (PTSC) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The company's portfolio of proprietary designs encompasses fundamental microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology. Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at www.hawkassociates.com and www.americanmicrocaps.com. An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/patriot/profile.htm.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the Company's cash flow, market acceptance risks, technical development and litigation risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
CONTACT: Patriot Media Relations, Carlsbad Attention GroupDaryl Toor, 770-777-9489 dtoor*attentiongroup.com or Patriot Investor Relations Hawk Associates Frank Hawkins/ Ken AuYeung, 305-451-1888 info*hawkassociates.com
SOURCE: Patriot Scientific Corporation
Posted by Repoman75 on :
*SMILE* 1.25 and 1.36 is going to look real good.
Posted by just_25 on :
Man we needed this, I hope that the sellers sold out!!
Posted by MickeyG on :
The seller has to be out now,it is no coincidence that this news is out after he is sold out,GL to all!
Posted by Repoman75 on :
Exactly Mickey.
Look at ARCA on the bid.. begging for shares to be sold to him. This will be in the 1.30's in no time.
Posted by just_25 on :
There is still no mention of the amount received from Fujitsu....I think repo might be right when he said their might be one huge finacial pr coming. If Fujitsu is funding the $24m dividend itself, what will Casio and the others bring??? UP UP UP we go
Posted by Repoman75 on :
There are 320 million shares outstanding I think... with the .04 dividend, the Fujitsui settlement is AT LEAST $12 mil. AT LEAST. HP settlement was only $10 mil.
Oh, I can't wait for the TX case to settle. Will be around $50 mil.
Posted by MickeyG on :
Over $1.30 already,only will go higher!
Posted by just_25 on :
did anyone receive their .02 dividend yet???
Posted by Boomer94 on :
Congrats to those who stayed in. I got back in at $1.28. Cost me .04 to re-enter oh well. Let's ride! Just think of what some positive numbers will do to the price of this stock. GL
Posted by Repoman75 on :
I received my .02 divy.
Posted by stockvaper on :
Patience always pays off with a good stock.
Posted by just_25 on :
did they put the funds directly into your brokerage account??
Posted by Repoman75 on :
Yep
Posted by just_25 on :
I never received mine, weird? Posted by Edster on :
Pretty much got back what was lost yesterday. Is there much more upside today or will we see the gains trickle down for the rest of the day?
Posted by Opethian on :
bought at 1.225, sold at 1.375, and looking to buy back in, I love this stock Posted by just_25 on :
never mind, I found it!! We might see a dip around lunch time, but we should close in the high 1.30's. JMO
Posted by Repoman75 on :
Not sure what will happen... MM's playing games. Market is crossed.
Posted by just_25 on :
yeah, I saw they were up to no good, we need financial results to push past their BS
Posted by Repoman75 on :
Not even that. That was pure manipulation. I'm reporting this to the SEC and NASD. They were filling orders in a crossed market, which is illegal. TRAC sat on the bid.
Posted by just_25 on :
I saw the crossed market, will the SEC persue it?
Posted by Repoman75 on :
Doubt it... but hey, never know.
Posted by just_25 on :
Posted by just_25 on :
I see them doing it all the time, they are to big for us to impact.
Posted by all_guts on :
Glad to see some news finally, hopefully we see a nice uptrend the rest of the week. This news really isn't anything significant so imagine how we'll take off with the good pr's still to come!
Posted by Repoman75 on :
Look for EOD runup
Posted by just_25 on :
agreed, good vol and strong midday price, should close where I predicted earlier. The real tell will be tomorrow
Posted by Repoman75 on :
Let's see if we hold the high 1.20's here.
Posted by just_25 on :
man, no EOD run???? can't beleive we fell below the 30's.
Posted by Repoman75 on :
Yeah... no change... well, hopefully we stay green at least.
Posted by Boomer94 on :
Hopefully, they will settle with another party on the law suit pretty quick to swing it back above $1.50 before the earnings announcement. Does anyone know when the trial actually begins? Or if it has already began. Thanks.
Posted by just_25 on :
No idea about the trial dates, but I agree that another agreement anouncement before the quarterly earnings release would be great. Also we still have not seen the 8K's from the Fujitsu and Casio deals, those will also bring a huge uptick to PTSC's pps. Hang in their, good things are right around the corner!
Posted by MickeyG on :
Amazing this has opened lower.
Posted by Repoman75 on :
ARCA is eating shares up... must be loading up for something.
Posted by MickeyG on :
So much for the gains yesterday,we really need the good news before this drops too low.
Posted by Repoman75 on :
Hang in there Mick. We won't drop to the 1.13's again... just waiting for news now. Probably be a runup to the shareholder meeting on 4/24
Posted by MickeyG on :
I,m along for the full ride on this.when the hell are the 8 k's and othere coming out?
Posted by Repoman75 on :
Well, the 8K on Fuji could be tomorrow since they've received the payment. Casio is still unknown
Posted by Edster on :
This company declared a .02 dividend in Feb and then a .04 dividend in Mar yet the price dropped following the .04 dividend from $1.61 to the current price of $1.21 -- a .40 drop!!!!
What is driving this pps down? - would have thought it would have lots of long term upside pressure following the increased dividend declaration. Is there something working behind the scenes that is negating the dividend increase??????
Posted by Repoman75 on :
Edster, not that I know of. Probably people just being impatient.. remember, this has a 2000% gain over the last 2 months.
Posted by just_25 on :
It's on the OTC, stocks rise and fall dramaticaly as traders take positions. Some are bailing out because the finacials reports for the last two license agreements have still not been released. We also had a former associate of the company dump 2m shares this week...Considering the length of time we've gone w/out real news we are still at a great pps, that's due IMO to the long holders who are anticipating PTSC to prevail in the courts and continue it's revenue stream from the patent infringements.
Posted by Malloy on :
Chart is real bad...the minute this goes down 1$ it's gonna tank back to the .20
Nice pump on couple penny dividend but that won't help to hold this way over what it's worth.
Shorters are gonna jump real hard on this and make a STTK kinda crash.
Be carefull. OS is over 300M...really big for a OTC 1$ stock.
Posted by Repoman75 on :
Fair prediction. Let's see what happens, shall we Malloy?
Posted by just_25 on :
Hey malloy, normally I'm on board with your posts, but I must disagree here. There is a huge difference between PTSC and STTK. PTSC has huge revenue potential right around the corner. Some of the big players like: HP, Intel, AMD, Casio and Fujitsu have already signed license agreements instead of facing the patent infringement suit. The large OS will only need to be adressed if we go to a larger board like NASDAQ. As we all know concerning the pps of a stock, the markets attention to an individual stock has just as much impact as the companies finacials. If we don't see news for another week or two we may test $1, but I beleive there will be to many buys wating at that level to send us shooting downward. JMHO
Posted by black3 on :
We are slowly climbing back up.
Posted by Repoman75 on :
We will close flat. I guarantee we will not close below 1.19 unless bad news comes out. This will trade flat until the good news hits.
Posted by MickeyG on :
Looks good for next couple weeks
Posted by Repoman75 on :
Yeah.. back to 1.30! Hoohah. 8-K on Fuji should be out Tuesday.
Posted by just_25 on :
why tue repo??
Posted by Repoman75 on :
Just an educated guess.
Posted by MickeyG on :
Now at HOD!
Posted by Repoman75 on :
See how people loaded up today? No daytraders really because it's Friday... very light volume.. just shareholders loading up for next week.. financials are 4/14 I think, and SHM is 4/28
Posted by MickeyG on :
Well then it should climb a little higher then fly on 4/14 or 4/15,then more after everything else gets settled,people have to be patient.i am trying to be because i know it is coming,but they sure are waiting long enough.
Posted by just_25 on :
I agree Mick, fridays trading put us back in position to see small daily gains until the real news is released.
Posted by Repoman75 on :
Bidding up this morning... 1.34 x 1.35
Posted by just_25 on :
What's up with the delayed 8K? We might see the 10Q first if they wait any longer. Any thoughts?
Posted by Boomer94 on :
They are taking their time for some reason. I missed this one. I thought it would flat line around $1.50 instead of $1.25-30. I guess hold is the order until we get some news.
Posted by just_25 on :
It would have flat lined around 1.50 if they had kept the previous pace of pr's. In OTC land, no pr's = pps losses. I'm holding long, news is coming...Company expected to release 10Q this week or early next according to PTSC investor relations.
Posted by Repoman75 on :
SHM is the 24th.... you're not going to hold at least until the runup to that??
Patience.
Posted by Boomer94 on :
Don't you guys think the 10Q will have just as big of an impact on this stock as anything else other than a huge settlement and go forward contract in court???
Posted by Boomer94 on :
Regardless, I'd like to see a little stop loss news, like last week.
Posted by just_25 on :
depends, I'm unsure if the Casio and Fujitsu deals will be disclosed in the 10Q because they just received the proceeds from Fujitsu on the 5th of Apr. As far as we know, they still have not received the funds from Casio. Yes, the 10Q will have an impact, but how big will depend on what is disclosed. If those two agreements are included in the 10Q then we will fly. The SHM will also bring a nice spike to the pps and yes, more agreements and court proceedings will make us soar. Like I said, I'm long, just curious about the 8K for the previous agreements...
Posted by just_25 on :
agreed, stop loss news would be great
Posted by Boomer94 on :
At what point does patience turn into stupidity? How low does it go?
Posted by just_25 on :
You decide when your patience is up, IMO we have to much to gain to sell at these ridiculous prices. I don't know any more than you, but when news hits this stock goes up fast. To many potential infringements to call this stock a stupid hold.
Posted by Repoman75 on :
Yeah, if you don't like it, sell.
Posted by Boomer94 on :
I believe I'll hang in there, if it keeps going south. I'll buy some more. I got out of a tired stock today that freed up some cash. I've made over 100% on my investment with this one and I think the potential to do it again is there. The short term upside on this stock is as good as any I know of. I just like action and hate the hold game.
Posted by just_25 on :
quote:Originally posted by Boomer94: I just like action and hate the hold game. [/QB]
I'm the exact same way, but patience will pay off with PTSC. IMHO
Posted by jb247 on :
What is causing the big "sell off" today for PTSC ??
Any news ??
Posted by Danny12345 on :
late filing I think
Posted by Repoman75 on :
I think you're right Danny.
Posted by Repoman75 on :
This was a massacre... I hope something comes of this SHM or I may bail.
Posted by black3 on :
what is SHM?
Posted by black3 on :
ahhh, share holder meeting.
Posted by wallymac on :
Unbelievable!!!!!!!!!!!!!! No news, especially bad news and you are ready to bail. I think you should bail. The reason for the sell off is people like some of you who believe that the abscense of a PR means the company is a scam or falling apart.
I challenge anyone here to come up with anything that shows the picture has changed one iota from the time PTSC ran up to over $2. Nothing has. In fact they have issued a second dividend that will be paid on the 34th of this month. They have won a major court battle and the infringement case is now going to be tried int Texas. The Texas court that will hear the case is called a rocket docket, meaning that the J3 will no longer be able to bide their time. And the fact that over 80% of the cases tried there find for the plantiff.
So go ahead and bail. Buy some QBID or PAIM. The reason I bought PTSC back when it was .27 is because of the upside which has only gotten better since then. Weak hands and knees cause the drops in PPS and it sounds as though some of you suffer from that affliction. If you don't have the patience or the B's for it go ahead and get out. Just don't come crying when it rockets to highs you can't even imagine.
DO your OWN DD and never allow anyone to dissuade you from buying or to scare you into selling.
SHM = Share Holders Meeting
JMHO GLTA Wally
Posted by Repoman75 on :
Wally, there's a difference in perspectives when you bought in at .27 and the rest of us are in the 1.00's... c'mon! You want us to lose 50% of our capital if it drops to the low .70's or lower????
I don't care if this stock is the next MSFT, you NEVER lose your capital. Or it's game over.
Posted by wallymac on :
You misunderstood me. You are right it all depends on where you bought in at. If you bought at $1.50 then you should be out of it, a long time ago. I made that mistake with KLGE buying it in the $1.00 and then finally selling at .30. Not a happy thing. What I was referring to were people who rode it up and now are complaining. The other thing is you never make a profit or take a loss until you sell. It's all a matter of your stradegy. Flipper. Swing or Long.
It's very easy to get confused when reading posts. A daytrader may be upset because he bought in and it didn't rise the way he thought that day etc. Many who post and read the posts should talk about the way they are trading a stock when they mention buying or selling because the stradegy is different.
I should have said that anyone who got into this stock for the mid to long term. The current situation can easily turn on a dime.
Understand your point.
GLTA Wally
Posted by Boomer94 on :
They are going to file their 10Q late and lots of people freaked. I lost a good chunk of my arse today with a lot of you guys, but this company drops news when you least expect it. This stock has the potential to double in a day with good news. Any ideas as to why they are going to file the 10Q late? They had to know that would have a negative impact on the PPS.
Posted by Thorn on :
I think the common rule is to always sell when your lose reaches 6% (or at least some % of your choosing). There really isn't any excuse for people to complain about loss unless the stock drops so fast that trading for it gets stopped before they can trade (or else the volume is way too low to trade it).
As for the 10Q, this is something that has happened before (check SEC filings). It could thus just be a company thing, or it could be that they are too busy to make the deadline. PTSC isn't like some pink like CMKX, so it doesn't really bother me that they are late.
Posted by jb247 on :
quote:Originally posted by Boomer94: They are going to file their 10Q late and lots of people freaked. I lost a good chunk of my arse today with a lot of you guys, but this company drops news when you least expect it. This stock has the potential to double in a day with good news. Any ideas as to why they are going to file the 10Q late? They had to know that would have a negative impact on the PPS.
Accortding to the FORM 12b-25 (Notification of Late Filing) filed yesterday...
"The company requires additional time in order to adequately analyze appropriate accounting and disclosure matters related to transactions occurring during the quarter"
Posted by Boomer94 on :
Hey Thorn, If you get out of these microcap stocks when you reach a 6% loss ratio and you actually make money you must be one heck of a stock picker. Please put me on your buddy list for your touts.
Posted by MickeyG on :
Repo you can't bail now,I remember a recent post that had you in huge at $1.43.You should not take a loss like that.You know just as well as I do that this will go higher,just not as fast as we thought,now you must be patient.Anyway you don't have a loss until you sell,so hold it.
Posted by wallymac on :
Look for the 10Q not K to be filed Monday. 10K is not due until May 31. Fiscal year starts June 1. The 10Q will cover through Feb, so it won't cover the Casio and Fujitsu deals. It will show another profitable quarter. We still may also get 8k's on Casio and Fujitsu before the SHM. There's enough news to move this back to high levels.
Posted by Repoman75 on :
I'm not bailing... I only said if it headed into the .70's.
Posted by stockvaper on :
Good for you Repo....you and I know this company can come out with additional licensing agreements any day without warning. It'll jump back to where it should be until the court case is settled. At least $1.50 a share. (Maybe over $ 2 soon if more companies jump on board). JMHO.
Posted by jb247 on :
Patriot Scientific Announces Proxy Mailing, Receipt of Casio Licensing Distribution; Extends Time for Filing 10-Q3
By BusinessWire Last Update: 4/17/2006 9:00:17 AM Data provided by
CARLSBAD, Calif., Apr 17, 2006 (BUSINESS WIRE) -- Patriot Scientific Corporation (PTSC) today announced that the Company has received the distribution of its share of the proceeds from the previously-disclosed Casio license transaction. No further details of the licensing transaction were announced. To date, Patriot has received in excess of $38 million in distributions as its share of licensing revenues generated by its patent portfolio in slightly more than a year, including licenses with AMD, Intel, Hewlett-Packard, Fujitsu and Casio.
In addition, the Company's proxy statement has been filed, on schedule, with the Securities and Exchange Commission. This statement was mailed to shareholders last week, in advance of the Company's Annual Meeting of Shareholders, to be held on Friday, April 28, 2006 at 10:00 a.m. at the La Costa Resort & Spa, 2100 Costa Del Mar Road in Carlsbad, California.
Patriot Scientific also announced that the Company filed for a five-day extension, as permitted by law, to complete its filing of its 10-Q for 3Q 2006. "This extension was filed to allow our financial team a few days of additional time they needed to adequately analyze appropriate accounting and disclosure of significant revenue from licensing transactions and other matters occurring during the quarter," said Chairman and CEO David H. Pohl. "We anticipate no difficulty with this filing, and fully intend to complete our filing on or before the slightly extended due date."
"We also realize that some shareholders get frustrated when there is a gap for a period of time as to announcements of new license transactions for our patent portfolio," Pohl said. "The Alliacense licensing team which manages our portfolio, which is jointly-owned and marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio, continues to diligently pursue negotiations with candidate companies. The nature of the process is such that it requires our patience because, as much as we and our shareholders might desire otherwise, the status and progress of negotiations must remain confidential, and license agreements are not consummated according to any regular or predictable schedule," he added. "We remain optimistic about our outlook, and we remain focused on maximizing the long-term value of our business for the benefit of our shareholders," Pohl said.
Posted by stockvaper on :
Down, but low volume...
Posted by Repoman75 on :
Not looking good at all.
Posted by black3 on :
quote:Originally posted by Repoman75: Not looking good at all.
I thought for sure the news this morning would give it a boost.
Posted by stockvaper on :
black, I thought the same thing...it sounds like other companies are certainly in the works but will take a little longer to work out an agreement.
"...Moore Microprocessor Patent(TM) (MMP) Portfolio, continues to diligently pursue negotiations with candidate companies. The nature of the process is such that it requires our patience because, as much as we and our shareholders might desire otherwise, the status and progress of negotiations must remain confidential, and license agreements are not consummated according to any regular or predictable schedule,..."
Posted by Repoman75 on :
Turning around a little.. this better be one hell of a SHM.
Posted by MickeyG on :
This is out of hand now,but will hold.NO bad news,guess it'stime to get more.
Posted by Thorn on :
quote:Originally posted by Boomer94: Hey Thorn, If you get out of these microcap stocks when you reach a 6% loss ratio and you actually make money you must be one heck of a stock picker. Please put me on your buddy list for your touts.
Heh, well, the theory doesn't always work, and doesn't work at all if every stock you buy goes down 6%.
Still, I would be a lot better off now if I would have had followed this rule to the letter in the past.
--
Does PTSC have a bottom it can rest on? These are incredible buy-in prices. Why can't these stocks get coordinated so that when one goes down the other goes up? I hate being torn between two good choices.
Since next Monday is the payout for the dividend, that would mean there will be a big buy up on Tuesday for those who want to get in on it...but what can $.04/share do for this stock (approx 5% at these prices)?
Posted by Repoman75 on :
This is a massacre.
Posted by JL on :
PTSC looking interesting.
Posted by stockvaper on :
I freed up some more money. When I think we've hit bottom I'm going to accumulate more. Huge buying opportunity here. The potential of the company hasn't changed a bit. Impatience and fear have motivated some selling.
Posted by black3 on :
some selling? I'm just hoping to break even at this point.
Posted by stockvaper on :
Done....accumulated 1250 more shares.
Posted by JL on :
Selling slowing down...
Posted by bdgee on :
I bought back in at 0.743
Posted by Repoman75 on :
Look for EOD selloff when the daytraders leave.
Posted by stockvaper on :
I hope that we found the basement floor today.....
Posted by Repoman75 on :
Well, considering trading is done, I'd say so... but tomorrow... oh boy. Need a PR.
Posted by Boomer94 on :
Why did this stock go down over 20% on a day when they announced they have collected darn near $40 MILLION dollars in licensing agreements over the past year? Was the street expecting a lot more than that? I should have got out last week and re-entered. Oh well too late for that. I have one word for you. BUY! I wish I had some more funds. I'm all in. I lost a ton today, hopefully, I will make four tons tommorrow. GL
Posted by just_25 on :
wow, this is not what i expected after my 5 day vacation??? I guess i can only add more shares at this point. We need agreements or judgements at this point.
Posted by Anuj on :
what is scope of itpd
Posted by Fuzzy1018 on :
should this make up the loss of last few dayz today, or is it goin' to start goin' down again after the morning hours? any thoughts? i'm new in this stock
Posted by Repoman75 on :
Huge resistance at .90
Posted by just_25 on :
I wish I knew, I've given up trying to predict this stock. I took this opportunity to add an additional 13K shares at .83, it helped bring my avg pps down to almost $1… Posted by MickeyG on :
Moving back up again,when the pr's get released it will be where it was originally prdicted to be.
Posted by Repoman75 on :
Looking good so far.. hopefully no end of day sell off
Posted by jb247 on :
I know they filed for a 5-day extension for the 10Q, but does anyone know what the original "filing date" was supposed to be?
Posted by Repoman75 on :
I think it was supposed to be on Friday.
Posted by jb247 on :
Last friday, or this coming friday?
Posted by Repoman75 on :
Last Friday.. they need to report by this Friday or else... the "E"
Posted by jb247 on :
Isn't there a website that lists the "due date" for these reports?
Posted by Repoman75 on :
SEC.gov I think.
Posted by MickeyG on :
still rising,this can only be good
Posted by jb247 on :
quote:Originally posted by Repoman75: SEC.gov I think.
That only gives a list of filed reports... I know there is a website the tells when a company is "scheduled" to file an upcoming report...
Posted by Boomer94 on :
Must be some good news on the horizon.
Posted by stockvaper on :
According to OTCBB website, PTSC actually filed for their extension 4/12. They delivered a PR about the filing 4/17. So I believe the 10Q should be out today.
Posted by jb247 on :
Yes, they filed for a 5-day extension on the 12th, but that 5-days is from the "due" date of the 10Q. They also stated that they expect the 10Q could be filed BEFORE the 5-day extension is complete. I just wanted to make sure what the original DUE DATE was. I believe the 10Q will be filed this evening or tomorrow.
Posted by jb247 on :
This is setting up for a nice little EOD run in anticipation of the 10Q...
Posted by stockvaper on :
Wow, whoever sold me their stock a few days ago for .72 must really be kicking themselves now. Posted by jb247 on :
Just wait until the 10Q hits tonight/tomorrow... these prices will look CHEAP !!
Posted by jb247 on :
New HOD and climbing...............
Posted by Repoman75 on :
Damn, should have doubled down at .70's
Posted by jb247 on :
Here comes 1.20
Posted by jb247 on :
and there it is...
Posted by stockvaper on :
Repo, at least you didn't sell when the stock went South.
Posted by jb247 on :
I would LOVE to see this thing close at 1.20+ today !!!
Posted by jb247 on :
I'm just amazed that anyone would sell at EOD today...??? Especially when the 10Q could come at ANY TIME !!!
Posted by Repoman75 on :
Daytraders getting out.
Posted by jb247 on :
Fools!!! This thing will likely gap up in the AM...
Posted by jb247 on :
I hope the 10Q is released at 4:01 !!! and BURN their A$$E$ !!!
Posted by Repoman75 on :
10Q tomorrow my guess, in the AM. PTSC usually doesn't release AH.
Posted by jb247 on :
Yes, but a 10Q is different than a PR...
Posted by Repoman75 on :
Yeah, but I still say tomorrow.
Posted by trade_me on :
These numbers look GOOD !!! Can you say GAPPER in the AM !!??
Posted by wallymac on :
Can you say run all day long? I see a close above $1.50 tommorrow.
Posted by jb247 on :
I would love to see them follow up tomorrow with (seperate) 8Ks for Casio and Fujitsu !!!
Posted by Repoman75 on :
No royalties though.. a little disappointing
Posted by jb247 on :
quote:Originally posted by Repoman75: No royalties though.. a little disappointing
"No royalties"..? Did you READ it ???????????
Posted by Repoman75 on :
Yes.... did you? Only one time payments. No reoccuring royalties from ANY company that has settled.
Show me where I'm wrong.
Posted by jb247 on :
You were expecting "reccuring" payments..?
PTSC has NEVER said anything about receiving reccuring payments from their licensing agreements.
You were expecting these companies to pay PTSC $10 to $15 MIL...EACH... PER YEAR... from now on..?
You've got to be kidding me ??????
The one-time license agreement payment IS their "royalties".
The 10Q shows "Licenses and royalties" of $70,000,000 (for the Nine Months Ending Feb 28, 2006) ... and you say "disappointing"...?
What in the world were you expecting..?
These numbers are BIG, and we will GAP in the AM and RUN !!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by Repoman75 on :
Ok we'll see. Yes, I was expecting reoccuring payments. Not $15 mil, but something.
Listen, I am long, and I'm telling you watch yourself tomorrow. They are also being sued by the Fish Family, co founders.
Posted by wallymac on :
They are recieving royalty payments from AMD on the inflame/ignite. Early licensee's have been given sweetheart deals that don't include recurring royalty payments. Each company does have to pay yearly maintanence fees of $100,000 dollars for a period of 4 years. You have to go back and read the AMD, Intel and HP 8K's.
These early settlements are just to get the ball rolling and establish some validity to patent infringement claims. Things will change as we progress.
Expect to see announcements of a signing or two prior to or at the Shareholders meeting. This 10Q was very positive.
I'm not worried about the Fish suit. I believe that stemmed from a time when PTSC had sole ownership of the patents, which Fish had sold to Nanotech who in turn sold them to PTSC. I believe this agreement was done in order to have Fish testify in a pending case VS TPL and Moore. It didn't happen and TPL(MOORE) and PTSC are now partners.
On another note, with the Shareholders Meeting just around the corner I think TPTB at PTSC will do something to insure the PPS is in good shape for the SHM.
GLTA Wally
Posted by stockvaper on :
How many companies with a market cap under $500 M have netted $ 28 M ? That's a good start in my mind.
Posted by Boomer94 on :
quote:Originally posted by stockvaper: How many companies with a market cap under $500 M have netted $ 28 M ? That's a good start in my mind.
No doubt. There are several multi-billion $ market caps out there that would love to have that net.
Posted by jb247 on :
I would really like to see a PR today "highlighting" some of the key points in the 10Q...
I'm affraid most people don't even know the 10Q has been released yet...
ETURD still doesn't even show the 10Q under the news section of PTSC !!
Posted by Repoman75 on :
I would like to see news not related to the 10Q, but about other settlements... runup into the SHM.
Posted by jb247 on :
Finally starting to get a little gap... good support developing, with a nice "stairstep" forming on the ask...
Posted by jb247 on :
Running now...
Posted by Repoman75 on :
Running? Running back down to fill the gap at the open.. then afternoon run.
Posted by MickeyG on :
Doing Ok now,but why is it not showing anywhere that the 10Q is out?
Posted by Repoman75 on :
It did show, yesterday. Check Yahoo.
Posted by MickeyG on :
What is going on now?A big dip.
Posted by Repoman75 on :
I told you guys. Friggin JB pumpin' this to no end.
People were pissed that it showed no royalties on the 10Q, and that they are being sued by a former founding member.
I hope it dips down to .60 again before the SHM. I'll go in large one more time.
Posted by MickeyG on :
The ups and downs on this are incredible today.Can't figure it out now.
Posted by MickeyG on :
I'd say good comeback but who knows.I am done predicting this stock and just hope for the best.
Posted by Boomer94 on :
I rode this horse right into the grease again. I got out with third degree burns. I'll get back in at 70 cents tommorrow or Monday. They will probably announce another settlement in the middle of next week to stop the bleeding, but I don't see this thing staying north of $1 very long in the a.m. Good Luck
Posted by Repoman75 on :
Nope.... buy back or buy more in the .80's.
Posted by black3 on :
Is there any reasonable possibility that this can rise above where it is now on Friday or is it headed south? I'm debating just cutting my losses and protecting what I have left. I'm sure it will do the exact opposite of what I decide.
Posted by Boomer94 on :
quote:Originally posted by black3: Is there any reasonable possibility that this can rise above where it is now on Friday or is it headed south? I'm debating just cutting my losses and protecting what I have left. I'm sure it will do the exact opposite of what I decide.
I wouldn't hold any longer than thirty minutes in the a.m. f there is no news and it is heading south. I would dump it and perhaps get back in late in the day or early next week. The problem with holding it thirty minutes after the market opens is, by then, it may very well be trading below 90 cents. But then again, I thought it would close in the mid 1.30's today after the earnings release. JMHO
Posted by wallymac on :
quote:Originally posted by black3: Is there any reasonable possibility that this can rise above where it is now on Friday or is it headed south? I'm debating just cutting my losses and protecting what I have left. I'm sure it will do the exact opposite of what I decide.
As with everything else. this depends upon your trading style. If you are day trading or usually hold for a day or 2 then you might sell. Just remember it's only a true loss when you sell. Until then it's a paper loss.
There are many people who have been holding this stock for the long term. They will be getting their .04 per share dividend on Monday/some Tuesday. Look for a lot of them to reinvest their divy money back into the stock. IMHO, we hover in this area .98 to $1.20 until we get more news. Monday and Tuesday will probably be in the $1.15 to 1.25 region with the reinvestment happening.
Do whatever you think is right.
Posted by black3 on :
Thanks for the input Wally and Boomer. I've only been trading stocks for a few months and am still finding my tolerance levels. I may sell off a portion and let the rest ride for a while and see what happens.
Posted by MickeyG on :
This stock makes you want to hit something.
Posted by Repoman75 on :
Haha.. yeah.
Posted by MickeyG on :
A daytraders dream at this point.Hopefully SHM turns out good and gets this back up again.
Posted by MickeyG on :
I do not drink but the swings on this stock will lead me to drink heavily.It is now up after being down.
Posted by just_25 on :
Monday is the SHM, hopefully we will see some gains from good news. I agree with repo on the subject of reoccurring royalty payments. One time payments will only make this stock spike, then slowly decline. They need to get some reoccurring payments to hold onto our gains. If they keep this trend of one time payment agreements I'll start trading this stcok again, no point in holing long if PTSC can't hold the gains. JMHO. Time will tell
[ April 21, 2006, 11:05: Message edited by: just_25 ]
Posted by stockvaper on :
My guess is the 'one time' agreements do include royalty payments. PAST royalty payments, with a negotiated better deal for early comers, (i.e. less royalty percentage for past enfringements). I can't imagine PTSC, once receiving a payment for past enfringements would give up all future royalties forever regardless of the gross sales of a licensed company. I may be wrong but if this is what they're doing they need new patent attorneys.
Posted by just_25 on :
I like your guess stockv. My only concern is that the 2 big players Intel and AMD have already signed. Their attorneys had better up the ante in these court cases.
Posted by MickeyG on :
Well,today is shareholdes meeting.What will happen,who knows.Hopefully good news comes out of this.
Posted by just_25 on :
Patriot Scientific Corporation Announces Share Repurchase Plan, Strong Q3 Revenues; Portion of Future Revenues Allocated for Stock Buyback
CARLSBAD, Calif.--(BUSINESS WIRE)--April 24, 2006--Patriot Scientific Corporation (OTC Bulletin Board: PTSC) today announced a plan under which it would utilize 10 percent or more of future licensing revenues to buy back corporate stock. The Company also announced significant earnings results for its third fiscal quarter, as contained in its Form 10Q filed last Thursday, and confirmed that the previously announced cash dividend of $.04 per share is being issued today.
"The stock buyback plan adopted by the Board of Directors calls for management to use not less than 10 percent of future licensing revenue distributions received by the Company to purchase shares of our stock on the open market in a manner consistent with applicable securities laws and regulations," said David H. Pohl, Chairman and CEO of Patriot Scientific. "These buybacks are, of course, subject to the Company determining at the time licensing revenue distributions are received that such action is prudent based upon market conditions and sound financial management considerations. Repurchased shares will be placed in our treasury as a resource available for possible future use," Pohl explained.
"This stock buyback program reflects our confidence in both the near- and long-term prospects for Patriot Scientific," Pohl stated. "We are committed to returning value to stockholders in various ways, including through our growth strategy as well as our focus on operational excellence and ability to generate and manage strong cash flow. As we receive and accumulate cash in the future from anticipated licensing revenues, our Board will be continuing to review and update our business and strategic plans," he continued. "These considerations currently include payment of dividends, buying back some of our outstanding shares and warrants, and contemplation of other prudent and feasible ways in which we might put future cash to work to create additional streams of revenue for the benefit of the Company and our shareholders."
In actions extremely rare for micro-cap corporations, Patriot will have issued two cash dividends within the past two months. The second of these two dividends is being distributed today to qualified shareholders and warrant holders of record as of March 31, 2006. Upon completion of this dividend payment, the total dividends paid by Patriot so far this calendar year will be almost $25 million. Earlier this year, Patriot also entered into a warrant buyback plan, and in February it exercised one of its monthly options to repurchase 2 million outstanding warrants from a warrant holder.
These cash dividends and buyback plans are especially significant because - until Q3 of 2005 - Patriot had never shown a quarterly profit, and had never realized significant revenue from its 10-patent portfolio of seminal microprocessor innovations. Since February of last year, the Company's jointly owned patent portfolio - marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio - has been successfully licensed to Intel, AMD, HP, Fujitsu and Casio, generating millions in revenue for Patriot.
The information just released by Patriot - as reported on its Form 10QSB filed with the SEC - includes among other things that in the three months ending February 28, 2006, Patriot Scientific booked some $60 million in revenue from license transactions. As explained in notes to the financial statements, that amount includes revenues of a joint venture licensing entity that are not available to the Company, but which - due to the need to comply with a complex rule of accounting standards - Patriot is required by its independent auditors to consolidate and include with its own figures. The same accounting rule and explanation applies to income figures included in the report.
The Company also completed the previously announced conversion and retirement of all remaining convertible debentures that had been on the books, freeing the Company from the liability as well as certain restrictions and contingencies that had been contained in those debt agreements.
"The very favorable quarterly revenue and income figures, even after allowing for the inclusion of figures for the consolidated joint venture entity, show Patriot Scientific Corporation to be a strong growth company in excellent financial health," Pohl said. "Although past performance does not guarantee future success, we are confident that Patriot will receive additional licensing distributions based on our core patent technologies that are at the heart of virtually every microprocessor produced since 1994. With the precedent of the licensing agreements already entered into with major computer chip and electronic equipment manufacturers, we have every reason to expect that other firms will choose to honor our patents by obtaining licenses."
"Our recent quarterly report also includes information about some litigation or disputes in which the Company is engaged that do not involve patent infringement," Pohl commented. "It should not be surprising for a company like Patriot that has undergone such a dramatic transition in the past year to be dealing with some conflicted matters from the past that need to be resolved. These matters are not distracting us from the normal course of business, and we rely upon the experienced and skillful attorneys who are advising and representing us to help bring these matters to a satisfactory conclusion."
Through the Company's marketing alliance with The TPL Group's Alliacense division, active license negotiations are ongoing with other U.S. and foreign companies whose digital products include fundamental design techniques covered by the Company's patent portfolio. More than 150 of these companies - and that includes practically every high-tech consumer electronics manufacturer and systems integrator in the global marketplace - have been put on notice of likely infringement and the opportunity to obtain licenses.
"Q3 of 2006 has proven remarkably successful for Patriot Scientific," Pohl said, "and our Board of Directors has seen fit to share this success directly with our shareholders through two unprecedented dividends. Now, in addition, our Board has adopted a strategic long-range stock buyback plan to demonstrate our belief in the future of Patriot and the long-term value of our stock."
About Patriot Scientific
Patriot Scientific (OTC Bulletin Board: PTSC.OB) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The Company's portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
The patent portfolio, marketed as the Moore Microprocessor Patent(TM) Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the Company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
CONTACT: Patriot Media Relations Attention GroupDaryl Toor, 770-777-9489 dtoor*attentiongroup.com or Patriot Investor Relations Hawk Associates Frank Hawkins/Ken AuYeung, 305-451-1888 info*hawkassociates.com
SOURCE: Patriot Scientific Corporation
Posted by just_25 on :
the dividend payment will be a nice little bonus for all of us today.
Posted by MickeyG on :
Looks good,but we will see
Posted by jb247 on :
quote:Originally posted by MickeyG: Well,today is shareholdes meeting.What will happen,who knows.Hopefully good news comes out of this.
Today is not the shareholders meeting... it's on Friday, April 28, 2006.
I got my PTSC dividend distribution this morning... Nice chunk of money...Thanks PTSC. Posted by just_25 on :
they must have changed the date, originally it was the 24th. At least we got a pr today!
Posted by MickeyG on :
Yeah ,they must have changed that.Again goo dthing for PR hopefully gains up to the meeting and next week will take it off.
Posted by Repoman75 on :
What does this mean? PTSC gets how much of the cut?
The information just released by Patriot - as reported on its Form 10QSB filed with the SEC - includes among other things that in the three months ending February 28, 2006, Patriot Scientific booked some $60 million in revenue from license transactions. As explained in notes to the financial statements, that amount includes revenues of a joint venture licensing entity that are not available to the Company, but which - due to the need to comply with a complex rule of accounting standards - Patriot is required by its independent auditors to consolidate and include with its own figures. The same accounting rule and explanation applies to income figures included in the report.
Posted by just_25 on :
I saw that too, no idea of what % they get. You can email their investor relations to find out
Posted by just_25 on :
hope we can hang onto these gains going into the SHM. 1.20 just printed:)
Posted by Repoman75 on :
I think we'll trade up as the SHM meeting approaches... question is, what happens after.
Posted by just_25 on :
Let's hope. We're nearing the end of the mid-day sell off, hopefully we can have a nice EOD run for a change. As for after the SHM, PTSC will have to keep us updated on the court hearings and come out with more signed agreements to keep our heads above water. I'm bullish long but short term will be determined by the length of time between good pr's.
Posted by Boomer94 on :
Do you guys think they will have an agreement or two to announce at the SHM or maybe the day before. If so, the stock should be at a decent number by the end of the week. I am beginning to wonder if I'll ever see my recovery price in this stock.
Posted by just_25 on :
who knows boomer? That would be great, but we'll see by friday.
Posted by wallymac on :
quote:Originally posted by just_25: I saw that too, no idea of what % they get. You can email their investor relations to find out
PTSC get 50% or in this case 30 Million.
Posted by just_25 on :
This was released yesterday before the closing bell. Found it on Nasdaq news this morning. It confirms wallymac's previous post.
RMBS/PTSC: Chip Patents Boost Shares
Rambus (RMBS +12%) shares are sharply higher after after a California jury awarded the firm damages of $306.5 million in a patent infringement case against Hynix Semiconductor. The damages cover a portion of Hynix SDRAM, DDR SDRAM and DDR2 memory products sales in the U.S. from June 2000 to Dec 2005. Hynix has still pending litigation vs. Hynix, as well as infringement suites against Micron (NYSE: MU), Samsung and Nanya.
+20% PTSC: Patriot Scientific, another semiconductor intellectual property firm, is trading higher on both the Rambus news, and an announcement by PTSC that it will use 10% or more of its licensing revenue to buy back stock.
On Friday, Dow Jones ran a story revealing the PTSC license stream is heavily front end loaded. The company has secured $76 million in one-time-only fees that are split with its partner. Meanwhile PTSC shares outstanding have swollen to 361.8 million on April 17. As of Feb 28, the number of common shares was 307.9 million, up from 232.9 million a year earlier.
Posted by Repoman75 on :
But it doesn't say the ratio of the split.
Posted by just_25 on :
I guess I assumed they would give the ratio if it was not 50/50, but your right.
Posted by just_25 on :
Also, why are they diluting shares when they are finally making money??
Posted by stockvaper on :
Some of the dilution came from converting debentures to common shares when they eliminated their liabilities.
Posted by just_25 on :
Thanks stockv. Has anyone else not recceived their dividend? I checked my account this morning and still no payment
Posted by Repoman75 on :
Ameritrade is late paying I think.
Posted by just_25 on :
down we go again, and it's only tue. hope we stay above 1 going into the SHM.
Posted by MickeyG on :
Not down that much.Should be ok until SHM.
Posted by just_25 on :
we had our heads above water for a minute. looks like we may hang around yesterdays close. i'm off on buisness till thu, hope i don't come back to another house of pain like last time:) On second thoughts I hope it does go south so I can pick up some more rediculously priced shares!
Posted by Boomer94 on :
I expect a run-up on this stock today and tommorrow. Good Luck!
Posted by some_extra_dough on :
Boomer, I hope you're right. It sure seems like this company has a lot going for it. The agreements thus far are very encouraging. My thought is that those agreements will go a long way in influencing the Texas courts decision. I see the upside on this stock as being huge, and I like the management's mindset of rewarding shareholders with dividends, etc. I'm just trying to be patient with this one - and buy some more at these prices!! GLTA!
Posted by stockvaper on :
Boomer, it looks like you called it.
Posted by judge1234 on :
I'm getting dizzy on this PTSC elevator going up and down. Posted by some_extra_dough on :
I'm new to this board (and PTSC) - and I'm really glad I've found some intelligent discussions on this board. I'm curious as to everyone's position on this one. As stockvaper points out, this one seems to take the elevator up and down on a daily basis. It would seem like that would lead to a great opportunity to day trade this stock. On the other hand, I can see the advantages of being long as well. Anyone have any thoughts on where we're heading in the next 3 months, 6 months, year? TIA
Posted by MickeyG on :
Shareholders meeting tomorrow,so a PR should be out late tomorrow or on monday,all should be good,but we will see,GLTA!
Posted by Repoman75 on :
Be in before next week... recap of SHM in a PR.
Posted by just_25 on :
Hey all PTSC holders, I have some interesting news. This morning I played a round of golf with some good friends. During the course of play we discussed our investment and trading strategies amongst other topics. When the subject of PTSC came up, my one buddy told me PTSC might be featured on Cramers Lightning Round soon? He would not say how he got this information, but he did tell me there is a good possibility. Just food for thought, if cramer gives it a thumbs up we are sure to see a run.
Posted by just_25 on :
I've done a little research since posting my last news. I think my buddy may be F.O.S, because I read in Mad Money's disclamer that they will not discuss BB or pink stocks. PTSC falls under BB so I don't know how they would discuss it, unless they granted a waiver. I guess we'll see but I'll call him and see if I can't get some more info.
Posted by MickeyG on :
OK,the shareholders meeting is today,so where do we think we are going from here?Hopefully north.
Posted by just_25 on :
lets hope! hopefully we'll see a pr
Posted by MickeyG on :
Small gap now,so lets hope for the best.
Posted by some_extra_dough on :
I'm ready for some action!! I'd like to see a nice PR this afternoon, but I think it will come either after hours or on Monday. GL everyone
Posted by inyourface53 on :
PTSC...this thing is a POS ready to goe downstream...when a pubco deals with toxic equity lines, shareholder get f---ed. Plain & simple.
One star for you douche.
Posted by some_extra_dough on :
inyourface53, thank you for your intelligent and eloquently stated post!! It sounds like we can all learn a lot from you.. NOT!!! You're exactly the kind of poster for which the "ignore" option comes in handy!! Bye..Bye..
Posted by wallymac on :
quote:Originally posted by inyourface53: PTSC...this thing is a POS ready to goe downstream...when a pubco deals with toxic equity lines, shareholder get f---ed. Plain & simple.
I love it when people read one blurp and think they know the whole story. The exact opposite is what's happening. PTSC ended the financing with them. PTSC is now debt free. They have issued (2) dividends to stockholders. They will be buying back shares with 10% of each new licensee. I'm sure there is more to come. This company will be trading much higher very soon.
I expect we should get a PR after Market today regarding Share holders meeting. If not I'll go to agoracom and find out from the people who attended the meeting. If no PR today yes then more than likely pre market monday.
GLTA Wally
Posted by just_25 on :
what happened today? SHM, buys in the AM, then strong sell off the last hour. Man, what the heck?
Posted by Boomer94 on :
quote:Originally posted by just_25: what happened today? SHM, buys in the AM, then strong sell off the last hour. Man, what the heck?
My guess is the shorts wanted a PR today and didn't get it so they are dumping. I wish some of them would hold and make the others really pay when a good PR happens.
Posted by some_extra_dough on :
just_25, I think the sellers were people expecting some type of PR today, and they got worried when it didn't come. I think they'll be kicking themselves Monday. Great buying opp. in the last hour for those with some extra dough. No worries here!!
Posted by just_25 on :
I guess we'll see monday. Have a good weekend everyone
Posted by Repoman75 on :
Check the argora board.. people there were at the SHM.
Posted by some_extra_dough on :
Repo, do you have a cite? I found the board, but can't find the PTSC discussion. Thanks
Posted by Repoman75 on :
It can go either way with this thing, but $3 in the next few months is very possible. Repo, what is the over/under on time before they announce a record agreement with Sony?
Posted by Repoman75 on :
I would say that is an over, long time... the biggest news for PTSC this year will be the settlement of the TX case. If that goes their way, companies will just begin to settle because they will have no legal grounds to stand on.
Posted by MickeyG on :
THIS WAS POSTED ON ANOTHER BOARD:
Subject: Meeting, I was there. From theInformer PostID 473436 On Friday, April 28, 2006 (EST) at 10:45:02 PM
1. Pohl said this could be conservative, but products of over 2 billion $$ infringe annually. 2.Looking for joint ventures, Companies that look appealing to them! 3.More dividends in the future probable. 4.Get out of the OTCBB, mentioned a few exchanges. 5.Pohl felt shareprice was extremely undervalued, and going to work on it! 6.Pohl believes very much in Company! 7.Swartz felt PTSC had a very bright future. 8.Swartz said Company has broken out from the OTCBB pack, not many do. Long term holders should be well rewarded! 9.Through research, found no other OTCBB stock had given a dividend, except WALLMART!! YES WALLMART!! 10.PTSC was extremely condfident in TPL, very well qualified, there just in the beginning stages of plans. 11.Swartz claims this company ''PTSC'' can be HUGE! Right management is in place. 12.Shareholders who hang in are gong to do very well. 13. Turley, talked about what types of microprocessors infringe. He mentioned a BMW and mercedes has over a 100 microprocessors on board in each automobile. 14. The Ignite chip could be sold now that the PTSC is financally stable, Companies would not take a risk on small Companies like PTSC that mayt not be there tomorrow. 15 PTSC is now located in the new Silicon Valley, Carlsbad, thats very important. 16.TPL has been overseas for over 200 days. 17. TPL was asked if the price for a MMP license has gone up, he stated thats what its all about! 18. Last but not least, Court date for the J3 could come in the next few days, very good news!
Posted by Boomer94 on :
All that great news and the price is down 15% since Fridays open. Too bad the large investors didn't have on their rose colored glasses at the SHM.
Posted by just_25 on :
From the overview posted by MickeyG
"Pohl felt shareprice was extremely undervalued, and going to work on it!"
If they beleive the shareprice is undervalued then we need to have pr's on what is going on, like key points at the SHM.
Posted by Repoman75 on :
Court date in the next few days?? I find that hard to believe.
Posted by some_extra_dough on :
Repo, I think what was meant by "court date in the next few days" was that the Texas court would issue a scheduling order which would include the trial date. The trial would probably not occur for another 6 - 12 months would be my guess - but at least it would provide a definite timeline.
BTW, thanks for the Agora link!
Posted by just_25 on :
sorry all, sold 30K shares to make some cash in other plays. The oil plays made me 100% profit today with PGPM, and I positioned myself in NDOL awaiting the PR coming today or tomorrow. I'll be back in PTSC soon, hopefully this time with 50K shares or more:) GL
Posted by MickeyG on :
When will there be a damn PR about the SHM?!!!
Posted by Boomer94 on :
At the rate of loss we are looking at since the SHM last Friday you should be able to buy 50 K shares for $ 25 K in less than 2 weeks.
Posted by just_25 on :
Thats what I'm betting on, as long as there is no pr, but they don't seem to concerned about putting out a pr anytime soon, JMHO. I'll be back in a week or two. GL
Posted by some_extra_dough on :
just_25... I saw your mention of NDOL and checked it out. I'm really glad I did!! I got in at .69 and it hit .85 today. The PR that came across today sure makes it seem like we'll see some significant money in the next week. Thanks for the tip!!
I hope to use some profit from NDOL to get back into PTSC...
Posted by just_25 on :
I'm right there with you some_extra_dough! GL
Posted by RichBy26 on :
hey some_extra_dough, did you see the news about NDOL!!!!! I'll be back in PTSC first thing next week with 50K shares, just as I predicted:)) Hope you made out with NDOL too Oh forgot to mention... my screen name was Just_25, but my birthday was yesterday so I changed my screen name
Posted by Repoman75 on :
Have to get back in soon.... a PR is way overdue.
Posted by RichBy26 on :
I know repo, but they won't release a pr on a friday, so I'll see how low we dip tomorrow. If we go low enough I'll buy, if not I'll wait. I agree we are long overdue but I just have a feeling we won't get news til the week following next JMHO. I might be wrong, but I'm comfortable waiting til I feel the time is right. GL man
Posted by RichBy26 on :
Hey guys, there's a nice little rally going on with PTSC today, decent vol concidering everyone and their mom is looking at oil and metal stocks. No posts? Come on, news may be on the horizon JMHO. GL, I'll be back in soon!
Posted by Repoman75 on :
Nope.. I think it's a suckers rally today... not buying back in until the .70's
Posted by RichBy26 on :
That would be great (for me) if we headed back down to those levels. That's what I'm waiting for anyway, but if they do release a pr I'm going to be caught chasing. Oh well, have to make decisions you cna live with. GL
Posted by Boomer94 on :
Repo I'm still in. Suckers rally or not I'll take it. I smell (pray) a PR Monday morning. Check out AURC. GL
Posted by RichBy26 on :
I'm already in AURC with 100K shares!!! I made a killing by taking my cash out of PTSC and putting it in NDOL (103%gain in 2 days!). Now I'm positioned in AURC and PGPM huge. I'll take some of my profits off both and reinvest in PTSC, they are both ready to blow. GL with all you trades Boomer94
Posted by stockvaper on :
Does anyone think it's reasonable to expect the enfringement amount of the J3 lawsuit to be made public when the courtdate is set (any day now per the SHM).
Posted by Repoman75 on :
No idea vaper. But at least knowing the date would be huge.
Posted by RichBy26 on :
not likely stockv, but I agree a date would help, heck any news would help at this point.
Posted by Boomer94 on :
Leadership needs to do sweet heart settlement for the sake of the shareholders.
Posted by TCB on :
I called their investor relations yesterday to ask three questions... 1. When will another PR be released 2. Do they have a court date 3. Any thought to a stock split
the guy wouldnt give me any information. He did say that the case hadn't been accepted by the Texas Court yet and that once it was accepted, it would probably be at least a year before it happened.
Posted by stockvaper on :
Thank goodness it's in a "rocket docket" court...LOL
Posted by Repoman75 on :
Dead money... move on to other investments for now.
Posted by RichBy26 on :
Prices are looking good for a re-entry...If we keep sliding at the current rate we might see low 60's or high 50's by friday, in which case I would pull the trigger and load back up. I understand we might be dead for a little while, but I feel we are long overdue for an update and I have a feeling that an agreement might be in the works. They said 5-6 more by year end and we only have 6 months left so I'll take my chances and buy if we get to my target level...GL
Posted by Repoman75 on :
If it dips under .60, going all in. Last time it did that, it hit 1.20. Just would need a PR for an easy 50% gain.
Posted by RichBy26 on :
exactly repo, that's what I'm saying
Posted by TCB on :
dont wait too long, it will rocket when the next PR comes out. I got back in at .81
Posted by Repoman75 on :
No reason why it won't hit .50 next week.. I'm waiting.
Posted by stockvaper on :
At the SHM PTSC mentioned their patent attorneys had been in Europe for 200 days. I doubt they would be there that long if they thought they were wasting their time. Even 200 days is more than a nice European vacation. Something big is coming.
Posted by Boomer94 on :
I bought another bundle today. Repo don't say it is going under .60, even if you think that I could not take the real loss last time it started dropping, so I am still in. I finally got my cost basis to a possible single positive PR recovery point. I am officially an investor and not a trader in this stock at this point. Between my losses in this one and NDOL I'll be working until I'm 80 or dead. Settlement and PR wanted!
Posted by TCB on :
You and me both Boomer
Posted by TCB on :
ptsc moving up on just the announcement of a new PR firm... will be nice to see the effect of another licensing agreement...
Posted by Repoman75 on :
That's the type of PR that will rocket this... not fluff about PR companies.
Posted by TCB on :
The reason they got a new PR agency is they are about to make some major announcements...
(wishful thinking)
Posted by RichBy26 on :
I'm happy for all those holding PTSC, you needed this pr, fluff or not. I agree this will skyrocket again with the right pr, but I want to caution those still holding that the indicators don't look good after this pr fizzles out tomorrow. I'll wait till we come back down, I beleive that fluff pr was in an effort to save the pps, because they don't have anything solid to release. I could be wrong but that's my feeling. GL to all those still in, you should be fine in the long run. Here is the short, medium and long term indicators if anyone cares. They only apply if we don't get news...
PTSC (OTCBB)
Composite Indicator Trend Spotter TM Sell
Short Term Indicators 7 Day Average Directional Indicator Sell 10 - 8 Day Moving Average Hilo Channel Sell 20 Day Moving Average vs Price Sell 20 - 50 Day MACD Oscillator Sell 20 Day Bollinger Bands Sell
Short Term Indicators Average: 100% - Sell 20-Day Average Volume - 3474310
Medium Term Indicators 40 Day Commodity Channel Index Sell 50 Day Moving Average vs Price Sell 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 50% - Sell 50-Day Average Volume - 6171202
Long Term Indicators 60 Day Commodity Channel Index Sell 100 Day Moving Average vs Price Sell 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 33% - Sell 100-Day Average Volume - 7526478
Overall Average: 72% - Sell
Price Support Pivot Point Resistance
0.6850 0.6150 0.7050 0.7950
Posted by JL on :
Might scoop some up today...looks to be building again. And they signed on quality PR Firm. Should head back to 1+
Posted by stockvaper on :
And don't forget...
"The stock buyback plan adopted by the Board of Directors calls for management to use not less than 10 percent of future licensing revenue distributions received by the Company to purchase shares of our stock on the open market in a manner consistent with applicable securities laws and regulations," said David H. Pohl, Chairman and CEO of Patriot Scientific. Posted by RichBy26 on :
does anyone know of any news coming??? This has been on a pretty nice upstream and it opened today .09 above previous close. I looked but could not find anything. Something might be on the horizon!
Posted by RichBy26 on :
XsunX, Inc. (OTCBB: XSNX) is the developer of Power Glass -- an innovative thin film solar technology that allows glass windows to produce electricity from the power of the sun. This proprietary process is intended to allow manufacturers to apply a semi-transparent and photovoltaic glazing to glass and other transparent substrates. When XsunX thin films are exposed to light, the light energy is converted into electrical energy for use as a power source. XsunX believes that its solar electric glazing technology has a number of major market opportunities in the worldwide architectural glass, optical film and plastics markets. Please visit the Company's website for more information: http://www.XsunX.com U.S. GOLD CORPORATION (OTCBB: USGL) "Up 8.04% at close on Tuesday"
U.S. Gold Corporation (OTCBB: USGL) engages in the precious metals and base metals mining business in western U.S. states and Mexico. Its activities include exploration, land acquisition, geological evaluation, and feasibility studies of properties; development and construction of mining and processing facilities; and mining, processing, and the sale of gold and other metals, and by-products. As of June 30, 2004, the company owned 45% interest in the Tonkin Springs gold property in Eureka County, Nevada, and approximately 36.5% equity interest in Gold Resource Corporation, which is exploring the El Aguila' gold/silver property in Oaxaca, Mexico. The company was organized in 1979 under the name Silver State Mining Corporation and changed its name to U.S. Gold Corporation in 1988. U.S. Gold is based in Lakewood, Colorado.
PATRIOT SCIENTIFIC CORPORATION (OTCBB: PTSC) "Up 6.83% at close on Tuesday"
Patriot Scientific Corporation (OTCBB: PTSC) has emerged as an effective and dynamic intellectual property company, developing and marketing innovative and proprietary semiconductor technologies. The Company's portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at www.hawkassociates.com and www.americanmicrocaps.com.
EL CAPITAN PRECIOUS METALS, INC. (OTCBB: ECPN) "Up 16.14% at close on Tuesday"
El Capitan Precious Metals, Inc. (OTCBB: ECPN) a development stage company, engages in the exploration, development, and mining of precious metals, iron ores, and other minerals in the southwestern United States. It owns 40% interest in the El Capitan mine located in Lincoln County, New Mexico. The El Capitan property consists of approximately 200 acres of mineral lands bounded by the Lincoln National Forest in Lincoln County, New Mexico. The company holds 20% ownership of 13 mining claims and other assets known as the C.O.D. mine located near Kingman, Arizona. In addition, the company owns 100% of Rainbow Valley mine, which consists of approximately 1,720 acres located in Maricopa County, Arizona; and Weaver mines that consist of approximately 40 acres of land located in Maricopa County, Arizona. The company is based in Scottsdale, Arizona. El Capitan Precious Metals, Inc. is 66.1% owned by Gold and Minerals Co., Inc., as of September 30, 2004.
PILGRIM PETROLEUM CORPORATION (OTC: PGPM) "Up 7.19% at close on Tuesday"
Pilgrim Petroleum Corporation (OTC: PGPM) is a publicly traded company (Pink Sheets:PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.
PGPM News:
May 26 - Pilgrim Petroleum Corporation Announced Today Details of the Most Recent Acquisition of Leases
Pilgrim Petroleum Corporation (Pink Sheets:PGPM) announced today the most recent acquisition of leases for its current asset portfolio located in Wichita County Texas. It includes: Waggoner, W.T. EST. "B" Lease with a cumulative of 162,599 BO, Waggoner "AN" Lease with a cumulative oil of 15,949 BO; Patton Lease with a cumulative 17,544 BO and 1 MMCF, Burnett "EE" with a cumulative of 53,141 BO. They constitute approximately 30 wells in a marginal production area and include processing equipment, acreage and existing production of approximately 25 bpd to 45 bpd. Pilgrim Petroleum will focus on a development strategy for the most promising lease properties and the reactivation of additional wells.
Pilgrim Petroleum Corporation CEO Rafael Pinedo said, "We are sure these acquisitions will add up a good contribution in our stream of revenues and in our asset portfolio. Pilgrim Petroleum is committed to growth and taking the necessary steps to value creation and long-term sustainability." In addition Pilgrim Petroleum will release early next week the results of the Gustavson report along with details of the upcoming events associated with this important step.
Posted by TCB on :
it's going up fast with decent volume already...something is amiss
Posted by stockvaper on :
The company might be buying back shares.
Posted by TCB on :
it looks like they have been doing that the last two weeks, propping up the price somewhat
Posted by RichBy26 on :
nice day for you guys!!! HOD might be above $1
Posted by TCB on :
creeping up again today. it is on a lot of watch lists...
Posted by GhostRM on :
PTSC just settled with Sony.
Posted by Repoman75 on :
how did you find this Ghost???
Posted by Repoman75 on :
I don't know how he found it, but's all over RB. Buy NOW. Not on the wires until Monday. I'm all tapped out to buy damnit. Should have bought at .70.
Posted by RichBy26 on :
man, I'm with you repo, I should hve bought back then too. I only freed up 15K, should only be able to get about 12K shares. Damn, but I'm glad for all those who held!!!! Great job
Posted by JL on :
in 1.15. Expecting 1.40-1.50 Monday.
Also added some ILNP .755.
Posted by Jo4321 on :
whoa, this has been one of my bad decision duds because I bought in at $1.30 back in the beginning of April!!
Could I actually be seeing green today?
Jo
Posted by RichBy26 on :
in at 1.2, I expect to see 1.6-1.7 by close monday
Posted by RichBy26 on :
the previous agreement PRs brought about 40% gains for 2 consecutive days. I think we might get that again!!
Posted by stockvaper on :
Wow, great news. Maybe more dividends and stock buy backs coming. Posted by RichBy26 on :
1.36 just printed, we might see 1.5 today?!?!
Posted by Jo4321 on :
Woo hoo!! $1.35 Haven't seen these levels since early April (and I should know, since I was down as much as 40% in this)
But today I AM GREEN!!
LOL!
Jo
Posted by stockvaper on :
When I bought this stock (under .25/sh) I stuck it in the back of my portfolio for the long, long haul. IMO it has the potential to see $5 or higher by year end.
Posted by Repoman75 on :
Looks like it is back on track. Next week will be a WILD ride... hold on. This is like FRPT... rising on "news", but nothing official released.
Posted by Repoman75 on :
Profit taking now. Probably have a good EOD runup before Monday.
Posted by wallymac on :
Big shake. It's still early and the news is just starting to circulate.
GLTA Wally
Posted by Jo4321 on :
This just showed up on my news ticker, but only says "MORE TO FOLLOW" --------------------------
06-02-06 1314ET
Copyright (c) 2006 Dow Jones & Company, Inc.
*DJ Patriot Patents Licensed To Sony, Undisclosed Terms
(MORE TO FOLLOW) Dow Jones Newswires
06-02-06 1328ET
Copyright (c) 2006 Dow Jones & Company, Inc.
Posted by stockvaper on :
This just showed up on Fidelity account news. ______________________________________________
PTSC: Licensing Agreement w/Sony for Moore Microprocessor Patents [delayed] 1:42 p.m. 06/02/2006 Provided by Ridgeland, MS, JUN 02, 2006 (EventX/Knobias.com via COMTEX) -- Patriot Scientific Corporation (PTSC) and its partner, TPL Group, announced the licensing of the Moore Microprocessor Patent Portfolio to Sony (SNE). The Portfolio is jointly owned by the privately held TPL Group and the publicly held Patriot Scientific
Posted by Jo4321 on :
DJ Patriot Scientific Up On Partner's License Deal With Sony
By Maxwell Murphy Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Shares of microchip patent-holder Patriot Scientific Corp. (PTSC) soared as much as 51% in frenetic Bulletin Board trading Friday after the company's joint-venture partner announced it had signed a licensing deal with Japanese electronics giant Sony Corp. (SNE).
Terms of the deal weren't disclosed, according to a mid-Friday-morning press release issued by The TPL Group, a closely held concern which jointly owns with San Diego's Patriot Scientific what is known as the Moore Microprocessor Patent Portfolio. Spokesmen for both Patriot and TPL declined to comment further on the size and scope of the deal and a Sony representative couldn't immediately locate officials who could speak about the deal's terms.
For passionate Patriot shareholders, and they are legion, those terms are essential to judging whether over-the-counter Patriot deserves the roughly $500 million market capitalization bestowed upon it by Wall Street.
Patriot and TPL have inked licensing deals with several prominent companies, such as Hewlett-Packard Co. (HPQ), Casio Computer Co. (6952.TO) and Fujitsu Ltd. (6702.TO), and are pursuing licenses from myriad other users of chips the pair claim violate the Moore patents.
So far, those licenses have yielded about $76 million in one time-only payments, of which Patriot has received about half the operating income that revenue generates and TPL has received the remainder. What has made OTCBB-standout Patriot stock one of the most volatile and heavily traded stocks around are the dividends the company has doled out using a large chunk of the money that flows to its bottom line.
Investors seek to determine how much revenue, through negotiation and litigation, these licenses will yield. Up 27.5% at $1.30 apiece at last glance, on volume of more than 18 million shares, Patriot carries a 4.6% yield with the 6 cents a share in dividends it has already paid this year. However, since licenses and dividends are its only business, it may need many more deals to justify its current price. Over the past year, Patriot's stock careened from under one cent to as high as $2.25 a share before ebbing.
The current licensees have paid on average around $10 million each, with half going to Patriot, but Patriot management has said the first licensees will get better terms than holdouts. The larger the licensing fees for each deal, the fewer deals Patriot and TPL will need to strike in order to justify Patriot's valuation.
In addition to dividends, which Patriot often notes are rare for a Bulletin Board company, it recently said it wants to pursue share repurchases with 10% or more of its licensing income. Although it listed an already hefty 361.8 million shares outstanding as of April 17, figures Patriot has provided for the cost of its dividend suggest Patriot pays its dividends on nearly 415 million shares.
Though there's no immediate confirmation of the size of the Sony licensing payment, investors won't be kept in the dark forever. Even if Patriot doesn't issue a release detailing the Sony deal and discussing what, if any, dividends and buybacks the licensing revenue might finance, it will need to disclose the size of the deal in its quarterly filings with the Securities and Exchange Commission. Should the information not appear when it files its forthcoming quarterly report for small businesses for its quarter ended in May, it's a safe bet the matter will be discussed in its filings for the quarter ending in August.
-By Maxwell Murphy, Dow Jones Newswires; 201-938-5173; maxwell.murphy*dowjones.com
Posted by TCB on :
I told you last week repo...
Posted by Repoman75 on :
quote:Originally posted by TCB: The reason they got a new PR agency is they are about to make some major announcements...
(wishful thinking)
Was this you telling me? Wishful thinking?
Posted by stockvaper on :
Monday ought to be very interesting.
Posted by RichBy26 on :
yes stock... I must say that I am a little shocked we are not above 1.50??? The sony deal was the whale we were waiting on... I think we'll have to wait to see the 8K, until then good luck!
Posted by J_U_ICE on :
PTSC: 6 major insiders filed Form 4s for 2 million plus shares on May 30. Ptsc's fiscal year ended on May 31. Their usual turn around time for earnings reports is 15 to 20 days and as you can see from their chart and the PRs from that time period, they will have a stellar year to report. But that wouldn't be the primary reason for filing Form 4s; something big is coming from these guys in the very near future.....get in while the pps is at this level. It may retrace a bit and one could wait, but that may be risking a potential gain a bit. They had 3500%+ yoy quarterly growth last quater, and all indicators reflect a very healthy company and extremely undervalued. The pps reached about $2.20 at the end of the last run; look for that to be eclipsed.
Posted by TCB on :
Nope, this was the one repo...
posted May 17, 2006 13:52 -------------------------------------------------------------------------------- dont wait too long, it will rocket when the next PR comes out. I got back in at .81
Posted by Repoman75 on :
Good call TCB.. moving up premarket.
Posted by android_xxx on :
almost 2mil in 5minutes - great
Posted by TCB on :
it jumped .08 and is now -.02????
Posted by stockvaper on :
I think maybe the last sentence of their PR may have caused some concern for some people...just a guess. ____________________________________________
Sony Joins Fujitsu, HP and Casio to Secure Licensing Rights to Widely Used MMP Technologies CARLSBAD, Calif., June 5, 2006 /PRNewswire-FirstCall via COMTEX/ -- Patriot Scientific Corporation (PTSC) confirmed today that Sony Corporation has purchased a license to the Moore Microprocessor Patent(TM) (MMP) Portfolio. Sony joins an expanding group of global system manufacturers, including Fujitsu, Hewlett-Packard and Casio Computer that have become MMP Portfolio licensees this calendar year. Terms of the license were not disclosed. "This is a pivotal time for the MMP licensing program," said David Pohl, Patriot Scientific chairman and CEO. "Adding Sony to our ever-growing number of MMP licensees reinforces the strength of our jointly owned patent portfolio as well as our business and licensing strategy. The MMP Portfolio Licensing Program rewards first movers in their industry sectors with substantial discounts. Sony was successful in achieving this distinct honor."
Posted by TCB on :
over 6M shares in the first 30 minutes...
Posted by Repoman75 on :
It was a good buy at .70, great buy actually.. now, I'm not to sure.
Posted by stickfigurefred on :
Took its morning dip, we heading back up?
Posted by TCB on :
seems to be sitting at -.10ish
Posted by RichBy26 on :
looks like panic selling now...should bounce EOD or tomorrow
Posted by littlefieryone on :
from the chart it looks like it may retreat back to around a dollor over the next couple of days before heading back up if my chart reading is correct we could see a good buying opportunity again around .95-1.00 just looks like the short term rally from the news happened Friday and should be back in business in a day or two.
Posted by RichBy26 on :
good analysis little, I agree with your estimate. I sold for a small loss, looking for a better entry than what I had. I am still a little shocked that we didn't take off today, I think it correlates with stockvapers post, people were expecting Sony to be our big cash hog??? Still a good play but I'm taking these funds and puting them to better use for the time being. GL to all, I'll be back in due time...
Posted by Boomer94 on :
If this is the best the new PR firm could do with the Sony deal I hope you all sold. I held and bought and I sold sold sold today. Anybody know of any good short movers??? Good Luck to all!
Posted by littlefieryone on :
off and running this morning looks good.
Posted by Jo4321 on :
I noticed PTSC was coming up on a lot of the paid sites, mentioning the Sony deal. Maybe that is bringing it to people's attention. Great morning so far.
Jo
Posted by trade04 on :
time to buy
Posted by TCB on :
absolutely
Posted by trade04 on :
today has been a great day to load up on stocks ive been watching
Posted by trade04 on :
looking niccce
Posted by JL on :
Sold PTSC 1.40s after accumulating in the .70s .80s and 1.15.
Bought back today .98. Cheers!
Posted by JL on :
1.01 Now. on 4.1mln volume.
Posted by trade04 on :
this stock is a monster tomorrow itll most likely continue its climb
Posted by trade04 on :
weeeeeeeeeeeeee
Posted by beatheodds on :
Do you think this a good time to get in?
Posted by trade04 on :
quote:Originally posted by beatheodds: Do you think this a good time to get in?
anytime between now and the future imo, company continues to buy back shares, 2 dividends ALREADY, company is valuable, I mean just look at the chart, its all you need really to make money
eom target for me is $2.00
Posted by trade04 on :
"This stock buyback program reflects our confidence in both the near- and long-term prospects for Patriot Scientific," Pohl stated. "We are committed to returning value to stockholders in various ways, including through our growth strategy as well as our focus on operational excellence and ability to generate and manage strong cash flow. As we receive and accumulate cash in the future from anticipated licensing revenues, our Board will be continuing to review and update our business and strategic plans," he continued. "These considerations currently include payment of dividends, buying back some of our outstanding shares and warrants, and contemplation of other prudent and feasible ways in which we might put future cash to work to create additional streams of revenue for the benefit of the Company and our shareholders."
In actions extremely rare for micro-cap corporations, Patriot will have issued two cash dividends within the past two months. The second of these two dividends is being distributed today to qualified shareholders and warrant holders of record as of March 31, 2006. Upon completion of this dividend payment, the total dividends paid by Patriot so far this calendar year will be almost $25 million. Earlier this year, Patriot also entered into a warrant buyback plan, and in February it exercised one of its monthly options to repurchase 2 million outstanding warrants from a warrant holder.
These cash dividends and buyback plans are especially significant because - until Q3 of 2005 - Patriot had never shown a quarterly profit, and had never realized significant revenue from its 10-patent portfolio of seminal microprocessor innovations. Since February of last year, the Company's jointly owned patent portfolio - marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio - has been successfully licensed to Intel, AMD, HP, Fujitsu and Casio, generating millions in revenue for Patriot.
The information just released by Patriot - as reported on its Form 10QSB filed with the SEC - includes among other things that in the three months ending February 28, 2006, Patriot Scientific booked some $60 million in revenue from license transactions. As explained in notes to the financial statements, that amount includes revenues of a joint venture licensing entity that are not available to the Company, but which - due to the need to comply with a complex rule of accounting standards - Patriot is required by its independent auditors to consolidate and include with its own figures. The same accounting rule and explanation applies to income figures included in the report.
Posted by wallymac on :
Press Release Source: Alliacense
Nikon Purchases MMP(TM) Portfolio License Monday June 12, 4:05 pm ET Licensing Program for Fundamental Patents Continues to Attract Support of World's Top Intellectual Property Companies
CUPERTINO, Calif.--(BUSINESS WIRE)--June 12, 2006--Alliacense today announced that Nikon Corporation has become the latest manufacturer to purchase a license to the Moore Microprocessor Patent(TM) (MMP) Portfolio, a group of patents that enable higher performance and lower cost designs in today's digital systems. Nikon joins a remarkable and diverse group of the world's most well-respected designers of digital systems including HP, Casio, Fujitsu and Sony. Terms of Nikon license purchase were not disclosed. ADVERTISEMENT
"Our strategy has been to focus our licensing efforts on true industry leaders, and we are pleased to add Nikon to our distinguished roster of MMP Portfolio licensees," said Mac Leckrone, Alliacense president. The renowned Nikon Corporation combines unsurpassed optical technology with other advanced technologies not only providing consumers with digital cameras, but also providing businesses with precision instruments like biological microscope systems, sophisticated semiconductor manufacturing equipment, industrial measuring and inspection equipment, and space and astronomy-related equipment.
The MMP Portfolio patents, filed by The TPL Group in the 1980s, cover techniques that have become essential to consumer and commercial digital systems ranging from televisions, digital cameras and portable music players to servers, medical equipment, and even automotive electronics systems.
"Attracting five world class licensees over the past six months is a clear indication that we have established a compelling licensing program," said Leckrone. He confirmed that Alliacense is currently in active discussions with dozens of major manufacturers around the globe.
About the MMP Portfolio
Named after legendary inventor Charles "Chuck" Moore, the Moore Microprocessor Patent Portfolio includes seven US patents as well as their European and Japanese counterparts fundamental to the design of modern microcontrollers, microprocessors and system-on-chip devices. Developed in a joint venture between the TPL Group and Moore, the MMP Portfolio today is jointly owned by the privately held TPL Group and the publicly held Patriot Scientific Corporation (PTSC.OB).
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, technology experts, and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios. For more information, visit www.alliacense.com.
Alliacense and Moore Microprocessor Patent (MMP) are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
Contact: Mindpik Tom Rigoli, 650-969-5986 rigoli*mindpik.com
-------------------------------------------------------------------------------- Source: Alliacense
Posted by wallymac on :
Now we should really run
Posted by Boomer94 on :
I sold the majority of my position on the last run * $ 1.41..... Dang! Good Luck!
Posted by stockvaper on :
Like I've said before, I'm invested in this stock for the long haul. I think this is one of the best (if not THE best) micro/smallcap companies out there. - Dividends - No liabilities - Huge net profits and cash reserves - Stock buyback - Actively searching for strategic acquisition(s) I think it would be a short list of other companies with the same capitalization doing all of the above.
Posted by Jo4321 on :
Did this really go up to $1.65 today? (I had a sell order in for $1.55).
jo
Posted by Jo4321 on :
Nevermind, I see they fixed that $1.65 now and the high was $1.18.
Jo
Posted by Boomer94 on :
I was shocked this thing only ran up to $ 1.18 after the PR. I'm getting back in heavy if it falls to the 1.00 range in the a.m. GLTA
Posted by Neptunetrader94 on :
This is truly the best looking stock on the micros I have seen in a LOOONG time...just look at the BALANCE SHEET!! This thing has growth written all over it: Sony, Nikon, HP, Casio are making deals with them. I am definitely in tomorrow-I just took notice of this stock yesterday and fell in love with its financials. Once the boys on the street notice this pick, it's gonna fly.
Posted by stickfigurefred on :
Yea the PR's sure havent helped this much. Don't think much will till they show some actual figures.
Posted by TCB on :
barely a bump with the Nikon PR...
astounding
Posted by BillyB on :
Train kept a rollin, all night long.
More news: PTSC signs Seiko Epson!
Seiko Epson Agrees to Purchase Moore Microprocessor Patent™ Portfolio License Competition intensifies as the world’s leading Intellectual Property companies seek competitive advantage in their respective business sectors
CUPERTINO, Calif. - June 23, 2006 - Alliacense today announced that Seiko Epson Corporation has agreed, pending approval by the Seiko Epson Board of Directors, to purchase from The TPL Group a license to the Moore Microprocessor Patent™ (MMP) Portfolio. Seiko Epson will join a stellar group of MMP Portfolio system licensees including HP, Casio, Fujitsu, Sony and Nikon.
In addition to its industry-leading printer and LCD businesses, Seiko Epson is renowned for quality precision instruments including clocks for diverse applications ranging from watches to computers and wireless communications devices. “This is an excellent endorsement of the MMP Portfolio,” said Mac Leckrone, Alliacense president.
With Seiko Epson becoming the sixth global leader to purchase an MMP license in as many months, Leckrone confirmed that the MMP Portfolio Licensing Program momentum is strong and accelerating. “As MMP Portfolio licensing rates continue to ramp over time, we are focusing our energies on leaders capable of making quick strategic business decisions.” He noted that competition is intensifying among electronics system manufacturers worldwide to become first movers in their respective business sectors to purchase rights to the MMP Portfolio.
The MMP Portfolio patents, filed by The TPL Group in the 1980s, cover techniques that enable higher performance and lower cost designs, and are fundamental to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment, and automobiles.
About the MMP Portfolio Named after legendary inventor Charles "Chuck" Moore, the Moore Microprocessor Patent Portfolio includes seven US patents as well as their European and Japanese counterparts fundamental to the design of modern microprocessors, microcontrollers and system-on-chip devices. Developed in a joint venture between the TPL Group and Moore, the MMP Portfolio today is jointly owned by privately held TPL Group and publicly held Patriot Scientific Corporation (PTSC.OB).
About Seiko Epson (“Epson”) Epson is a global leader in imaging products including printers, 3LCD projectors and small- and medium-sized LCDs. With an innovative and creative culture, Epson is dedicated to exceeding the vision and expectations of customers worldwide with products known for their superior quality, functionality, compactness and energy efficiency. For more information, visit http://www.epson.co.jp/e/index.htm.
About Alliacense Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, technology experts, and experienced business development /management executives, Alliacense focuses on expanding the awareness and value of TPL’s intellectual property portfolios. For more information, visit www.alliacense.com.
Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
Everyone should do themselves a favor and stay LONG on PTSC!
Posted by Jo4321 on :
Patriot Scientific Corporation Confirms Seiko Epson Agreement to Purchase MMP(TM) License PR Newswire - June 26, 2006 08:46 MMP Licensing Program for Innovative Ubiquitous Patents Continues to Attract World's Leading Intellectual Property Companies
CARLSBAD, Calif., June 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) confirmed today that Seiko Epson Corporation has agreed to purchase, pending approval by its board of directors, a license to the Moore Microprocessor Patent(TM) (MMP(TM)) Portfolio. Seiko Epson joins a stellar group of MMP portfolio system licensees that includes HP, Fujitsu, Casio, Sony and Nikon. Terms of the Seiko Epson agreement to purchase a license were not disclosed.
In addition to its industry-leading printer and LCD businesses, Seiko Epson is renowned for quality precision instruments including clocks for diverse applications ranging from watches to computers and wireless communications devices.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, cover techniques that have become essential to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
"Seiko Epson is the third global leader to purchase an MMP license this month," said David Pohl, Patriot Scientific chairman and CEO. "This not only confirms that our MMP licensing program is strong and gaining momentum, but it also adds to the continuing evidence of the strength of our jointly owned patent portfolio." He revealed that latest reports from the licensing team indicate that now some 300 companies have been put on notice of likely infringement of one or more patents included in the MMP portfolio.
"As MMP Portfolio licensing rates continue to ramp over time, we are focusing our energies on leaders capable of making quick strategic business decisions," said Mac Leckrone, Alliacense president. He noted that competition is intensifying among electronics system manufacturers worldwide to become first movers in their respective business sectors to purchase rights to the MMP Portfolio.
"In the past year, Patriot Scientific has successfully completed its transition to become a profitable company whose primary revenues are currently based upon licenses of our valuable intellectual property," said Pohl. "In this remarkable period, we not only retired our last remaining convertible debentures to eliminate long-term debt, but we also rocked the world of microcap companies during this past fiscal quarter by the virtually unprecedented action of paying a cash dividend to shareholders -- not just once, but twice within a period of six weeks."
Pohl applauded the licensing team for having produced six licensing agreements in as many months. He went on to note that this remarkable level of success has produced advice from attorneys and independent accountants that licenses are no longer extraordinary events in the conduct of the company's business. The result is the elimination of exceptions previously available regarding the obligation to honor restrictive confidentiality agreements.
"This means that the company finds itself in the difficult position of wanting to share the exciting details of license revenues at the time the licenses are announced, yet we are legally prevented from doing so," Pohl stated. "As a result, investors expecting to learn the dollar amounts of revenues received by Patriot Scientific in connection with recent and future licenses will find that such information will be available only as included in regular quarterly financial statements filed by Patriot with the SEC.
"Based upon our positive business developments in calendar 2006, the Patriot Scientific Board of Directors is considering additional strategic moves intended to enhance the strength and profitability of the company for the benefit of our shareholders," Pohl stated. "Among various alternatives, for example, are opportunities that may arise to engage in joint ventures or to acquire other companies or technologies compatible with our business focus -- all depending, of course, upon future revenue and the board's determination of prudent, feasible action in light of available capital and market conditions at the time.
"We are excited about the impressive progress the Alliacense team continues to make with the MMP portfolio licensing program, and we have tremendous confidence in the work they are doing," Pohl concluded. "The revenue associated with the license agreements they have produced in the program thus far encourages our board and management team to continue to evaluate resources and further develop our dynamic business strategy to move the company forward with a look to considering related business opportunities in domestic and international markets and diversifying our revenue stream."
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com .
Posted by JL on :
Im a buyer of PTSC anywhere between .97-1.05. Good Swing Materialising soon. Back Up Truck.
Posted by TCB on :
again, barely a bump with another agreement. I am starting to think that this dog won't hunt...
Posted by Malloy on :
06/28/2006 - 11:00 AM PENTAX Joins Growing Roster of Global Manufacturers Licensed to Use the Moore Microprocessor Patent(TM) Portfolio; PENTAX Becomes Seventh Major System Manufacturer During 2006 to Purchase Rights to Use Fundamental MMP Portfolio Technologies
Posted by Malloy on :
Doing nice and the news is not out on regular wires yet.
Posted by wallymac on :
quote:Originally posted by TCB: again, barely a bump with another agreement. I am starting to think that this dog won't hunt...
I guess it all depends on what you are hunting. Daytrade maybe not. Swing trade possibly. Midterm to longterm definitely.
$ 4 signings in less than a month. I doubt they are done here.
Posted by TCB on :
I am in for the long haul, but it just seems to be sitting at $1ish
They need to announce the dollar value of the agreements, and perhaps throw another dividend out there to get a good sustained rise.
Posted by wallymac on :
PTSC already stated that the numbers won't be disclosed until the 10Q. It would be nice if they announced progress on Buyback and or dividend. That would at least give us some idea.
A few more signings announced and then people will have to take notice.
I'm LONG also. Way too much upside to sell at these levels
GLTA Wally
Posted by BillyB on :
I hope PTSC chooses their words carefully/optimistically in the PR I'm expecting to see in the morning. I think if it's any good, we'll gain another nickel tomorrow. Just an appetizer before what's to come.
Nice momentum of licensing!
Posted by Hannibull on :
Patriot Scientific Confirms PENTAX Joins Growing Roster of Global Manufacturers Licensed to Use the Moore Microprocessor Patent(TM) Portfolio PR Newswire - June 29, 2006 08:49 PENTAX Becomes Seventh Major System Manufacturer During 2006 to Purchase Rights to Use Fundamental MMP Portfolio Technologies
CARLSBAD, Calif., June 29, 2006 /PRNewswire-FirstCall via COMTEX/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) confirmed today that PENTAX Corporation has agreed to purchase, pending approval by its board, a license to use the Moore Microprocessor Patent(TM) (MMP) Portfolio. Six other major system manufacturers have purchased MMP licenses this year. Prior licensees include HP, Casio, Fujitsu, Sony and Nikon as well as Seiko Epson, whose board approved this week its earlier-announced agreement to purchase an MMP license.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, cover techniques that have become essential to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
"We are delighted to confirm that PENTAX is the fourth global leader to agree to purchase an MMP license this month," said David Pohl, Patriot Scientific chairman and CEO. "This further demonstrates that our MMP licensing program is strong and gaining momentum as well as increasing the mounting evidence of the strength of our jointly owned patent portfolio." He confirmed that latest reports from the licensing team indicate that now some 300 companies have been put on notice of likely infringement of one or more patents included in the MMP portfolio.
"Our roster of MMP Portfolio licensees is beginning to look like the 'Who's Who' in the world of Intellectual Property," said Mac Leckrone, Alliacense president. "PENTAX along with prior licensees are each in their own right leading developers of intellectual property; and it is therefore gratifying to have them quickly recognize the import of the fundamental technologies protected by the MMP Portfolio."
Leckrone announced that as the first-round MMP Portfolio licensing berths in many industry sectors are being captured, license rates are increasing according to plan. At this stage of the licensing program, the licensing group is continuing to focus on industry leaders whose management is empowered to make quick strategic business decisions.
"This is another event demonstrating that Patriot Scientific has successfully completed its exciting transition within the past year to become a profitable company whose primary revenues are currently based upon licenses of our valuable intellectual property," said Pohl. "In this remarkable period, we not only retired our last remaining convertible debentures to eliminate long-term debt, but we also rocked the world of microcap companies during this past fiscal quarter by the virtually unprecedented action of paying a cash dividend to shareholders -- not just once, but twice within a period of six weeks."
Pohl applauded the licensing team for having produced seven licensing agreements in the first six months of 2006. He noted that this remarkable level of success has produced advice from Patriot's attorneys and independent accountants that licenses are no longer extraordinary events for the company for which notice and information on Form 8-K must be filed with the SEC each time a license agreement is signed. Now that, in most instances, the requirements to file notices of license events with the SEC no longer apply, the result is that various contractual confidentiality clauses are now fully applicable and that exceptions to such agreements that were related to the SEC filing requirements are no longer available to the company.
"This means that the company finds itself in the difficult position of wanting to share the exciting details of license revenues at the time the licenses are announced, yet we are legally prevented from doing so," Pohl stated. "As a result, investors expecting to learn the dollar amounts of revenues received by Patriot Scientific in connection with recent and future licenses will find that such information will be available only as included in regular quarterly financial statements filed by Patriot with the SEC."
The Patriot Scientific Board of Directors is considering additional strategic moves intended to enhance the strength and profitability of the company for the benefit of its shareholders, Pohl added. "As we accumulate capital resulting from licensing revenues, we are evaluating possible opportunities to diversify our revenue stream by engaging in joint ventures or acquiring other companies or technologies compatible with our business focus -- all depending, of course, upon future revenue and the board's determination of prudent, feasible action in light of available capital and market conditions at the time," he concluded.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com .
The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, technology experts and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios. For more information, visit http://www.alliacense.com .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
CONTACTS: Patriot Media Relations The Hoffman Agency David Friedman (303) 868-9641 dfriedman*hoffman.com
Patriot Investor Relations Hawk Associates Frank Hawkins or Ken AuYeung (305) 451-1888 info*hawkassociates.com
Alliacense Media Relations TPL Group Tom Rigoli (650) 969-5986 rigoli*mindpik.com
Posted by METS2006 on :
Totally undervalued stock here
Posted by TCB on :
ok so what's causing the rally today?
Posted by BillyB on :
Overall market conditions, perhaps? No f/n way. Something is up, as usual.
Posted by BillyB on :
I hate to say it, but I dumped a few thousand shares last week to get in on DTGP. At least that will ease the pain that PTSC has been causing me. Still holdig, though.
Once I double from DTGP, I'll replace my PTSC shares with the profits (and be able to buy more at these prices).
Posted by Guy Tough on :
This is starting to heat up...what big contract is brewing now? Anyone know?
Posted by Free Muney on :
i got a few shares today... charts and finacials look good...
Posted by Guy Tough on :
I don't know if everyone is aware of this, but PTSC is planning to buy back shares---
Portion of Future Revenues Allocated for Stock Buyback
Carlsbad, CA - April 24, 2006: Patriot Scientific Corporation (OTC Bulletin Board: PTSC.OB) today announced a plan under which it would utilize 10 percent or more of future licensing revenues to buy back corporate stock. The Company also announced significant earnings results for its third fiscal quarter, as contained in its Form 10Q filed last Thursday, and confirmed that the previously announced cash dividend of $.04 per share is being issued today.
"The stock buyback plan adopted by the Board of Directors calls for management to use not less than 10 percent of future licensing revenue distributions received by the Company to purchase shares of our stock on the open market in a manner consistent with applicable securities laws and regulations," said David H. Pohl, Chairman and CEO of Patriot Scientific. "These buybacks are, of course, subject to the Company determining at the time licensing revenue distributions are received that such action is prudent based upon market conditions and sound financial management considerations. Repurchased shares will be placed in our treasury as a resource available for possible future use," Pohl explained.
"This stock buyback program reflects our confidence in both the near- and long-term prospects for Patriot Scientific," Pohl stated. "We are committed to returning value to stockholders in various ways, including through our growth strategy as well as our focus on operational excellence and ability to generate and manage strong cash flow. As we receive and accumulate cash in the future from anticipated licensing revenues, our Board will be continuing to review and update our business and strategic plans," he continued. "These considerations currently include payment of dividends, buying back some of our outstanding shares and warrants, and contemplation of other prudent and feasible ways in which we might put future cash to work to create additional streams of revenue for the benefit of the Company and our shareholders."
In actions extremely rare for micro-cap corporations, Patriot will have issued two cash dividends within the past two months. The second of these two dividends is being distributed today to qualified shareholders and warrant holders of record as of March 31, 2006. Upon completion of this dividend payment, the total dividends paid by Patriot so far this calendar year will be almost $25 million. Earlier this year, Patriot also entered into a warrant buyback plan, and in February it exercised one of its monthly options to repurchase 2 million outstanding warrants from a warrant holder.
These cash dividends and buyback plans are especially significant because - until Q3 of 2005 - Patriot had never shown a quarterly profit, and had never realized significant revenue from its 10-patent portfolio of seminal microprocessor innovations. Since February of last year, the Company's jointly owned patent portfolio - marketed as the Moore Microprocessor Patent™ (MMP) Portfolio - has been successfully licensed to Intel, AMD, HP, Fujitsu and Casio, generating millions in revenue for Patriot.
The information just released by Patriot - as reported on its Form 10QSB filed with the SEC - includes among other things that in the three months ending February 28, 2006, Patriot Scientific booked some $60 million in revenue from license transactions. As explained in notes to the financial statements, that amount includes revenues of a joint venture licensing entity that are not available to the Company, but which - due to the need to comply with a complex rule of accounting standards - Patriot is required by its independent auditors to consolidate and include with its own figures. The same accounting rule and explanation applies to income figures included in the report.
The Company also completed the previously announced conversion and retirement of all remaining convertible debentures that had been on the books, freeing the Company from the liability as well as certain restrictions and contingencies that had been contained in those debt agreements.
"The very favorable quarterly revenue and income figures, even after allowing for the inclusion of figures for the consolidated joint venture entity, show Patriot Scientific Corporation to be a strong growth company in excellent financial health," Pohl said. "Although past performance does not guarantee future success, we are confident that Patriot will receive additional licensing distributions based on our core patent technologies that are at the heart of virtually every microprocessor produced since 1994. With the precedent of the licensing agreements already entered into with major computer chip and electronic equipment manufacturers, we have every reason to expect that other firms will choose to honor our patents by obtaining licenses."
"Our recent quarterly report also includes information about some litigation or disputes in which the Company is engaged that do not involve patent infringement," Pohl commented. "It should not be surprising for a company like Patriot that has undergone such a dramatic transition in the past year to be dealing with some conflicted matters from the past that need to be resolved. These matters are not distracting us from the normal course of business, and we rely upon the experienced and skillful attorneys who are advising and representing us to help bring these matters to a satisfactory conclusion."
Through the Company's marketing alliance with The TPL Group's Alliacense division, active license negotiations are ongoing with other U.S. and foreign companies whose digital products include fundamental design techniques covered by the Company's patent portfolio. More than 150 of these companies - and that includes practically every high-tech consumer electronics manufacturer and systems integrator in the global marketplace - have been put on notice of likely infringement and the opportunity to obtain licenses.
"Q3 of 2006 has proven remarkably successful for Patriot Scientific," Pohl said, "and our Board of Directors has seen fit to share this success directly with our shareholders through two unprecedented dividends. Now, in addition, our Board has adopted a strategic long-range stock buyback plan to demonstrate our belief in the future of Patriot and the long-term value of our stock."
About Patriot Scientific
Patriot Scientific (PTSC.OB) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The company's portfolio of proprietary designs encompasses fundamental microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
The patent portfolio, marketed as the Moore Microprocessor Patent(TM) Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the Company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
Contact:
Patriot Media Relations Attention Group Daryl Toor, 770-777-9489 dtoor*attentiongroup.com or Patriot Investor Relations Hawk Associates Frank Hawkins/Ken AuYeung, 305-451-1888 info*hawkassociates.com or The TPL Group Mindpik Tom Rigoli, 650-969-5986 rigoli*mindpik.com
Posted by Guy Tough on :
Is thereany news on these guys lately at all?
Posted by Guy Tough on :
.925 HOD yeah baby, yeah! lots of interest in the financials,hmm...?
Posted by Guy Tough on :
Gapped up this morning- I would get in before financials( due * the end of August ). Currently .94
Posted by TCB on :
I agree, they will announce the value of the deals they have made over the last few months, I suspect in the tens of millions total, and may announce another dividend.
Posted by Guy Tough on :
They announced 10K late filing today but they always file a few days to a week after extension --- The reason for extension was CD's no longer owing on, and how to classify the financials from a company acquired within the quarter.
PPS may drop a bit till quarterly, but I would radar this!
Posted by Jo4321 on :
Patriot Scientific Confirms PENTAX Joins Growing Roster of Global Manufacturers Licensed to Use the Moore Microprocessor Patent(TM) Portfolio Thursday June 29, 8:48 am ET PENTAX Becomes Seventh Major System Manufacturer During 2006 to Purchase Rights to Use Fundamental MMP Portfolio Technologies
CARLSBAD, Calif., - Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) confirmed today that PENTAX Corporation has agreed to purchase, pending approval by its board, a license to use the Moore Microprocessor Patent(TM) (MMP) Portfolio. Six other major system manufacturers have purchased MMP licenses this year. Prior licensees include HP, Casio, Fujitsu, Sony and Nikon as well as Seiko Epson, whose board approved this week its earlier-announced agreement to purchase an MMP license.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, cover techniques that have become essential to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
"We are delighted to confirm that PENTAX is the fourth global leader to agree to purchase an MMP license this month," said David Pohl, Patriot Scientific chairman and CEO. "This further demonstrates that our MMP licensing program is strong and gaining momentum as well as increasing the mounting evidence of the strength of our jointly owned patent portfolio." He confirmed that latest reports from the licensing team indicate that now some 300 companies have been put on notice of likely infringement of one or more patents included in the MMP portfolio.
"Our roster of MMP Portfolio licensees is beginning to look like the 'Who's Who' in the world of Intellectual Property," said Mac Leckrone, Alliacense president. "PENTAX along with prior licensees are each in their own right leading developers of intellectual property; and it is therefore gratifying to have them quickly recognize the import of the fundamental technologies protected by the MMP Portfolio." Leckrone announced that as the first-round MMP Portfolio licensing berths in many industry sectors are being captured, license rates are increasing according to plan. At this stage of the licensing program, the licensing group is continuing to focus on industry leaders whose management is empowered to make quick strategic business decisions.
"This is another event demonstrating that Patriot Scientific has successfully completed its exciting transition within the past year to become a profitable company whose primary revenues are currently based upon licenses of our valuable intellectual property," said Pohl. "In this remarkable period, we not only retired our last remaining convertible debentures to eliminate long-term debt, but we also rocked the world of microcap companies during this past fiscal quarter by the virtually unprecedented action of paying a cash dividend to shareholders -- not just once, but twice within a period of six weeks." Pohl applauded the licensing team for having produced seven licensing agreements in the first six months of 2006. He noted that this remarkable level of success has produced advice from Patriot's attorneys and independent accountants that licenses are no longer extraordinary events for the company for which notice and information on Form 8-K must be filed with the SEC each time a license agreement is signed. Now that, in most instances, the requirements to file notices of license events with the SEC no longer apply, the result is that various contractual confidentiality clauses are now fully applicable and that exceptions to such agreements that were related to the SEC filing requirements are no longer available to the company.
"This means that the company finds itself in the difficult position of wanting to share the exciting details of license revenues at the time the licenses are announced, yet we are legally prevented from doing so," Pohl stated. "As a result, investors expecting to learn the dollar amounts of revenues received by Patriot Scientific in connection with recent and future licenses will find that such information will be available only as included in regular quarterly financial statements filed by Patriot with the SEC." The Patriot Scientific Board of Directors is considering additional strategic moves intended to enhance the strength and profitability of the company for the benefit of its shareholders, Pohl added. "As we accumulate capital resulting from licensing revenues, we are evaluating possible opportunities to diversify our revenue stream by engaging in joint ventures or acquiring other companies or technologies compatible with our business focus -- all depending, of course, upon future revenue and the board's determination of prudent, feasible action in light of available capital and market conditions at the time," he concluded.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com .
Posted by Guy Tough on :
Olympus Purchases Moore Microprocessor Patent(TM) Portfolio License Friday September 1, 4:05 pm ET Olympus Becomes Eighth Major System Manufacturer This Year to Purchase Rights to Use Fundamental MMP Portfolio Technologies
Patriot Scientific Gaining Momentum as Olympus Signs Eighth Licensing Deal in Eight Months PR Newswire - September 05, 2006 08:56 Board Member Jim Turley Increases Strategic Role
CARLSBAD, Calif., Sept 05, 2006 /PRNewswire-FirstCall via COMTEX/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) confirmed today that Olympus Corporation has purchased a license to use the Moore Microprocessor Patent(TM) (MMP) Portfolio. Seven other major system manufacturers have purchased MMP licenses this year, including Casio, Fujitsu, HP, Seiko Epson, Sony, Nikon and Pentax. In addition, AMD and Intel are also licensees.
Olympus Corporation is a precision technology leader, designing and delivering innovative solutions in healthcare and consumer electronics worldwide. Olympus works collaboratively with its customers to leverage R&D investment in precision technology and manufacturing processes across diverse business lines. These include: gastrointestinal endoscopes, accessories and minimally invasive surgical products; advanced clinical and research microscopes; lab automation systems, chemistry-immuno and blood analyzers and reagents; and digital and film cameras, plus digital voice recorders.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, cover techniques that have become essential to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
"The addition of Olympus marks our eighth MMP licensing agreement this year," said David Pohl, Patriot Scientific chairman and CEO. "With five license agreements signed in the past three months, our MMP licensing program continues to gain considerable momentum, and we have only scratched the surface of the opportunities available with hundreds of licensing candidates."
Patriot Scientific also announced today that board of directors member Jim Turley will be devoting increased attention to technology matters for the company. Turley, formerly editor-in-chief of Embedded Systems Design and currently the editor of Silicon Insider, is the author of seven books and has been editor of the prestigious industry journal Microprocessor Report, where he was three-time winner of the Computer Press Award. He is a frequent speaker at industry events and is often quoted in The Wall Street Journal, The New York Times and the San Jose Mercury News.
A former senior executive at ARC International, where he was responsible for three high-tech acquisitions and a successful IPO, Turley currently serves on several technical advisory boards for high-tech companies in the United States and Europe as well as on the advisory board for the Embedded Systems Conference and The Microprocessor Report. His areas of technology expertise include microprocessor chips, intellectual property, silicon/semiconductor technology, consumer electronics, automotive electronics, video games and consoles, and home/household electronics.
"Jim's increased availability to provide input and assistance based upon his industry experience and expertise will be extremely helpful as we consider additional strategic moves intended to enhance the strength and profitability of our company," Pohl stated.
As Patriot Scientific accumulates capital resulting from licensing revenues, the company is ready to implement the next phase of its strategic plan and is now evaluating possible opportunities to diversify its revenue stream by entering into joint ventures or by acquiring other companies and technologies.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, technology experts and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios. For more information, visit http://www.alliacense.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
CONTACTS: Patriot Media Relations The Hoffman Agency David Friedman (303) 868-9641 dfriedman*hoffman.com
Patriot Investor Relations Hawk Associates Frank Hawkins or Ken AuYeung (305) 451-1888 info*hawkassociates.com
Alliacense Media Relations TPL Group Tom Rigoli (650) 969-5986 rigoli*mindpik.com
SOURCE Patriot Scientific Corporation
Patriot Media Relations, David Friedman of The Hoffman Agency, +1-303-868-9641, or dfriedman*hoffman.com; or Patriot Investor Relations, Frank Hawkins or Ken AuYeung of Hawk Associates, +1-305-451-1888, or info*hawkassociates.com; or Alliacense Media Relations, Tom Rigoli of TPL Group, +1-650-969-5986, or rigoli*mindpik.com
Posted by BooDog on :
lol wrong symbol
Posted by TCB on :
when is PTSC going to post their financial report??? they still havent published the revenue from the last several signings. assuming it is significant, and that they possibly put out another dividend, the PPS could go up substancially
Posted by Guy Tough on :
building steam today, volume and price- I don't know if it's a P&D or if it's an earnings leak
Posted by Guy Tough on :
Uh oh another potential 30 day wait till financials...
PATRIOT SCIENTIFIC CORP: 8-K, Sub-Doc 1
ITEM 4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW.
On September 8, 2006, the Company reached a determination that the prior accounting treatment of (i) our previously outstanding non-conventional convertible notes which allowed note holders to convert the notes payable into shares of our common stock at prices that were variable and potentially based upon several factors including the market price of our common stock at the time of conversion, and (ii) our accounting treatment of our interest in Phoenix Digital Solutions, LLC should be reassessed. The Company has also determined that the adjustments required as a result of our reassessments are material to certain of our previously issued financial statements and, therefore, will require us to restate our financial statements for the year ended May 31, 2005, and restate our quarterly reports for the quarters ended August 31, 2005, November 30, 2005 and February 28, 2006.
The Company's consolidation of the financial results of Phoenix Digital Solutions, LLC was based on advice from the Company's prior auditors. Following discussions with the Company's current auditors, the Company has reassessed its accounting for its interest in Phoenix Digital Solutions, LLC and, after further consideration of FIN 46R, has determined that, rather than consolidating the financial results of Phoenix Digital Solutions, LLC, it should have accounted for its interest in Phoenix Digital Solutions in accordance with the equity method of accounting for investments. The change in accounting was the result of the Company concluding that it did not have a controlling financial interest in Phoenix Digital Solutions, LLC and was not the primary beneficiary of the relationship.
Based on recent SEC guidance, the Company re-evaluated its accounting for its previously outstanding convertible debentures to determine whether the embedded conversion options required bifurcation and fair value accounting in accordance with FASB Statement No. 133, "Accounting for Derivative Instruments and Hedging Activities," and EITF 00-19, "Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in a Company's Own Stock." The Company concluded that bifurcation of the embedded derivative from the host instrument was required and that the embedded derivative should be accounted for as a derivative at fair value with changes in fair value recorded in earnings. Therefore, a restatement of the Company's above-referenced financial statements was required. The Company's prior auditors required that the fair value of the embedded derivatives be determined by an independent study, which was commissioned by the Company and provided to the prior auditors at various stages of completion with the final completion on September 11, 2006. On September 12, 2006, the Company's prior auditors informed the Company that a different methodology than that applied in the independent study should be used to value the embedded derivatives. The Company has arranged for a second valuation based on the methodology now required by its prior auditors. The Company expects that its financial statements will be restated, and its Report on Form 10-KSB for the year ended May 31, 2006 will be filed, shortly after the second independent valuation of its embedded derivatives is completed.
The Company also considered the guidance issued by the SEC's Division of Corporation Finance with respect to the variable nature of the conversion price of its convertible debentures, noting that there is no explicit limit on the number of shares that are to be delivered upon exercise of the conversion feature, and EITF No. 00-19 which states that "if the number of shares that could be required to be delivered to net-share settle the contract is indeterminate, a company will be unable to conclude that it has sufficient available authorized and unissued shares, and therefore, net-share settlement is not within the control of the Company." Because this condition under EITF No. 00-19 was not met, the Company determined that it was precluded from classifying the embedded derivative instrument as equity. Accordingly, the feature should have been accounted for as a derivative liability at fair value, with changes in fair value recorded in earnings. The Company has determined that it should have classified all of its non-employee warrants as a liability as it is presumed under EITF No. 00-19 that the Company will not have a sufficient number of authorized shares to settle its other commitments that may require the issuance of stock during the period the derivative contract could remain outstanding. The Company did not previously apply the aforementioned guidance in accounting for the variable nature of the conversion price and therefore, a restatement of the Company's financial statements is required.
The decision by the Company to account for its interest in Phoenix Digital Solutions, LLC in accordance with the equity method of accounting for investments and its decision to bifurcate the embedded derivatives in its previously outstanding convertible debentures will not have a material effect on the Company's financial condition.
These determinations with regard to our previously issued financial statements were made by us on September 8, 2006. Our authorized officers and the Audit Committee of our Board of Directors have discussed with our independent registered public accounting firm the matters disclosed in this report. Due to all the circumstances discussed above in this document, the Company will be working diligently with our professional advisors to file our Report on Form 10-KSB within the next thirty days.
Letter from David Pohl, Chairman and CEO of Patriot Corporation
September 20, 2006
Dear Shareholders,
In the last shareholder letter, I used the phrase "dramatic transition" to describe this exciting time in the history of Patriot Corporation ("Patriot") that began in mid-June 2005 when we shifted our primary business focus from developing and marketing chips to licensing other companies to use our valuable intellectual property. In the spring of 2006, we pointed with pride to the fact that during January and February of this year, three major electronics systems manufacturers - HP, Fujitsu and Casio - had signed license agreements for rights to utilize our valuable technology covered by patents in the portfolio jointly owned by Patriot and the TPL Group. License agreements had previously been signed with AMD and Intel Corp.
Patriot's Board of Directors startled the world of microcap companies last spring by having the Company declare and pay two cash dividends within approximately six weeks. Some shareholders questioned why we chose to pay two dividends during that time period as opposed to doing other things with that money. The Board of Directors carefully considered a number of different options, including discussions with our SEC attorneys about a possible stock buyback program, and finally concluded that the dividend payout was the most prudent thing to do at that time. We were delighted in finally having sufficient cash resources to give something back to our shareholders as dividends.
The continuation of our dramatic transition to our current focus on our patent portfolio licensing program was validated by the good news that five more well-known electronics companies signed license agreements during the period of June through September 1, 2006 - Sony, Nikon, Seiko-Epson, Pentax and Olympus.
Today we enthusiastically announced that Kenwood Corporation has become the ninth major manufacturer to purchase a license in as many months. Kenwood is a major manufacturer simultaneously doing business in automotive electronics, communications equipment, and home electronics. As I write this, negotiations with other potential licensees are underway. More than 300 companies have been contacted regarding licensing opportunities, and the list of possible candidates is well beyond that number.
We remain very confident that the patent portfolio licensing program is in extremely good hands with the very active Alliacense licensing team, who continually demonstrate their professionalism and tireless commitment to the success of this program.
License Information
The licensing successes to date triggered the need to comply with various confidentiality agreements that now apply to Patriot. This prevents us from announcing the dollar amounts of revenues related to individual license agreements except to report revenues in our quarterly financial statements filed with the SEC. As a general rule, our portfolio license fees - whether or not discounted as a result of negotiation strategy - are related to the relevant revenues generated for a licensee by products associated with the licensed technology, rather than the overall size and revenue of the company purchasing a license.
We are very aware that our shareholders and the investment community have been waiting for news that will reveal the revenue realized by Patriot from the licenses that have been signed since June 1, 2006. We expect to release this information in October, 2006. Financial results for the fiscal year ending May 31, 2006 will be reported on the Form 10-KSB, which is expected to be filed by October 13, 2006. Financial results for the first quarter of the new fiscal year, covering the period from June 1 through August 31, 2006, will be reported on our Form 10-Q, which is due to be filed by October 15, 2006.
Annual Financial Report Temporarily Delayed
The recently announced temporary delay in filing the 2006 Form 10-KSB in a timely manner is extremely frustrating for the directors and officers of the Company. We take responsibility for the delay. The explanation includes many weeks of concentrated effort and attention by our financial team in dealing with complex accounting issues that included ongoing consultations with our professional advisors.
The initial notice of the possible need to restate our financials was raised by our current auditors while the annual audit and preparation of the 2006 Form 10-KSB was in progress. During a careful review of that matter, we learned that the Company's prior auditors required certain calculations involved in considering a restatement of the Company's financials-for periods with which the prior auditors had been involved-to be determined by an independent study. A study was commissioned by the Company and the methodology and progress was provided to the prior auditors at various stages through the final completion on September 11, 2006. The next day, which was the day before the deadline for timely filing of the Form 10-KSB, the Company's prior auditors informed the Company of their decision that a different methodology than that which was applied in the independent study should be used. They informed us that without our using this new methodology, they would not be prepared to issue their opinion. The methodology was one that would have taken two weeks to complete. The result was that the Company was unable to file the Form 10-KSB on time.
Patriot filed documents with the SEC on September 13 and 15, 2006, summarizing reasons for the delay in filing the Annual Report on Form 10-KSB. On September 13, 2006, the Company filed a Form 8-K, in which Patriot reported that it will restate its financial statements for the year ended May 31, 2005, and the related quarterly reports for the quarters ended August 31, 2005, November 30, 2005 and February 28, 2006. The issue pertaining to the embedded derivatives as described in that 8-K also relates to the previous fiscal years ended May 31, 2004, May 31, 2003 and May 31, 2002. Please refer to a copy of that public document for a more technical explanation. Two days later, on September 15, 2006, after further deliberation, the Company filed a Form 8-KA announcing in part that we will rely solely upon our current principal independent auditors as we prepare for and file all these financial restatements - meaning without further participation from our former auditors.
A non-technical description of the situation is that, after extensive consultation with our professional advisors during the period leading up to September 8, 2006, it was determined that we should reassess the prior accounting treatment of (1) our interest in Phoenix Digital Solutions, LLC and (2) our previously outstanding non-conventional convertible notes - the last of which were paid off in March 2006 - which allowed note holders to convert the notes payable into shares of our common stock at prices that were variable and potentially based upon several factors, including the market price of our common stock at the time of conversion. The result is that we must restate our financial statements.
As part of the positive transition Patriot has experienced during the past year, we have had to address and resolve a number of matters left over from the past. We anticipate that the restatement of our prior year financial statements will be a significant step toward finally concluding such cleanup matters.
No Material Effect on Financial Condition of the Company
As stated in our recent filings with the SEC, there will be no material effect on the Company's financial condition by either (1) the decision by the Company to account for its interest in Phoenix Digital Solutions, LLC in accordance with the equity method of accounting for investments (with the result that the financials of the LLC will no longer be consolidated with those of Patriot for reporting purposes) or (2) our decision to bifurcate the embedded derivatives in Patriot's previously outstanding convertible notes in accordance with applicable SEC guidance and accounting standards. As soon as we complete the filing of the Form 10-KSB on or before October 13, 2006, the "E" designation next to our trading symbol will be removed.
Annual Meeting
The fact that the information from our Form 10-KSB will not be available until mid-October will prevent us from being able to prepare and mail proxy statements in time for holding a shareholders meeting in October as previously indicated. We are now looking forward to holding the annual shareholder meeting early in 2007. Shortly after the filing of our 2006 Form 10-KSB, the Board of Directors will set the meeting date and we will be preparing and mailing out the proxy statements for that meeting.
Analyst and Media Promotional Activities
During the past few months, we have stepped up efforts to increase public and industry awareness and coverage of Patriot:
* Board member Jim Turley and I have separately been involved in various interviews with reporters and analysts, some intended for publication and some for background information about Patriot to lay the foundation for future coverage. Arrangements for other panel and Web appearances are underway. * Patriot has recently engaged the firm of JM Dutton & Co. to prepare a report and analysis, which is expected to be completed and published near the end of October. * In addition to the ongoing services of The Hoffman Agency for public relations and Hawk Associates for investor relations, we have recently retained the services of Shareholder Development Group, a firm that will provide continuing information about Patriot via e-mail to a list of over 750,000 subscribers.
Continued Confidence
The officers and directors continue to have great confidence in the strength of Patriot and its business strategy. As we accumulate cash from licensing revenues, we are evaluating prudent allocation of this valuable resource with the goal of increasing shareholder value.
Earlier this year, we announced a program in which the Patriot may purchase shares of its stock on the open market from time to time. We have been implementing that program in the past few months, and we will continue to do so at times when we deem it appropriate and prudent.
Consistent with our business plan, we are also evaluating potential acquisition opportunities that would provide value and an additional revenue stream. The mention of these alternative uses of cash does not preclude us from declaring future cash dividends to shareholders. Lastly, we continue to work toward the goal of getting Patriot listed and traded on a national exchange such as the NASDAQ, AMEX or NYSE.
We appreciate your continued loyalty and patience.
Sincerely,
David H. Pohl Chairman and CEO
Posted by AR on :
Alliacense Expands Executive Staff to Manage Global Licensing of Technology Patent Portfolios
CUPERTINO, Calif.--(BUSINESS WIRE)--Alliacense today announced the further expansion of its executive staff to manage both current and emerging patent portfolios owned by The TPL Group. Bruce Sanderson, the newest addition to the Alliacense team, has been appointed VP, Licensing. Sanderson follows the appointment of Rich Schuette who was appointed VP, Intellectual Property in April. Collectively, both VPs add more than 40 years of collective experience in global patent licensing.
“With more and more system manufacturers expressing interest in the Moore Microprocessor Patent™ (MMP) Portfolio, our licensing activity is growing rapidly,” said Mac Leckrone, Alliacense president. “Adding high-caliber executives such as Rick and Bruce is critical to our continued success in commercializing and licensing the MMP Portfolio as well as other IP assets being developed by The TPL Group.” Leckrone noted that the MMP Portfolio patents, filed by The TPL Group in the 1980s, are fundamental to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players to computers, communications infrastructure, medical equipment and automotive electronics.
About Bruce Sanderson
Sanderson formerly served as Sr. VP of Licensing for IPVALUE Management, a private equity firm funded by Goldman Sachs, General Atlantic Partners and Boston Consulting Group. During his four-year tenure, he led efforts to close over 20 deals generating more than $100 million revenue. During his four-year tenure at Lucent Technologies, most recently serving as subsidiary president of the Licensing Division, he generated several hundred million dollars in revenue from the technology assets of Bell Labs including a portfolio of 26,000 patents. Over the course of his 13-year tenure with AT&T, he led a corporate-wide multifunctional team to establish a holding company subsidiary and the transfer of IP assets valued at $30 billion, which resulted in $25 million tax savings annually. While at AT&T, he evaluated 40 technologies and implemented licensing programs resulting in tens of millions of dollars in royalties. Sanderson holds an MBA from the University of Miami and a BA in Psychology from Tulane University.
About Rick Schuette
Schuette previously worked for Hewlett-Packard in Fort Collins, Colorado where for the last seven years of his 18-year tenure he served as Senior Counsel. His most current responsibilities at HP included house counsel for numerous microprocessor based litigations, the drafting and negotiation of joint development and licensing agreements for the company’s PA-RISC and IPF microprocessor and chipset development labs, as well as providing IP support for the Open Source and Linux Operation, the Software Global Business Unit (Open View) and America’s Marketing Organization. Before joining HP in 1988, he served as a regional attorney over a three-year tenure with Digital Equipment Corporation where he provided IP support for computer and peripherals products. Schuette holds an MA in Financial Management from Catholic University and a Juris Doctorate degree from the College of William and Mary. He earned his BSEE from Catholic University of America where he was also a member of Tau Beta Pi, the National Engineering Honor Society.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, technology experts, and experienced business development /management executives, Alliacense focuses on expanding the awareness and value of TPL’s intellectual property portfolios. For more information, visit www.alliacense.com.
Alliacense and Moore Microprocessor Patent (MMP) are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
Posted by AR on :
TWST: Would you give us a brief historical sketch of the company and a picture of the things you are doing at the present time?
Mr. Pohl: Patriot Scientific Corporation is a publicly held company. It is a Delaware corporation that has been public since 1992. At the present time, we estimate that we probably have about 16,000 or more shareholders. We are an intellectual property licensing company that develops, markets and enables innovative technologies for applications. Since the company’s founding in 1987, Patriot applied for and was granted several patents on its own inventions. The company’s portfolio of IP encompasses fundamental microprocessor design technology that is included in the company’s microprocessor chip. This valuable portfolio of intellectual property essentially covers the fundamental design of what we believe to be virtually every microprocessor in use around the globe today.
TWST: Would you go into some detail there?
Mr. Pohl: Patriot is a unique IP-licensing hybrid. The company has historically developed its own technology but recently agreed to unify its joint rights to a previously acquired patent portfolio as well. Patriot Scientific has been developing its own technology since its inception, including ground-penetrating radar intended for the military and industrial applications, microprocessor chips for consumer electronics, and other high-tech products. In June 2005, Patriot Scientific and The TPL Group, the other holder of equal rights to a portfolio of key microprocessor patents originally filed in 1989 and granted in 1998, announced an agreement to unify their respective interests in a joint venture. This valuable 10-patent portfolio contains core building blocks for microprocessor implementation and architecture currently used in many applications.
TWST: What are their principal applications?
Mr. Pohl: The principal applications are in cell phones and wireless devices, smart cards, home appliances, digital cameras, gateways, and virtually everything that touches the lives of consumers today, such as their new luxury automobile, the set-top box on their television set, the DVD player, microwaves and dishwashers — almost any consumer electronic device. Many medical devices have microprocessors, and there are various industrial applications as well. Aviation and aerospace technology also includes microprocessors.
TWST: What are some of the companies that you have been doing business with?
Mr. Pohl: Up until 2005, the company had been developing and marketing its own computer chip. Then in June of that year, the company entered into a joint venture to refine and refocus its business strategy with a group that had equal rights to the portfolio. We unified the patent portfolio, and as a result of that unification, we are now focused on licensing our technology to other companies as opposed to our actually manufacturing and selling our own chips. We came to realize that because our patent portfolio covers the fundamental design of virtually every microprocessor that is in use around the globe, hundreds of companies can license this technology. So to answer your question, AMD and Intel were the first to acquire licenses for the portfolio. Then, in calendar year 2006, we have had nine license deals signed so far, including HP, Fujitsu, Casio, Sony, PENTAX, Seiko Epson, Nikon, Olympus, and Kenwood. We are quite proud of the quality of the licensees so far, which is certainly an indication of the strength and validity of our patent portfolio.
TWST: Have you sued some companies for patent infringement?
Mr. Pohl: Yes, Patriot had originally sued some companies for patent infringement. The focus has shifted to Texas where infringement litigation initiated by the TPL Group on behalf of the jointly owned patent portfolio is now pending. Due to the sensitivity of that significant litigation, I would prefer not to discuss the topic further at this time without our attorneys present.
TWST: What makes your technology superior to that of your competition?
Mr. Pohl: The fundamental focus of our technology is that it is a microprocessor design with high speed, low power consumption, and a relatively low cost.
TWST: What would you be looking for in an acquisition?
Mr. Pohl: In an acquisition, we are looking for, first of all, a revenue stream that will be compatible with the company’s income and growth objectives, and with technology that would be compatible with our current focus. Certainly, it should be something that makes sense overall in terms of not diluting the resources that we will be accumulating as we go forward.
TWST: You are not doing much R&D at the present time?
Mr. Pohl: That is correct. We still have some valuable technology that, among other things, includes a computer chip that is identified as the IGNITE chip. That is the chip that the company spent a number of years researching and developing. We are considering whether we should go forward in some sort of a joint venture and perhaps find another company that would be interested in putting some of their own resources into further R&D and perhaps even marketing once some enhancements are made to the chip. But at the present time, the company itself is not engaging in any R&D.
TWST: What about challenges and problems? What are you worrying about these days?
Mr. Pohl: One of the challenges we are dealing with is the fact that lately the media have been picking up on and casting companies that are primarily engaged in licensing of patent portfolios in a pretty negative light. We really don’t fall into this category that tends to be described as patent trolls, which essentially are companies that,according to what I read in the newspapers, acquire patents to make a quick buck, and strictly for the opportunity to go out and prosecute infringers and collect money from them. Our focus is that we acquired our original technology for the purposes of developing a product. We spent a number of years and millions of dollars in research and development and marketing of that product, so we really don’t fit into that quick buck category, even though at the present time, we have stopped doing our R&D and we have decided to focus on the licensing.
TWST: What would you reasonably expect the company to look like in about three years? What might be some milestones along the way for potential investors to note?
Mr. Pohl: To date, over 300 companies have been put on notice for the fact that they are possibly infringing. That should give investors some sense of the size of the potential pipeline of licensing candidates that is out there, and we currently can point with pride to 10 licenses in total. That means there are a lot more to come. So the answer to your question is that three years from now, I picture this company as being one that has capitalized on the opportunity to accumulate some impressive amounts of cash in the form of licensing revenues. Milestones would possibly include that the Board of Directors might decide to pay some dividends to shareholders along the way. In addition to that, the company will definitely have taken a look at adding additional revenue streams through acquisition opportunities and perhaps the opportunity to acquire additional technology. So I would see this company three years from now, barring any unforeseen developments, as being a financially strong company, listed on a major stock exchange, and one with income and growth potential as a very attractive investment for shareholders.
TWST: How much cash do you have now and how rapidly are you burning it?
Mr. Pohl: At the present time, we are just about to the point of filing a 10-KSB, which is due around October 13, and our first quarter 10-Q is to be filed a few days after that.. I don’t think it would be useful for me to speak of stale information as of our last quarterly filing as of the end of February. You know the restrictions that we face in being a publicly held company. Our current cash position will soon be revealed in our public filings.
TWST: The company has five people at the present time. Would you tell us about the backgrounds and expertise of several of those five people, yourself included?
Mr. Pohl: I am an experienced business lawyer and have been on the Board of Directors of Patriot Scientific since 2001. In addition to myself, we are pleased to have other Board members who contribute almost on a daily basis to the progress and growth of the company. One of our Directors is an experienced CPA, Gloria Felcyn, who serves as the Chairman of our Audit Committee. Another Director is an attorney, Carlton Johnson, who is quite experienced in legal matters. He helps us tremendously in that arena. We have, in the past year, added James Turley to our Board. Jim is a recognized industry authority on microprocessors and intellectual property, and so he is providing very valuable input in that regard. And then we also have Dr. Helmut Falk, who is an anesthesiologist, and who contributes concerned business and shareholder input as the son of the Founder of the company. That is our Board of Directors. In addition to myself as the Chairman and CEO, our CFO is Tom Sweeney. Tom is a CPA with a background in dealing with companies that are of an entrepreneurial nature and publicly held companies that have experienced rapid growth in the past. In addition to Tom and myself being here in the office as executives on a daily basis, we have a very good controller and two other assistants.
TWST: Do you expect to add some people as the company becomes more successful?
Mr. Pohl: Absolutely, we look forward to that. At the same time, we favor operating on a lean and mean basis, and that is the way that we are able to function very effectively. My objective has always been to minimize investments of the company in bricks and mortar and to focus more on the revenue, particularly recurring revenue.
TWST: What occupies your own attention most on a day-by-day basis?
Mr. Pohl: Certainly, attention to closely following the activities of the licensing strategy that we are pursuing in addition to a myriad of managerial activities associated with being the CEO of a small team running a public company with a large number of shareholders. Being a publicly held company, one of the things that I find very interesting these days are the challenges that go with operating a company in the era of Internet message boards. When you have a small company, a small staff such as ours, and a very large widespread shareholder group (as I indicated earlier, it’s probably around 16,000 in number), there are lots of ongoing promotional and investor relations duties that fall on the CEO’s desk in a situation of this sort, in addition to the daily tasks related to running a business.
TWST: What would be the two or three best reasons for a long-term investor to take a very good look at Patriot Scientific?
Mr. Pohl: First of all, the value and strength of the patent portfolio. If one considers simply the fact that we’ve put over 300 companies on notice so far, you can speculate that there are probably several hundred more companies that might be added to the list in the future. So the potential for licensing revenues is tremendous. One could do some calculations on their own as far as picking a hypothetical average revenue stream per individual license and then multiplying that by the number of licenses they expect to see the company have. In doing so, one can come up with some interesting numbers of projected future revenue. As we accumulate that revenue, investors can look at two things. Number one is that since we are a company that has a stock that is currently trading at a price in the range of near $0.80 a share and a market cap of almost $300 million, we should have tremendous prospects for appreciation in the value of the shares. In addition to that, because of the activities that I have described in the revenue stream, the potential for dividends along with the appreciation are great.
TWST: Would you give us some hypothesis about this potential revenue stream?
Mr. Pohl: At this point, it is a subject I would love to be able to talk about, but we are not in a position right now to be able to give much guidance. As I said, the best way to do it is to take the number of potential licensing candidates that are out there, and multiply that number by a projected average dollar amount per license. You come up with some pretty impressive prospects for what the projected revenue of this company can be on a one-year or a five-year basis. Our patents are good through the year 2015. So there is a tremendous future ahead for this company.
TWST: You said that you would shortly have more freedom regarding what you could say.
Mr. Pohl: That is because we will be filing our 10-K information, which will be for our fiscal year end that was May 31, 2006. Then shortly after that, we will be announcing our first quarter information. And in the first quarter of this year, five additional licenses were signed.
TWST: Are you going to take any steps to improve your capital structure?
Mr. Pohl: We have already taken some significant steps in that, when this company was struggling to keep the doors open a number of years ago, we had contracted for a line of credit — an equity line of credit financing that later shifted into convertible debentures. In March of this year, we paid off the last of the convertible debentures, which had the result of the company basically eliminating its long-term debt. So as far as strength is concerned, I would certainly point to that. In addition to the strong revenue stream that we have from licensing, we have a very small headcount and low overhead. We are really at a point where the capital structure is very favorable.
TWST: Is there anything that you would like to add, particularly regarding strategies, opportunities and long-term objectives?
Mr. Pohl: One of the things that we find that we are in a position to do is to offer a possible acquisition opportunity to some privately held companies that may be out there perhaps with good technology but in need of cash or working capital as in the position that Patriot used to be, or perhaps with owners seeking liquidity or an exit strategy. These are companies that might benefit from being associated with a publicly held company such as Patriot that has a good cash flow, and can present opportunities for a privately held company to back into a public company. We feel that that is one of the exciting prospects that we have, which is a strategy, an opportunity, and an objective.
TWST: What would you feel about your company being acquired by a much larger company?
Mr. Pohl: At the moment, we are not entertaining that thought. We feel that we have so much potential that we are not putting ourselves on the market.
TWST: Is there anything that you would like to add?
Mr. Pohl: I am very positive in terms of the fact that we are a company that has gone through a dramatic, positive transition in the past year. We went from being an R&D and marketing company, making and marketing a chip, to a company that has now shifted to licensing a patent portfolio that has already proven its worth with the initial group of marquee-name industry companies that have purchased licenses. We have demonstrated that we have a very strong income and growth potential in terms of the pipeline of additional candidates for licenses that is already out there. We also have a really hands-on Board of Directors and management team that function as a tight-knit group to make quick decisions and to work in the best interests of the shareholders. I feel that Patriot Scientific should be on every investor’s radar screen.
TWST: Thank you.
Posted by AR on :
They are going to announce their financials (10-KSB) by next week. Stock has been started creeping up slowly and now It is closed to $1 range.
Posted by AR on :
everyone is accumulating, they are probably going to announce a dividend on Oct 13, it will scream up just like the last time they did that
Posted by Jo4321 on :
Flirting with $1.00 today. When the E comes off, this should fly.
Posted by Jo4321 on :
Very nice HOD of $1.01
Posted by AR on :
Nice start! Currently sitting at $1.08. Up 8.54%
Posted by Repoman75 on :
Interesting...
Posted by AR on :
HOD of 1.11
Posted by AR on :
1.12. Up 12.56% so far
Posted by Jo4321 on :
10-K for the fiscal year ending May 31 is to be filed any time prior to October 13. Then we lose the "E".
Then according to Pohl:
quote:Then shortly after that, we will be announcing our first quarter information. And in the first quarter of this year, five additional licenses were signed
Looking good.
Jo
Posted by AR on :
Did you guys notice that he talked about recurring revenue in his last interview
quote: My objective has always been to minimize investments of the company in bricks and mortar and to focus more on the revenue, particularly recurring revenue.
Posted by AR on :
Again Nice Start! HOD of 1.30
Posted by Repoman75 on :
Just remember, buy the rumor, sell the news... you have been warned.
Posted by AR on :
Today is the due date for 10-K filing. Hoping to see something after trading hours!
Posted by Jo4321 on :
Could be a Monday morning gapper after we lose the "E".
Patriot Scientific Files Form 10-KSB for Fiscal Year 2006 Friday October 13, 5:31 pm ET
CARLSBAD, Calif., Oct. 13 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) today filed its 10-KSB annual report for its fiscal year ending May 31, 2006. The report, filed with the U.S. Securities and Exchange Commission, includes audited financial statements for its fiscal year and related disclosures concerning the company's results of operations and financial condition during that period. The company also announced that its new web site will be launched on Monday at www.ptsc.com, where a copy of the company's 10-KSB will be available.
Patriot Scientific's consolidated financial statements reflect net income of $28,672,688 for the fiscal year ending May 31, 2006, with revenue of $35,895,449 million as its share of distributions from licensing agreements related to the MMP Patent Portfolio. The report also disclosed that during the period from June 1, 2006 through October 3, 2006, Phoenix Digital Solutions, which is jointly owned by Patriot Scientific and the TPL Group, entered into MMP portfolio license agreements with third parties, pursuant to which Phoenix Digital received aggregate proceeds totaling $32,699,000. The dollar amount for each licensing deal varies. Each is dependent on the relevance of the patents to each licensee's revenue and the extent to which the patented technology is incorporated into specific products, rather than on the total revenue from all products of the licensee.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, protect design techniques that have become essential to a myriad of consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
"Patriot Scientific has undergone tremendous positive change in the last year," said David Pohl, Patriot Scientific chairman and CEO. "The shift away from developing and marketing our own Ignite microprocessor to focus primarily on revenue from the licensing of our patent portfolio has bolstered the financial strength of the company. We are excited about the next phase of our plan that has already begun in which we are evaluating opportunities to diversify our revenue stream through possible joint ventures or acquisitions, all with the goal of increasing shareholder value."
Activities at Patriot Scientific that have occurred thus far in calendar year 2006, which includes the last six months of the fiscal year covered in the 10-KSB include:
- Nine MMP portfolio licenses have been sold in the first nine months of the year - Over 300 companies have been notified that they are licensing candidates - Unprecedented among microcap stocks, two cash dividends in 2006 - Announced open market buy-back program for shares - Conversion and retirement of all outstanding debentures
Due to activities related to preparation and filing of restated financials for fiscal 2002 through 2005 as previously announced, Patriot Scientific has filed a notice to take the allowable five-day extension to file the fiscal 2007 first quarter 10-Q financial report for the three month period ending August 30, 2006. That document will be filed October 23, 2006. Patriot Scientific has been advised that the character "E" that has been appended to the company's trading symbol pending the filing of the company's annual report will be removed today.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). PTSC and Ignite are trademarks of Patriot Scientific Corporation. All other trademarks belong to their respective owners.
CONTACTS: Patriot Media Relations The Hoffman Agency David Friedman (303) 868-9641 dfriedman*hoffman.com
Patriot Investor Relations Hawk Associates Frank Hawkins or Ken AuYeung (305) 451-1888 info*hawkassociates.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Posted by TCB on :
what is causing the big sell off today????
Posted by 401k on :
The numbers were lower than hoped for... basically this is a 2007 company and many folks want their money somewhere more active...
Posted by wallymac on :
401K, that may be true but I also think that people are just looking at the fact that the "E" is still there and assume that the filing was missed. The "E" should come off tommorrow. Hopefully we will get some additional news. This is a longer term play with up side.
GLTA Wally
Posted by 401k on :
Thanks Wally...
I thought I heard the E came off, but I noticed in Scottrade today it was still there... Is there a delay in removing it??
Posted by Jo4321 on :
what was the significance of the E?
Posted by 401k on :
If you don't file your annual report on time an "E" is apended to your symbol until you fulfill the filing requirements. Now that the 10K is out, the "E" will be removed...
Posted by OILDOG on :
Whats next? A 10Q on Oct 23?
Posted by TCB on :
any word on the 10Q?
Posted by Jo4321 on :
Patriot Scientific Reports Fiscal Q1 Net Income of $5.99M, or $0.014 Diluted EPS PR Newswire - October 23, 2006 16:25 Company Announces Share Buy Back Actions
CARLSBAD, Calif., Oct 23, 2006 /PRNewswire-FirstCall via COMTEX/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) today reported net income of $5,990,000 after provision for taxes, or $0.014 per diluted share, for the first fiscal quarter ended August 31, 2006. A copy of the company's Form 10-Q, filed with the U.S. Securities and Exchange Commission, is available on the company's newly redesigned website, www.ptsc.com, where visitors can now sign up for e-mail alerts.
The results included $12,070,198 recorded as the company's 50% share of the net income of Phoenix Digital Solutions, Patriot's joint venture with TPL that is responsible for marketing the jointly owned MMP portfolio license agreements. The company said it had $16,126,000 in current assets including short-term investments and over $9,600,000 in cash and cash equivalents at the end of the quarter. Current liabilities of $4,040,000 included a $3,500,000 provision for income taxes. The company has no long-term debt.
In another matter, the company said it began to buy back stock in July with the repurchase of 2,075,003 shares at an aggregate cost of $1,839,000. In September, the company purchased 1,199,824 shares at an aggregate cost of $934,000. The company said it had 369,536,087 common shares outstanding on October 2, 2006.
Patriot Scientific chairman and CEO David Pohl said, "These results reflect solid progress in pursuing our MMP portfolio licensing strategy through our partnership with TPL. We had a net increase in cash of $5,695,000 during the quarter as we continued to strengthen our balance sheet and our financial structure. We have subsequently used some of the cash for share buy backs in July and September. Shareholders' equity at the end of the quarter was $16,629,000, up from $10,827,000 on May 31, 2006."
Patriot previously disclosed that from June 1, 2006 through October 3, 2006, Phoenix Digital Solutions entered into MMP portfolio license agreements with third parties, pursuant to which Phoenix Digital received aggregate proceeds totaling $32,699,000. The dollar amount for each licensing deal varies. Each amount is dependent on the relevance of the patents to each licensee's revenue and the extent to which the patented technology is incorporated into specific products.
"We are delighted that the strength of our patent portfolio continues to be validated by the 11 licenses that have been signed thus far with major electronics companies, nine of them since January," Pohl stated. "We remain positive in our outlook for continued revenue based on further progress in licensing more of over 300 companies around the globe that have been notified they are candidates."
Pohl also noted that Patriot Scientific is actively evaluating sources and opportunities to create additional recurring revenue through possible joint ventures or acquisitions, all with the goal of increasing shareholder value.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, protect design techniques that have become essential to a myriad of consumer and commercial digital systems ranging from computers, DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). PTSC and Ignite are trademarks of Patriot Scientific Corporation. All other trademarks belong to their respective owners.
CONTACTS: Patriot Media Relations The Hoffman Agency David Friedman (303) 868-9641 dfriedman*hoffman.com
Patriot Investor Relations Hawk Associates Frank Hawkins or Ken AuYeung (305) 451-1888 info*hawkassociates.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
SOURCE Patriot Scientific Corporation
Media Relations, David Friedman of The Hoffman Agency, +1-303-868-9641, or dfriedman*hoffman.com, for Patriot Scientific Corporation; or Investor Relations, Frank Hawkins or Ken AuYeung, both of Hawk Associates, +1-305-451-1888, or info*hawkassociates.com, for Patriot Scientific Corporation
Copyright (C) 2006 PR Newswire. All rights reserved ********************************************************************** As of Thursday, 10-19-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 04-25-2006 for PTSC * $1.31. For more information on Comtex SmarTrend® Alert, contact your market data provider or go to CSTADirect.com SmarTrend is a registered trademark
Posted by Hitman on :
PTSC will hit $20 one day without a reverse split.. Lots of companies to get on board!
Posted by TCB on :
so why is it continuing to drop....
Posted by Hitman on :
The Company releases little news..... They dont think they have to for now.... They went from poor people to rich people... They are just starting to make future acquisitions ect. It may take a long time to make lots of money here... But that will happen..... Untill then it is a gr8 flip stock.... Rolls between $.80 and $1.05 If you can risk that much you can make money while it eases up.... They will keep gaining on new royalties... A steady build up. However use your own judgement.... This is a Dream Play and may turn $1000 into $20,000 in a few years. I had looked for them to close up shop from all the money they made and retire.. BUT THEY PLAN TO GROW so Im in for $1000
Posted by Dukedbd on :
I just picked up some shares. When is the next big date for this stock?
Posted by Hitman on :
They will do a press release when the next company signs up for royalties... but they will not discuss how much the royalties will be.... They will wait and show their gains/profit only when they releast next quarters report.... It Is amazing that they own the pattent to the chip that makes all computers, and any thing digital work! And 300 more companies have been sent letters to sign up now... so far no company has went to court in protest.... Everyone signs.. Out of court.... Good luck
Posted by Dukedbd on :
What is a realistic year end price for this stock? And what kind of volume are we looking at on a daily basis? i assume today volume was up becasue of the news. yes?
Posted by Hitman on :
Yep the news moved it... However sometimes it just spikes up for no reason..... It will spike up and down for a while..... I Think it stays in the range it is in now (Except for the Spikes Up) Have been watching it a long time..... The real good uptrend will be when they announce another Big Name company to sign up and pay royalties.... They have some big players already.. wil have to wait and see...... Flip when you can.... Good luck....
Posted by OILDOG on :
Next Q when? End of Nov?
Posted by TCB on :
CARLSBAD, Calif., Dec. 11 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) confirmed today that Lexmark International Inc. LXK, a global supplier of printing and imaging products, has purchased rights to use technologies protected by the Moore Microprocessor Patent(TM) (MMP) Portfolio. Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages. Lexmark follows in the footsteps of HP, Casio, Fujitsu, Sony, Nikon, Seiko Epson, Pentax, Olympus, Kenwood and Agilent, all of whom have purchased MMP Portfolio licenses during 2006. In addition, AMD and Intel are also licensees.
Posted by a surfer on :
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