Old news but raises an important question.

Patriot's Dramatic Turn-Around Continues

"This strategically significant licensing agreement with Fujitsu further validates our confidence in the superb Alliacense team of licensing professionals. The financial benefits we have realized as a result of their Olympic-quality representation have made a major contribution to the fiscal strengthening of Patriot Scientific," said Pohl.

Patriot Scientific's market cap reached a level of $364.14 million as of the close of trading on March 1, 2006 -- having soared upward from $25 million in just over a month.

Last month, Patriot Scientific announced it would retire all outstanding debentures -- along with the signing of an agreement giving it the option to buy back what could amount to up to approximately 20 percent of the Company's total outstanding stock warrants. Additionally -- in an action which is virtually unprecedented among microcap stocks -- Patriot announced that it would pay a cash dividend of $.02 per share to shareholders and qualified warrant holders of record as of February 24, 2006. This payment will be issued on March 22, 2006.

Until mid-2005, Patriot had never before shown a quarterly profit, and had never before realized significant revenue from its seminal microprocessor innovations. However, in the past year, the Company's jointly owned patent portfolio has been successfully licensed - through its marketing alliance with The TPL Group's Alliacense division - to Intel, HP and AMD. These first licensing agreements have generated disbursements to Patriot of more than $25 million. Revenues from the recent Casio and Fujitsu licenses have not yet been disclosed.

http://www.design-reuse.com/news/12740/patriot-scientific-breakthrough-patent-licensing-agreement-fujitsu.html

We may not like the agreement made with TPL/Alliacense, however, based on the information in the article which says PTSC until mid 2005 had never before shown a quarterly profit…..how effective was PTSC in securing license agreements before the agreement and more importantly how effective will PTSC continue to be without them?

Would you agree that this is really about money and not so much the Master Agreement? If TPL has been diverting money that rightfully belongs to PTSC and Moore; and if TPL agrees to retro-pay and continue to pay under a different arrangement (beneficial to PTSC and Moore, then I don't see TPL/Alliacense going away.

Comments welcome.