posted
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.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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posted
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
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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posted
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
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
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!
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
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.
-------------------- The difference between genius and stupidity is that genius has its limits
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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
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posted
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."
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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posted
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.
-------------------- Patience makes money
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posted
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...
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
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!
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posted
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
-------------------- "Great Day for Up!"....Dr. Seuss
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