http://www.signonsandiego.com/uniontrib/20060324/news_1b24patriot.html

Patriot's goal is not to litigate, Pohl said, but to negotiate with other technology companies for the licensing rights to a group of related patents held jointly by Patriot and TPL.

There is such a mother lode out there to be mined that this doesn't concern us at the present time,” Pohl said.

The patents are valid through 2015, he added, and the joint venture has identified hundreds, if not thousands, of products that potentially infringe. Aside from desktop computers, notebooks and servers, Pohl said the list includes digital TVs, portable media players, DVD recorders and players, cell phones, microwave ovens, dishwashers, medical equipment and even automotive electronics.

The potential licensing revenue could be substantial, although Stanford's Lemley said the value of the deals disclosed by Patriot so far appear relatively minimal. He suggested the deals are being struck close to the “nuisance value” of the litigation itself.

“The thing about patent litigation is that it is extremely expensive – typically $5 million per side in legal fees,” Lemley said

Question: If Pohl was correct and PTSC's plan is still to negotiate and not litigate, and if deals are being struck close to the nuisance value…..what is that nuisance value X # of infringers still out there? Are we talking $5mill or less per license?

IF PTSC and TPL negotiated every deal for nuisance fees of, let’s say, $2million per license, and assuming 300 infringers----and also assuming 15% off the top for TPL’s “other” expenses…., then Carl takes the remainder and splits it into two piles..one for TPL and for PTSC. Assuming PTSC returns all to shareholders.

How much would we get? At this point and after all these years, would you be happy with only nuisance fees. I think yes.