First let me wish all of you a great New Year and let's hope this board returns to his "old" quality in content and the way otherthinking persons are treated = accepted.

Maybe it helps to sum up all the events happened in 2007 to open the view for 2008. I'll try to sum up all relevant FACTS, which cannot be denied:

- The TPL and PTSC partnership created two very strong strengths for PTSC:

--- it increased its patent portfolio

--- it allowed PTSC to concentrate on his business, while TPL was going to implement the license programm AND to fight the litigation with the J5 (of course this is a fact from 2005, but many people around the world seem to forget these points)

- PTSC acquired a new business with low money and promising revenue numbers = Holocom Networks

- PTSC finally solved the dispute with Fish

- PTSC finally solved the dispute with Giffhorn - "Mr. Giffhorn sought damages of approximately $4,500,000 (excluding claims for punitive damages and attorney fees). On November 1, 2007, the Company and Mr. Giffhorn reached a settlement where Mr. Giffhorn was given $500,000 and 200,000 shares of restricted Company stock in exchange for a comprehensive release of all claims against the Company." (Did anyone wonder, why Giffhorn accepted this deal? It's absolutey unprofessional BS to think, Giffhorn didn't have any merits regarding his contracts just because he brought Swartz to Patriot, who is responsible for the toxic financing/dilution and thus the contracts with Giffhorn wouldn't be acceptable and he wouldn't deserve anything! Contract is contract, even if we don't like the results. But back to my point: Giffhorn wanted 4,5mio$, Patriot offered him 0,5mio$ cash and 200k shares - and he said "yes", strangewise on Nov, 1st...just when the "quiet period" was about to begin...??? Even if his claim was only valid for the half = 2,25mio$, the 200k shares would have to be equal to 1,7mio$...well, is a price PER SHARE of 8,-$...)

- PTSC was forced into several Re-Exams of their patents, which seemed to be dangerous for Patriot, but in the end due to the ex-parte situation Patriot/TPL are in a very strong position.

- The Markman Hearing was a strong success for the 336 and 148 patents

- The 548 patent left the scenery (together with ARM) to return via the Appeal and with strong arguments made by Moore - so far nothing can be said to the final outcome

- There are no more warrants (meaning in a significant amount) existing - Swartz only owns "real" shares

- Swartz reduced his ownership over the last two years (see next post "SPECULATION")

- In 2007 PTSC sold 16 licenses to global and well-known companies in Asia, Europe and the US

- Mr. Treddenick joined the Board of Directors to support PTSC

- PTSC ended the litigation with NEC, Toshiba and Matsushita = NO MORE litigation/disputes with Fish, Giffhorn and the J3!

- NO FINANCIAL DETAILS regarding the J3-settlement will be given in the coming 10Q next week - remember, they signed a NDA...