posted
Another of the companies involved in the lawsuit to not pay PTSC for patent infringement just caved... PTSC is ripe again!
Patriot Scientific Announces Purchase by NEC of First 2007 Moore
Microprocessor Patent(TM) Portfolio License
CARLSBAD, Calif., Feb. 8 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) confirmed today that NEC Corporation has purchased a Moore Microprocessor Patent(TM) (MMP) Portfolio license. As the first global manufacturer to become an MMP Portfolio licensee in 2007, NEC closely follows in the footsteps of HP, Casio, Fujitsu, Sony, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark and Schneider Electric, all 12 of whom purchased MMP licenses during 2006.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense, a TPL Group enterprise, exclusively manages. MMP Portfolio patents encompass fundamental design techniques that enable higher performance and lower cost digital electronic systems ranging from cell phones and portable music players to communications infrastructure and medical equipment as well as automobiles, which today utilize dozens of microprocessors.
"After several years of exhaustive study and negotiation, we are pleased with NEC's decision to purchase an MMP Portfolio license," said Mac Leckrone, Alliacense president. "NEC becomes our inaugural MMP Portfolio licensee in 2007, as well as the first to capture a berth in the networking and communications industry segment." He noted that the MMP Portfolio licensees in this segment, as well as future licensees in segments where early tiers have been captured, are subject to progressively higher royalty rates. "We are especially pleased that NEC has chosen to become TPL's program partner instead of continuing as a defendant with Matsu****a and Toshiba, against whom TPL filed broad-based infringement claims about 15 months ago in the U.S. District Court, Eastern District of Texas."
"As a co-owner of the MMP Portfolio and co-plaintiff with TPL in the litigation still pending in Texas as to infringement claims against defendants Matsu****a and Toshiba, we are equally pleased with this decision by NEC," said David Pohl, chairman and CEO of Patriot Scientific Corporation. He noted that Patriot Scientific invested millions of dollars and hundreds of thousands of man-hours over 12 years or more developing and bringing to market products based upon the company's intellectual property, including IP contained in the MMP Portfolio. "Patriot's board of directors decided in June, 2005 to shift our primary business model from manufacturing and marketing products to a model currently focused on licensing our joint venture patent portfolio," Pohl continued. "Each new licensee, with NEC being a significant example, validates that decision."
Posts: 35 | Registered: May 2006
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posted
I am? Show me the chart. I'm not wrong. In early 2006, when the company began receiving settlements, it ran from the .70 to $2 range... since then, it has dropped to .5. News used to propel it 100%. Now? Barely 20%.
Do YOUR DD and you will see that the MOMO left this stock once everyone (well, almost everyone) realized that there is no reoccuring payments from these settlements. Prove me wrong.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Repoman75: I am? Show me the chart. I'm not wrong. In early 2006, when the company began receiving settlements, it ran from the .70 to $2 range... since then, it has dropped to .5. News used to propel it 100%. Now? Barely 20%.
Do YOUR DD and you will see that the MOMO left this stock once everyone (well, almost everyone) realized that there is no reoccuring payments from these settlements. Prove me wrong.
You are dead wrong. I personally bought PTSC in January last year for .137. During Feb of last year it was in the 20 to 30 cent range. I also received 2 cash dividends last year on this stock. Sold for nice profits and reenter in the 50's. So no I doubt that most people lost money on this. Especially those that have known about this company and done thier DD early last year.
The company has cash and is looking at JV's and acquisitions. Up until now the cases that have been settled were for one time licensing fees. They have stated that royalities will come with signings in the future. With over 400 companies on notice of infringement their is a lot more money comming PTSC's way.
I guess the only stocks worth anything In Your Opinion are the ones you pick, or at least it seems that way.
As Glassman stated, your DD is lacking.
There is a lot of upside potential here. It may not run like many pennies do but it will continue to add value and stablize at a higher PPS.
Real company with real tangible assests and revenues.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by Repoman75: Dude, this stock has been DEAD WEIGHT for months.
ptsc is such an old stock its been dead weight for over a year buddy...real dog stock if u ask me...i traded it along with TMTA made nice cash on both but eventually ptsc became to fat of a pig to do anything...and remember the billions of dollars worth of patents? lol...
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
February 20, 2007 -- Funai purchases Moore microprocessor patent portfolio license
Alliacense today announced that Funai Electric Co., Ltd. has purchased a Moore Microprocessor Patent(TM) (MMP) Portfolio license from The TPL Group, thereby joining 13 other global manufacturers that have captured early-mover MMP licensing berths in specific industry segments.
Alliacense confirmed that subsequent licensees in segments where early tiers have been secured are subject to progressively higher royalty rates.
"We welcome Funai to the growing family of companies whose management realizes the value of participating in the formative stage of our MMP Portfolio Licensing Program," said Mike Davis, Alliacense Senior VP of Licensing.
He noted that Funai manufactures products for its own well-known brands such as Sylvania and Emerson as well as for several of the world's largest retailers and even competitors.
According to Davis, the strong momentum of the MMP Portfolio Licensing Program validates the substantial investments made and risks taken by inventor Chuck Moore and The TPL Group over nearly two decades.
"The MMP Portfolio Licensing Program is a prime example of how investment in the development and protection of one generation of innovation can help provide a platform for the next generation of innovation."
The intellectual property assets protected by the MMP Portfolio encompass fundamental design techniques that enable higher performance and lower cost digital electronic systems ranging from cell phones and portable music players to communications infrastructure and medical equipment as well as automobiles, which today utilize dozens of microprocessors.
The far-reaching applications of MMP design techniques have prompted major manufacturers around the globe to purchase MMP Portfolio licenses.
Since January 2006, HP, Casio, Fujitsu, Sony, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark, Schneider Electric and NEC Corporation have purchased MMP Portfolio licenses.
(Source: Alliacense)
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by Repoman75: FRPT over $20, PTSC back to .58... just like I said.
It's only a couple of weeks not a couple of months. Why do you love to bash stocks that others are in and you are not? We will see what happens ove the next month and a half.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
PTSC Patriot Scientific Corporation Announces Cash Dividend and Future Semi-Annual Dividend Policy Company Repeats its Precedent-Setting Action Among Microcaps Feb 22, 2007 3:10:00 PM
CARLSBAD, Calif., Feb. 22 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) today announced that it will issue a cash dividend of $0.02 per share of common stock for shareholders and qualified warrant holders of record as of March 6, 2007. The dividend is payable April 9, 2007.
This dramatic action follows closely on the heels of the company's recent announcements that two more global manufacturers, NEC Corporation and Funai Electric, have purchased licenses for the jointly owned 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.
"We want our shareholders to participate in our share of the revenues generated by our jointly owned MMP Patent Portfolio," said David Pohl, chairman and CEO of Patriot Scientific Corporation. "In furtherance of this philosophy, our board of directors has now adopted a policy of paying a dividend every six months, subject each time to a determination by the board that payment of a dividend would then be reasonable and prudent in light of the financial condition of the company, other possible applications of the company's available resources, and relevant business considerations," Pohl stated.
Patriot Scientific invested millions of dollars and hundreds of thousands of man-hours over 12 years or more developing and bringing to market products based upon the company's intellectual property, including IP contained in the MMP Portfolio. "Patriot's board of directors decided in June 2005 to shift our primary business model from manufacturing and marketing products to a model currently focused on licensing our joint venture patent portfolio," said Pohl. "This dividend payment, which is rare in the arena of microcap companies, is another important step evidencing the fact that the board and management firmly believe in the company's future potential."
He noted that HP, Casio, Fujitsu, Sony, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark, Schneider Electric, NEC Corporation and Funai Electric have purchased MMP Portfolio licenses in the past 13 months. Intel and AMD are also licensees. The MMP portfolio generated over $108 million in total license fees for the joint venture as a result of licenses signed in 2006. After allocation for expenses, the distributive share received by Patriot Scientific from the total license fees was over $48 million.
"We have already embarked upon our plan for the future of Patriot Scientific by seeking and evaluating opportunities to add to and diversify our revenue stream by acquiring other companies and technologies, entering into joint ventures, developing and marketing new proprietary products or technologies, or a combination of any of those alternatives," Pohl continued, "always pointed toward the goal of increasing the financial position and strength of the company and providing value to our shareholders."
A letter issued by Pohl as CEO of Patriot Scientific is being posted Friday on the company's web site at www.ptsc.com. The letter summarizes significant developments of 2006 and provides an update on recent events of interest to shareholders. The company also announced plans to hold an annual shareholders meeting April 27, 2007, in Carlsbad, California. Details will be announced soon and proxy materials will be mailed to shareholders.
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(TM) Portfolio, 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 fundamental to the design of modern microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of Intellectual Property (IP) 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 IP portfolios. Founded in 1988, The TPL Group has emerged as a global coalition of high technology enterprises involved in the development, management and commercialization of IP assets as well as the design, manufacture and sales of proprietary products based on these same IP assets. For more information, visit 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, patent litigation, 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). PTSC and Ignite are trademarks of Patriot Scientific Corporation. All other trademarks belong to their respective owners.
CONTACTS:
Patriot Investor Relations: Hawk Associates, Frank Hawkins or Ken AuYeung (305) 451-1888 info*hawkassociates.com
Patriot Media Relations: The Hoffman Agency, John Radewagen (408) 975-3005 jradewagen*hoffman.com
SOURCE Patriot Scientific Corporation
----------------------------------------------
Patriot Investor Relations: Frank Hawkins or Ken AuYeung both of Hawk Associates +1-305-451-1888 info*hawkassociates.com; or Patriot Media Relations: John Radewagen of The Hoffman Agency +1-408-975-3005 jradewagen*hoffman.com
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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I LOOOOOOOVE IT BABY! What a sweet surprise, this Divvy...! Check out the short position too (thanks Wally...):
PATRIOT SCIENTIFIC (PTSC) OTC Type: OTCBB
Short Interest for January 2007
Short Interest Percent Change Average Daily Share Volume Days to Cover 1,307,623 (48.73) 1,003,417 1.30
MM's will have to cover in the interests of the divy; should be a sweet combination for us shareholders!
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
hopefully this divy doesnt go down the toilet, u know how it is with these otcbb... they are giving a major head start for people to get in for the divy..kinda suspicious, hopefully they arent selling on this that would be shame
Posts: 3086 | From: miami | Registered: Nov 2005
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quote:Originally posted by trade04: hopefully this divy doesnt go down the toilet, u know how it is with these otcbb... they are giving a major head start for people to get in for the divy..kinda suspicious, hopefully they arent selling on this that would be shame
They have already given 2 Divy's last year without a hitch. They must give 10days notice to NASD and the public. Nothing fishy here. come on no reason to try and create and fear or doubt. They don't need to sell shares. They have pplenty of money CASH in the bank. Please check it.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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I don't see why the divi wold cause any short covering. Even if they paid the dividend on every share that they are short, that's about $25,000. Probably more worth it for them to pay the dividend than cover, isn't it?
quote:Originally posted by bilgert: I LOOOOOOOVE IT BABY! What a sweet surprise, this Divvy...! Check out the short position too (thanks Wally...):
PATRIOT SCIENTIFIC (PTSC) OTC Type: OTCBB
Short Interest for January 2007
Short Interest Percent Change Average Daily Share Volume Days to Cover 1,307,623 (48.73) 1,003,417 1.30
MM's will have to cover in the interests of the divy; should be a sweet combination for us shareholders!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by Repoman75: Dude, this stock has been DEAD WEIGHT for months.
ptsc is such an old stock its been dead weight for over a year buddy...real dog stock if u ask me...i traded it along with TMTA made nice cash on both but eventually ptsc became to fat of a pig to do anything...and remember the billions of dollars worth of patents? lol...
So after posting that you bought in at .55. WOW
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Nice job wally. I've noticed sometimes that people who want to "bash a stock" will try to gain your trust by saying that they are in it, and then subtlely make negative statements. Not saying that that is what this guy did, but seems odd to me to follow up his post about "$1 tomorrow" with one saying he worries about the dividend falling through.
Me, I just flat out "bash" when I don't like a stock, i don't pretend to be in it first
quote:Originally posted by wallymac:
quote:Originally posted by trade04:
quote:Originally posted by Repoman75: Dude, this stock has been DEAD WEIGHT for months.
ptsc is such an old stock its been dead weight for over a year buddy...real dog stock if u ask me...i traded it along with TMTA made nice cash on both but eventually ptsc became to fat of a pig to do anything...and remember the billions of dollars worth of patents? lol...
So after posting that you bought in at .55. WOW
Wally
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
If not for the last part, where he said "but eventually ptsc became to fat of a pig to do anything...and remember the billions of dollars worth of patents? lol... "
I would agree with you. however that last part made it seem like he was mocking the company because they claimed billions in non-existant patents.
you may be right though.
quote:Originally posted by glassman: wally i read it as trade was being facetious ...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
It could be cheaper, I suppose- would depend on when you started to cover. But is it legal? I don't know how divvies work on stocks you're short on. I honestly don't know.
quote:Originally posted by PCola77: I don't see why the divi wold cause any short covering. Even if they paid the dividend on every share that they are short, that's about $25,000. Probably more worth it for them to pay the dividend than cover, isn't it?
quote:Originally posted by bilgert: I LOOOOOOOVE IT BABY! What a sweet surprise, this Divvy...! Check out the short position too (thanks Wally...):
PATRIOT SCIENTIFIC (PTSC) OTC Type: OTCBB
Short Interest for January 2007
Short Interest Percent Change Average Daily Share Volume Days to Cover 1,307,623 (48.73) 1,003,417 1.30
MM's will have to cover in the interests of the divy; should be a sweet combination for us shareholders!
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
if you shortsell a stock? you are liable to pay the dividend to the shareholder you BORROWED the stock from...
and? i agree that i could have been wrong in assuming trade was being facetious, i have followed PTSC for several years.. they do have other patents...
also? their patents cover so many devices that they have years of litigation in front of them to settle all of the infringements... in cases like this? the more "wins" you have? the more likely it is you will win each "next case" and the less likely it becomes that you will have to do anything more than ask politely
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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