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Message: Patriot Scientific Corporation Announces ADC Telecommunications' Purchase MMP
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Re: ADC Telecommunications 10Q

posted on May 12, 2009 01:15PM

Did you notice in the report that they had a 17 million dollar writedown of auction rate securities and other investments. I imagine there are many who got burned with ARS. ADC has chosen to write it off as a non receivable. I wonder how PTSC will report in year end.

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