"I decided that my 70th birthday in June would be a good time to step aside from daily business operations and let someone else take the wheel," Pohl stated. "With that in mind, I informed the board of directors of my intent last February. Since that time the board has been identifying and considering various candidates for the position."

The search for a new candidate is being spearheaded by Carlton M. Johnson Jr., chairman of the executive committee of the Patriot Scientific Board of Directors. "The board appreciates the fine job David has done while serving as our CEO," said Johnson. "We have asked him to continue to serve as our chairman and we are delighted that he has agreed."

"I am looking forward to continuing to help shape the future of this great company in my ongoing role as chairman while a new dynamic CEO steps into place to contribute his experience, energy and vision toward creating increased value for our shareholders," Pohl concluded.

 

The final paragraph might be the reason for some dismay from both longs/newcomers, pumpers/dumpers.

 

 

Be well