Industry: Electronics & Engineering
Rating: Speculative Buy (Reiterated)
Price Target: $0.75
By: Jonathan H. Ziegler, CFA

Patriot Scientific Corporation Announces that TEAC Corporation Purchased a Moore Microprocessor Patent; Portfolio license; Speculative Buy Rating Reiterated

November 20, 2007. Patriot Scientific Corporation (OTCBB: PTSC) announced Friday, November 16, 2007, that TEAC Corporation has purchased a Moore Microprocessor Patent? (MMP) Portfolio license from The TPL Group. Since the 30-day stay granted in the litigation for TPL and Patriot Scientific vs. Matsushita Electric Industrial Co., Ltd., et al, rampant speculation of a possible settlement has pushed Patriot Scientific's common stock up over 70% from a recent intra-day low. We reiterate our Speculative Buy Rating and our $0.75 price per share target for Patriot Scientific.
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