Street.com report lists:

strengths:

company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity

PTSC's very impressive revenue growth greatly exceeded the industry average of 14.1%. Since the same quarter one year prior, revenues leaped by 90.0%.

PTSC has no debt to speak of therefore resulting in a debt-to-equity ratio of zero [which they consider to be a relatively [?] favorable sign]

company maintains an adequate quick ratio of 1.41, which illustrates the ability to avoid short-term cash problems.

negatives:

as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

PATRIOT SCIENTIFIC CORP has shown no change in earnings for its most recently reported quarter when compared with the same quarter a year earlier.

This company has not demonstrated a clear trend in earnings over the past 2 years [due to one qtr not increasing]

But due to other concerns, we feel the stock is still not a good buy right now. [What is 'other concerns'?? Come on spit it out or it doesn't count]

on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry [again that one qtr... S&P 500?]

The net income has significantly decreased by 1763.4% when compared to the same quarter one year ago [again that qtr]

When I see a report as this, I feel they are either very uninformed as to the situation, or only want to report part of the story (what they want out there).. No mention what-so-ever of the litigation & settlements to date...

jmo... thanks Wolfie for posting it