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The numbers were lower than hoped for... basically this is a 2007 company and many folks want their money somewhere more active...
Posts: 48 | From: Texas | Registered: Jul 2005
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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
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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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??
Posts: 48 | From: Texas | Registered: Jul 2005
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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...
Posts: 48 | From: Texas | Registered: Jul 2005
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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
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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PTSC will hit $20 one day without a reverse split.. Lots of companies to get on board!
Posts: 1101 | From: Georgia | Registered: Apr 2006
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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
Posts: 1101 | From: Georgia | Registered: Apr 2006
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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
Posts: 1101 | From: Georgia | Registered: Apr 2006
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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?
Posts: 29 | Registered: Oct 2006
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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....
Posts: 1101 | From: Georgia | Registered: Apr 2006
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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.
Posts: 35 | Registered: May 2006
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