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Recent patent rulings could open the flood gates for this 30 cent stock. Several licensing deals
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Recent key developments include:
- August - September 2009. The USPTO indicates it will issue a Reexamination Certificate for the US'336 "Dual Asynchronous Clock" patent, ending reexaminations filed by NEC, Toshiba, and the Public Patent Foundation; while rejecting another attempted attack by litigant HTC.
- July 2009. The USPTO issues a Reexamination Certificate for the US'584 "Multiple Instruction Fetch" patent over the reexaminations filed by litigants NEC and Toshiba.
- January 2009. The German Patent Court confirms the validity of MMP Portfolio patent EP'730 rejecting a "nullity action" brought by Deutsche Telecom.
Combined with favorable "Markman" Rulings in the Eastern District of Texas in 2007 and the steady addition of new licensees since the launch of the Licensing Program in 2005, the MMP Portfolio continues to represent one of the most important electronic patent portfolios.
"We are pleased that the US Patent Office action has strengthened the MMP Patent Portfolio," said Rick Goerner, Patriot's President/CEO. "This outcome represents an extremely positive development and which we believe will significantly strengthen the MMP Portfolio(TM) Licensing Program moving forward."....
Following the press release above, they then announced three licensing deals in Oct.
Patriot Scientific Corporation Announces Three Purchases of Moore Microprocessor Patent(TM) Portfolio LicensesPR Newswire(Mon, Oct 5)
Excerpt: The agreements follow a string of successes in the reexamination of the MMP Portfolio(TM) patents by the USPTO and German Patent Court. In the past 9 months, the German Patent Court affirmed the validity of EP'730, and the USPTO has affirmed the validity of both US'584 and most recently US'336.
Despite the risk of willful infringement in cases where companies delay licensing decisions on the basis of reexams, companies have been awaiting the outcome of US'336 and are now reengaging in licensing discussions in light of the escalating royalty rate structure of the MMP Portfolio(TM) Licensing Program.
Harman Industries is a worldwide leader in the manufacture of high-quality, high-fidelity audio and electronic products for automotive, consumer and professional use. TPV Technology is a leading display solution provider, specializing in design and production of a wide spectrum of desktop monitors and LCD TVs. Textron Inc. is one of the world's best known multi-industry companies, consisting of numerous subsidiaries and operating units and known by familiar brand names, including Bell Helicopter, Cessna Aircraft, Greenlee and E-Z-GO, among others.
Other recent favorable news in the last qtr:
Patriot Scientific Corporation Announces Alcon Inc.'s Purchase of a Moore Microprocessor Patent(TM) Portfolio LicensePR Newswire(Thu, Sep 10)
• Patriot Scientific Corporation Announces Buffalo Technology Inc.'s Purchase of a Moore Microprocessor Patent(TM) Portfolio License
PR Newswire (Fri, Aug 14)
Patriot Scientific Corporation Announces Cardiac Science Corporation's Purchase of a Moore Microprocessor Patent(TM) Portfolio License
PR Newswire (Wed, Jul 29)
| Symbol | Price | Change |
|---|---|---|
| PTSC.OB | 0.3080 | -0.0120 |
| Volume: | 1,504,388 |
|---|---|
| Avg Vol (3m): | 718,753 |
Financials:
Really not tracking it because of it's earnings, although not all that bad.
Patriot Scientific Corporation Releases Fiscal Year ReportPR Newswire(Fri, Aug 14)
The Company's results included $5.4 million in revenues, compared to $3.7 million for the prior year.
Regarding Balance sheet, not much to write home about, but at least debt is under control.
| Balance Sheet | |
| Total Cash (mrq): | 6.27M |
| Total Cash Per Share (mrq): | 0.015 |
| Total Debt (mrq): | 3.04M |
| Total Debt/Equity (mrq): | N/A |
| Current Ratio (mrq): | 7.796 |
| Book Value Per Share (mrq): | 0.072 |
PE nothing great, but at least they got one
| P/E (ttm): | 154.00 |
|---|---|
| EPS (ttm): | 0.002 |
A fair read from yahoo boards:
Re: Intrinsic value of PTSC is now $3.28
17-Sep-09 01:28pm
I would agree... $1.00 -1.25 is a good target area for a run but I think its going to hold in the .60's and move up with signings from that point... I do like this climb thoug... I don't think you will see a pullback to .10 or anywhere near that... There are just not that many shares dow here and its got good solid news and a good outlook... Now if they don't sign some deals in the next 30 days all bets off... but if sigining start rolling in with higher charges just as they said they would then game on...
Technically:
Currently, we observing recent pullback support at .30 following the latest run that resulted from the Oct 5th licensing news.
We liked the way it repeatedly bounced off of it today. Should it do so again Oct 7, expect a higher low to develop vs .26 support level last week following the runup to .40 range back in September.
Bottom Line: Like the fact recent press releases have sparked dramatic runups. We expect more licensing deals into Oct / the fall. Focus on extended support at .30 presently. Expect the stock to challenge it's 52wk high of .42, where it ran to back in Sept, as more licensing news hits.
About the MMP Portfolio
The Moore Microprocessor Patent Portfolio contains intellectual property that is jointly owned by the privately-held TPL Group and publicly-held Patriot Scientific Corporation (OTCBB: PTSC - News). 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. Manufacturers of microprocessor-based products can learn more about how to participate in the MMP Portfolio Licensing Program by contacting: mmp-licensing@alliacense.com.
About Patriot Scientific
Headquartered in Carlsbad, California, Patriot Scientific Corporation provides data sharing and secure data solutions for a connected world. Patriot Scientific addresses the expanding market opportunities in the healthcare, justice and public safety industries through its wholly owned subsidiary Patriot Data Solutions Group, Inc. These growth activities are funded with revenues generated, in a large part, from the continuing successful Moore Microprocessor Patent(TM) Portfolio licensing partnership with The TPL Group. Patriot Scientific's integrated core intelligence solution addresses the critical data/information sharing needs of the healthcare industry, the Department of Homeland Security, the Department of Justice, and federal, state, and local public safety and law enforcement agencies. For more information on Patriot Scientific Corporation, visit: www.ptsc.com.
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