The $612 million settlement last week will seem small compared to more than 150 computer/semiconductor manufacturers and consumer electronics companies worldwide now being sued or put on notice for industry wide patent infringement that is validated by recent licensing or court settlements by Intel, AMD, HP, Casio and last week Fujitsu.
Publicly traded Patriot Scientific Corporation co-owns and markets core microprocessor architecture technology patents which affects every computer manufactured since 1994 and semiconductors which run faster than 120 MHz. These microprocessors put into everything from office copy machines and automobiles to DVD players and PDAs has been almost universally ignored until recently when Intel, AMD, HP, Casio and just last week, Fujitsu decided to receive amnesty in the form of a license.
Unlike NTP, the BlackBerry plaintiff, Patriot has developed technology as well as co-owns a patent portfolio. Currently, Matsu****a, NEC and Toshiba the others are being sued in U.S. District Court for industry wide infringement More than 150 other companies have already been put on notice.
Trading with a market cap of $25 million a month ago, Patriot's stock, in anticipation of an industry-wide earthquake, has soared to a market cap of over $600 million today.
CEO David Pohl and representatives of the company are available to comment.