Patriot Scientific Corp. (OTC: PTSC) Stock on Fire!...
posted on
Aug 24, 2012 02:24PM
http://www.zimbio.com/The+stock+market/articles/wNgREAfB1mC/Patriot+Scientific+Corp+OTC+PTSC+Stock+Fire
By Marco Magicon August 22, 20122012-08-22 09:54:47| From otcmagic.com
PTSC has been way to cheap for way to long but that looks like its changing!
Patriot Scientific Corp ( OTC: PTSC) is a Company that has been around for many years and used to be one of the or the biggest revenue producer on the OTCBB. The owner of the Moore Microprocessor Patent™ Portfolio used by Companies such as Intel and Hewlet Packard used to book as much as $30M in revenues but then the 3rd party vendors of the patents stopped paying PTSC and the Company has been in court since then.
The litigation which has been going on for years now has had its effect on the stock PTSC which reached highs of well over $2 per share back in 2006. Up until several weeks ago the stock traded little volume and was flat lined at around a dime. Then rumors and news from the court began to surface; PTSC is and has been winning many small battles in the current litigation and its beginning to look like a settlement. Wall Street catches on quick and the stock has been trading up in recent sessions.
Currently trading just under $0.20 PTSC seems to have momentum and volume on its side now as well as continued positive news it looks like the stock is making a strong move to the upside! Clearly someone knows something here and they are buying up huge blocks of stock on the open market.
Considering the valuable patents that PTSC holds and the super cheap current valuation of under $60M this company trades at; PTSC is a stock to watch for a big move to the upside. Remember this was a $2 stock several years ago and the lawsuit that has dragged this stock into the ground seems to be coming to a close in PTSC favor – settlement news would send this stock into the stratosphere!
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Patriot Scientific Corp. (OTC: PTSC) (frankfurt: PQE) has primarily been an intellectual-property licensing company with several patents covering the design of microprocessor chips. Chips with Patriot's patented technology are used throughout the world in products ranging from computers and cameras to printers, automotive and industrial devices. Current cash generation is predominantly licensing revenues from Patriot's Moore Microprocessor Patent™ Portfolio which contains intellectual property that is jointly owned with privately held The TPL Group. The MMP™ Portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is widely recognized that the MMP™ Portfolio protects fundamental technology used in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices. Patriot currently holds a 50% joint ownership in Phoenix Digital Solutions, LLC, the entity that records the license revenues for the MMP Portfolio. Patriot owns 46% of Holocom Networks, a company making security enclosures for secure networking applications, primarily to military, government agency and defense contractors. The Company acquired Crossflo Systems, Inc., a San Diego, California private software and services company noted for its innovative data-sharing solutions on September 1, 2008. Crossflo is building a base of clients in justice and public safety, and homeland security that have a critical need for secure, selective, scalable and nondisruptive data-sharing. In June 2009 Patriot Scientific announced the creation of Patriot Data Solutions Group (PDSG) replacing the Crossflo Systems name. The new company unites Patriot's acquired entities and software technologies into a portfolio encompassing best-of-breed data sharing technologies and services in public safety and justice. |
PTSC/TPL (via Alliacense) Licensees to-date
Advanced Micro Devices, Intel, Hewlett-Packard, Casio, Fujitsu, Sony, Nikon, Seiko Epson, Pentax, Olympus, Kenwood, Agilent, Lexmark, Schneider Electric, NEC, Funai, SanDisk, Sharp, Nokia, Bull, Lego, DMP Electronics, Denso Wave, American Power Conversion Corp, Philips, TEAC, Daewoo, WMS Gaming, Lite-On IT, Alpine, Toshiba*, Matsushita (Panasonic)*, Victor Company of Japan (JVC)*, Verigy, Humax, Psion, Tokyo Electron, DIRECTV, Mattel, Advanced Medical Optics, Citizen, Gerber Scientific, Emerson Radio, Research In Motion, Onkyo, Hoya, Bosch, Audiovox, Rockwell Automation, Respironics, ASUSTeK, Roper Industries, Unisys, Hoffmann-LaRoche, Varian Medical Systems, Pantech, ADC Telecommunications, Sanyo, Cardiac Science, Buffalo Technology, Alcon, Harman, TPV Technology, Textron, Force10 Networks, VTech, Blue Coat Systems, Caterpillar.
More on the lawsuit:
2012-07-24 |
13 Companies Cited for Infringement of MMP Portfolio(TM) in ITC Complaint The MMP Portfolio(TM) Licensing Program is Dramatically Strengthened Via Markman Victory and Filing of ITC and District Court Complaints CARLSBAD, California – July 24, 2012 – (PR Newswire)-Patriot Scientific Corporation (OTCBB: PTSC – News) announced today that the MMP Portfolio Licensing Program – already among the most successful of all-time – is being further enhanced with a first wave of aggressive ITC enforcement activities. Technology Properties Limited (TPL) and Patriot Scientific Corporation (PTSC), have filed a complaint with the US International Trade Commission (ITC) and corresponding complaints in the US District Court for the Northern District of California against 13 companies believed to be infringing the MMP Portfolio patents. The move defends the investments of the enormous MMP Portfolio licensee community of nearly 100 global industry leaders (with combined annual revenue of approximately $1.4 trillion), the investments of PTSC and TPL in the MMP Portfolio Licensing Program, and the investments of TPL in its own semiconductor product lines. The 13 ITC respondents are: Acer Inc., Amazon.com Inc., Barnes & Noble Inc., Garmin Ltd., HTC Corporation, Huawei Technologies Co. Ltd., Kyocera Corporation, LG Electronics, Nintendo Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., Sierra Wireless Inc., and ZTE Corporation. The three-pronged strategy includes: (1) a Complaint filed with the US International Trade Commission seeking an Exclusion Order prohibiting the importation of unlicensed products; (2) parallel actions in US District Court seeking damages for past infringement that includes past un-paid royalties — plus the interest which has accrued on those royalties — both tripled for willful infringement, plus attorney's fees; and, (3) the pursuit of injunctions in both the US District Court and the ITC barring the sale of infringing products in the United States in the future. These latest lawsuits come close on the heels of Alliacense's unprecedented series of 17 consecutive re- examination victories spanning six years of spurious attacks from a powerful group of serial infringers. And on June 12, 2012, the US District Court for the Northern District of California issued a "Markman" ruling, remarkable for its resounding defeat of the last-remaining ground being clung to by a recalcitrant group of unlicensed, serial infringers. In so doing, the Court aligns with the MMP Portfolio's 2006 Markman victory, handed down by Judge Ward in the US District Court for the Eastern District of Texas, and decisively confirms the claim construction arguments of the Alliacense Team. About the MMP Portfolio(TM) The MMP Portfolio patents, originated by The TPL Group in 1989, includes US, European and Japanese patents, covering techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles. Widely recognized as fundamental technology, the sweeping scope of MMP Portfolio(TM) technologies continues to encourage the world's leading companies to become MMP Portfolio(TM) licensees. Learn more: customerservice@alliacense.com. About Patriot Scientific Corporation Headquartered in Carlsbad, California, Patriot Scientific Corporation (PTSC) is the co-owner of the MMP Portfolio(TM). For more information on PTSC, visit www.ptsc.com. About Alliacense Alliacense is the recognized leader in the design and execution of Intellectual Property (IP) licensing programs, and delivers peerless IP project support and reverse engineering services. As a cadre of IP licensing strategists, technology experts, and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of IP portfolios under management. Learn more: www.alliacense.com. About The TPL Group Founded in 1988, The TPL Group has evolved as a coalition of technology-based enterprises dedicated to the development, management and commercialization of proprietary technology, and the design, manufacture and sales of proprietary products based on those IP assets. Among the advanced products that TPL brings to market are multi-core microprocessors, memory management and control devices, advanced hearing and listening solutions, energy efficient computing architectures, encryption storage products, sub-wavelength acoustic transducers, wafer-level packaging, and solderless PCB-assembly technology. Learn more: www.tplgroup.net. Safe Harbor Statement: Statements herein which are not purely historical, including statements regarding Patriot Scientific Corporation's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that the recently filed actions and newly implemented strategy may not be successful or result in additional revenues for the Company. It is important to note that the Company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, patent litigation, technical development risks, and seasonality. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the Company's SEC reports including, but not limited to, the annual report on Form 10-K for the year ended May 31, 2011, and the quarterly report on Form 10-Q for the period ended February 29, 2012. The Company cautions investors not to place undue reliance on the forward-looking statements contained herein. Patriot Scientific Corporation disclaims any obligation, and does not undertake to update or revise any forward-looking statements made herein. Contact: Go PTSC Onwards and Upwards! Cheers |