posted
I would assume that given the fact that the suit between Moore TLP and PTSC is settled that Fujitsu would see they have no ground to stand on and settle by 6/29 or at least be in the midst of strong talks about settlement when report is made. This is only one of over 150 agreements yet to come.
Good Luck Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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TPL is working on a settlement with Fujitsu America and will report to the court on the progress of this settlement on or before 6/29/05 the court filing 6/8/05 follows! _________________________________________________
HENNEMAN & SAUNDERS Intellectual Property Law F. Eric Saunders P O Box 2215 Arnold, CA 95223 Phone: 209 795-6659 Fax: 209 755-2855 ferics@sbcuc.net June 13, 2005
Hon. Saundra Brown Armstrong United States District Court Northern District of California, Oakland Division 1301 Clay Street, South Tower Oakland, CA 94612-5212
Regarding: REPORT PURSUANT TO ORDER OF JUNE 8, 2004 Patriot Scientific Corp. v. Fujitsu Microelectronics America, Inc. et al., C 03-5787 SBA
Dear Judge Armstrong: I represent Charles H. Moore ('' Moore''), Technology Properties Ltd. (''TPL''), and Daniel E. Leckrone (''Leckrone'') (collectively, ''Moore Defendants'') in Patriot Scientific Corp. v. Fujitsu Microelectronics America, Inc. et al., C 03-5787 SBA. In accordance with your order of June 8, 2004 staying the present litigation pending the outcome of Patriot Scientific Corp. v. Charles H. Moore, et al., C-04-0618-JF (''San Jose Lawsuit''), this reports that the Moore Defendants and Patriot Scientific Corp. (''Patriot'') have settled that matter by entry of a Stipulated Judgment, a copy of which is attached hereto.
Also pursuant to the agreement whereby the San Jose Lawsuit was settled, TPL has been granted complete and exclusive authority to enforce and license the US Patent Number 5,809,336 (the '336 patent''), which is the patent-in-suit in the present litigation. Pursuant to that authority, TPL is actively engaged in Settlement negotiations with defendants in the present litigation. To the extent that settlement cannot be reached, TPL will be responsible for further conduct of the present litigation.
As noted in your order of May 19, 2005, on December 20, 2004, the Moore Defendants moved to disqualify Patriot's counsel on the grounds that they improperly retained and communicated with the attorney for the inventors during the prosecution of the '336 patent. On March 8, 2005, Judge Fogel granted in pertinent part the motion to disqualify. Patriot's request for reconsideration was denied by Judge Fogel on March 29, 2005.
On May 19, 2005, Your Honor granted Patriot's counsel's Motion for Leave to Withdraw from the present litigation, and ordered the parties to appear for a telephonic Case Management Conference on Wednesday, July 14, 2005 at 2:45 p.m., and to prepare and file a joint Case Management Conference Statement no later than ten (10) days prior to the Case Management Conference, i.e. no later than June 29, 2005. In accordance with the May 19 order, no later than June 29, 2005, TPL will inform the Court as to the status of settlement negotiations with the current defendants, together with TPL's plans for whatever future conduct of the present litigation may be required. Given TPL's complete and exclusive authority to enforce and license the '336 patent, TPL presently anticipates that it will seek to be substituted for Patriot as plaintiff, if settlements cannot be achieved.
Respectfully submitted,
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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Should start seeing some buying pressure comin in with the speculation on this comin to a end
Posts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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posted
Earnings report will be released after the CLOSING BELL.
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
This is taking longer then expected. The PR was supposed to come out after market closed. I hope they come out with the NEWS soon Next Week. I am holding till then. MM's will try to shake out the weak hands til then. Hope this doubles next week. I need a winner.
good luck
EarthMan
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :) Posts: 983 | From: Bethel Island, Ca. 94511 | Registered: Feb 2004
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posted
I think the real rewards for this stock would be based on holding it long term. Intellectual royalties take time but pay well.
Posts: 798 | Registered: Jun 2004
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