posted
ptsc has been on of those long term stock like cnes.. and it has had its difficulties. Lost its ceo and it has really been tough to stick with but after the bell today they reported earning nearly 3 million dollars for this quarter... vs 3300 bucks for the year before so it is going to the moon in the morning...
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
blue, I trust your instincts, but the pr I'm seeing shows the q earnings report issued on 3/31 just after the bell. I see the pps jumped on good volume on friday and even jumped this morning, but settled back to 096. Why do you think it will jump tomorrow? I'm looking at the charts, but can't necessarily see a jump over 12 in the near future. Any input would be helpful. I'm learning as I go.
Posts: 176 | From: South Bay, California | Registered: Feb 2005
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Thanks blue ... I'm going to watch it and jump in if it looks like its moving, but I'm playing ctglf tomorrow morning. Looks like that might be poised to run
Posts: 176 | From: South Bay, California | Registered: Feb 2005
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The Chinese Economy is so strong!This company is so undervalued at its present levels its pathetic.Insider buying and big contract news!Preparing to go to Amex soon,$3.00-$5.00target by end of year.CTGLF BABY.
Posts: 6 | Registered: Apr 2005
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Patriot Scientific Reports First Quarterly Profit In Its 18-Year History Tuesday April 5, 8:00 am ET Successful Licensing Credited With Dramatic Economic Turn-Around
SAN DIEGO--(BUSINESS WIRE)--April 5, 2005--On March 31, in its first quarterly Webcast, Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) announced it's first-ever quarterly profit - a major step forward for a company that recently signed a major licensing agreement with AMD (NYSE: AMD - News).
PTSC has also recently received from The Embedded Microprocessor Benchmark Consortium (EEMBC) the highest-ever ConsumerMark(TM) performance rating on its IGNITE(TM) microprocessor. EEMBC is an independent microprocessor testing, benchmarking and evaluation organization.
Revenue for the third quarter, which ended February 28, 2005, was approximately $2.9 million. This is up dramatically from revenue of $3,384, the amount reported for the period which ended February 29, 2004. Net income for the third quarter was approximately $600,000, compared to a net loss for the third quarter of fiscal 2004 of $975,894.
"This first ever quarterly profit," according to Jeff Wallin, president and chief executive officer, is an important milestone for Patriot Scientific Corporation. "For several years, the board and management team have been aggressively pursuing a carefully-crafted two-pronged strategy, first, to license the IGNITE(TM) technology and, second, to enforce its patent portfolio. Both strategies are designed to increase revenue and add shareholder value."
"This first-ever profit was the direct result of our entering into several licensing agreements with AMD," Wallin said. "We are pursuing licensing for both our core technology, IGNITE(TM), and for our patent portfolio of seven issued patents, and our license agreement with AMD covers both IGNITE(TM) and our patent portfolio."
"On behalf of our 5,809,336 patent," Wallin explained, "we are aggressively pursuing licensing revenue from companies that have been using our design without a license. We have begun licensing and promoting our newly evaluated world-class IGNITE(TM) microprocessor. AMD's endorsement of PTSC through its licensing of both our IGNITE(TM) and patent portfolio earmarks a positive inauguration of our long term growth strategy."
IGNITE(TM), the revolutionary ultra-low-power array microprocessor, intended primarily for the hand-held battery-powered applications market, received what is essentially a "best-we've-ever-tested" ConsumerMark(TM) rating from EEMBC in December, 2004; and in March, 2005, Patriot successfully completed the GNU C/C++ compiler software that will pave the way for IGNITE's adoption by manufacturers.
"With those accomplishments, and with AMD's recent licensing of this technology, we look forward to significant gains in market share for our core technology," Wallin concluded.
About Patriot Scientific
Patriot Scientific is an intellectual property company, developing and marketing innovative and proprietary semiconductor technologies into the fast-growing handheld wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture.
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 on the websites www.hawkassociates.com and www.hawkmicrocaps.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.
Contact:
Patriot Media Relations Attention Group Daryl Toor, 770-777-9489 dtoor@attentiongroup.com or Patriot Investor Relations Hawk and Associates Frank Hawkins, 305-852-2383 info@hawkassociates.com or Julie Marshall, 305-852-2383 info@hawkassociates.com
posted
ptsc just started a run today... its macd crossed over.... so look out...
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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I have had all my money sitting in cnes and I have not been able to trade but I giveing up on that thing.... its turned into qbid 3.9 bil float..
ptsc looks good... look at the macd and its. making money...
I was in this thing a year ago...but i think its time to give it another look
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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Sorry got that wrong Marketwatch now has the O/S at 264,000,000 and a market cap of 27 million. Hard to say exactly what the free trading float is but I suspect well over 100mil
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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I am with you on this one blue. I have also been sitting on cnes. Time to take that kick in the shorts and start making some serious money.
Posts: 5 | From: sacramento | Registered: Mar 2005
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