Patriot Scientific der Highflyer 2006
Die US-Notenbank hat entsprechend regagiert und allen Unkenrufen von Inflation zum Trotz die Zinsen heute gleich mal um 0.75 Basispunkte gesenkt. Ah Bravo, sage ich da. Dort versteht man die Bedeutung einer wirklich unabhängigen Geldpolitik, die sich nicht an Omas Sparbuch orientiert, sondern auf wirtschaftliche und markttechnische Gegebenheiten reagiert.
Was Deine PTSC-Analyse angeht, nun Dir Deine Meinung. Ist mir ja im Moment sogar sehr recht, wenn Menschen wie Du rumlaufen und solche Thesen verbreiten - weiter so, dann hab ich meine 80 K neuer PTSC-Aktien bald zusammen.
Je öfter ich solche wahrhaft lächerlichen Geschäftsanalysen lese, desto mehr bestärkst Du mich in der Annahme das es genau in dieser Zeit beste Einstigesmöglichkeiten gibt. Vielleicht sollte ich noch eine Lebensversicherung kündigen und die Kohle hier rein hauen - Geschwätz wie Deines kenne ich schon aus dem AK-Steel-Thread.
Grüße Abenteurer
Geil ist das, da kriegst du dann locker über 100K weitere Shares, Abenteurer.
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Wertpapier: Patriot Scientific |
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Wertpapier: Patriot Scientific |
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Majority Leader Harry Reid Plans to Move Quickly on Patent Reform: In the first work period of the Senate, Reid intends to move on patent reform (after handling the defense appropriations bill and economic stimulus). “Once we work these issues out, time permitting, we will also turn to two other priorities in this first work period: patent reform and an energy package.” Perhaps appropriately, Reid’s concept of invention is tied-up with entrepreneurs: “On patent reform, we must carefully strike the right balance with a bill that promotes rather than blocks innovation from enterprising entrepreneurs.” In Reid’s view, the bills should have become law in 2007: “If not for the obstruction of just a few Senators, we would have passed these bills last year. I am hopeful that the overwhelming majority of Senators – Democrats and Republicans alike – will have their voices heard this year.”
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Posted by: Albie on January 23, 2008 03:56PM
The file has now been moved to : RECORD ROOM 308-2733
Before it was in the Franconia thing....
IMO, USPTO is ready to rule on validity, volume is tight, we will know soon enough.
Aparently on the 148, it too has been moved to that same USPTO room.
GLTAL
Scheint sich was zu bewegen.
Grüße an alle Nervenstarken,
Abenteurer
MMP License Fees & PTSC Shares Repurchased (repost)
Posted by: BaNosser on January 24, 2008 07:10PM
Props to Lambert & DotOB (attempt to tweak format)
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U.S. Court of Appeals for the Federal Circuit
TECHNOLOGY PROPERTIES V MATSUSHITA
2008-1020
Click Here for Listing of Briefs
Click Here To Search Again
The following documents, filed after 8/13/07, are available for download:
official caption, entry of appearance, certificate of interest.
No other case documents are available electronically.
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Date History
2/7/2008 Due CORRECTED BRIEF
12/10/2007 Appellant Principal Brief Filing Date
/ / Appellee or Cross Appellant Principal Brief Filing Date
/ / Appellant Reply Brief Filing Date
/ / Cross Appellant Reply Brief Filing Date
/ / Appendicies Filing Date
/ / Disposition: ; by
/ / Mandated on
>> Please Note: The briefs above are only the most current. <<
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--- >> Please Note: Motions & Actions Filed are listed first. Entries are listed last.<<
1/15/2008 MOTION: Entry 44 :by Appellees - Motion to Dismiss Matsushita Electrical Industrial Co., Ltd., Panasonic Corporation of North America, and JVC Americas Corporation from this Appeal. SERVICE : by Mail on 1/15/2008
10/26/2007 MOTION: Entry 30 :by Appellee - Unopposed Motion to revise the Official Caption. SERVICE : by Mail on 10/26/2007
11/5/2007 ACTION: Entry 36 :Motion granted. Revised official caption is reflected in the order. By: Clerk.
. >> Entries for Case Number: 2008-1020 <<
Entry 49 : 1/24/2008 : Revised Certificate of Interest filed for the appellee, Arm, Ltd. and Arm, Inc.
. SERVICE : by Mail on 1/24/2008
. DOC : : Technology Properties 2008-1020 (1.24.08 COI ARM).PDF
Entry 48 : 1/24/2008 : Entry of appearance for Brian H Pandya as counsel on behalf of the appellee, Arm, Ltd. and Arm, Inc..
. SERVICE : by Mail on 1/24/2008
. DOC : : Tech Properties 2008-1020 (1.24.08 EOA PANDYA).PDF
Entry 46 : 1/22/2008 : Appellee's letter notifying court of possible settlement between parties. (sent to ssa)
. SERVICE : by Hand on 1/22/2008
Entry 45 : 1/22/2008 : Letter of Appellees (Toshiba et al.) informing the court of the dismissal of remaining claims between Toshiba appellees and Appellants in District Court (order attached) and that Toshiba will not be filing a brief. (sent to ssa)
. SERVICE : by Mail on 1/22/2008
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It appears that Toshiba may also eventually be dismissed
Hat jemand eine Meinung dazu ?
Kawasaki (aktiencheck.de AG) - Der japanische Chip-Hersteller NEC Electronics Corp. (ISIN JP3164720009/ WKN 812960), eine
Leser des Artikels: 37
Kawasaki (aktiencheck.de AG) - Der japanische Chip-Hersteller NEC Electronics Corp. (ISIN JP3164720009/ WKN 812960), eine Tochter der NEC Corp. (ISIN JP3733000008/ WKN 853675), hat seinen Verlust im dritten Fiskalquartal angesichts erfolgreich durchgesetzter Kostensenkungsmaßnahmen deutlich verringert.
Wie der Konzern am Montag nach Börsenschluss mitteilte, belief sich der Nettoverlust im Berichtszeitraum auf 936 Mio. Japanische Yen (JPY), gegenüber -5,8 Mrd. JPY im Vorjahr. Das operative Ergebnis verbesserte sich von -3,8 Mrd. JPY auf 3,0 Mrd. JPY. Der Umsatz fiel dagegen um 4 Prozent von 177,9 Mrd. JPY auf 170,8 Mrd. JPY.
Für das laufende Geschäftsjahr stellt der Konzern unverändert einen Nettoverlust von 15 Mrd. JPY, ein ausgeglichenes operatives Ergebnis und Erlöse von 690 Mrd. JPY in Aussicht.
Die Aktie von NEC Electronics beendete den Handel heute in Tokio bei 1.872 JPY (-3,80 Prozent) und die von NEC bei 422 JPY (-6,01 Prozent). (28.01.2008/ac/n/a)
How to Read Our Financial Reports
Patriot Scientific has a complex business structure, so our financial reports can be a bit confusing. At first glance it might look like the company brought in only a few hundred thousand dollars in revenue for an entire year. Or it might seem like we’ve incurred big losses in a given period. A quick 5-10 minute reading of our quarterly or annual reports often leaves readers with the wrong impression. So here’s a quick primer.
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Patriot gets virtually all of its income from licensing activity. For most intents and purposes that’s our only business. We get a relatively small amount of revenue from sales of our chips and from sales of secure-networking products sold through SSDI. But although our actual business is very simple our financial statements make it look considerably more complex. Here’s why:
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Patriot is affiliated with two other companies: Scripps Secured Data Inc. (SSDI, also called Holocom Networks) and Phoenix Digital Solutions (PDS). We include the results from both of these companies in our own financial statements, in addition to Patriot’s own sales and expenses. So in a sense, we have three businesses, each with their own sources of operating results.
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SSDI We consolidate the results of SSDI, meaning we treat and report SSDI’s revenues and expenses as if they were our own. SSDI’s sales get added to ours, and their costs get added to our costs. Strictly speaking, Patriot doesn’t own SSDI but we do have a financial interest in the company and we exert some control over its management. Therefore, the accounting rules say that we must consolidate SSDI’s numbers into our own, even though it’s a small part of our business and we don’t own SSDI in the way that one might normally think.
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PDS We include PDS results as equity in earnings of an affiliated company, below our operating income line as a component of “other income.” That means we don’t show or consolidate PDS revenues or expenses into our financial statements like we do with SSDI. Instead, we treat PDS much like an investment that pays us dividends. PDS is just a holding company (it has no employees) in which we have an equity interest. We formed PDS to collect the licensing revenue, pay expenses associated with generating this revenue, and distribute the proceeds to Patriot and our partner company, TPL Group. So although PDS is our major source of
income, it appears on the financial statements as if it was a distant, arms-length investment. In fact, it’s our most important asset.
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Patriot Finally, we have our own “parent” company expenses and the small revenues from sales of our microprocessor chips, to which the SSDI revenues and expenses are added as described above.
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Because the money coming in from SSDI (as “sales”) is much smaller than the licensing results coming in from PDS (as an “investment”), our top-line revenue figures look funny. For example, in fiscal year 2007 Patriot reported net sales of just $638,784 – hardly enough to keep the lights on! What’s more significant is the $49 million we got from licensing during the same period, but which shows up way down the operating statement under “other income.”
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Because of that tiny sales figure, our statement of operations shows an operating loss of $14,763,839. In actual fact, we earned $48,965,084 from licensing activity and, after accounting for all other expenses and taxes, made a net profit of $23,691,187. That’s clearly more significant that the “operating loss” shown in the annual report. Overall, Patriot reported assets of over $34 million and earnings of $0.06 per fully diluted share for fiscal 2007 – obviously a solidly profitable company.
To summarize, Patriot gets almost all of its income from licensing activity, which appears on our statement of operations in the “other income” section, below the revenue and operating expense sections.
Conversely, our top-line “revenue” is a very small portion of our business, even though that’s where most companies would show their main source of income. Patriot’s microprocessor sales and SSDI’s networking sales bring in comparatively little revenue, yet they’re consolidated into our financials making it appear as if it was our main line of business. SSDI’s employees even get counted as Patriot staff when reporting our total headcount.
Patriot Scientific Corporation’s business model is really quite straightforward and the company is profitable. We encourage investors and analysts examining our financial results to look a bit deeper than the traditional first-page numbers to get a true picture of the company’s operations and value.
To Shareholders of Patriot Scientific Corporation . . . .
As we start a new year, we want to share with you our optimistic outlook for what lies ahead for Patriot and our shareholders. Calendar year 2007 ended with a flurry of welcome activity on the licensing and litigation fronts, and 2008 started off on a positive note as TPL signed another MMP patent portfolio licensee in the very first week of the new year.
· For the past 2+ years, Patriot has enjoyed profitability due primarily to the licensing revenue produced by the successful efforts of our licensing partner, The TPL Group. As a result, we are in a very good position financially. During this time period, Patriot has paid three cash dividends to our shareholders, we have substantial cash in the bank, we have no significant debt, all major litigation has been resolved, and our books and records are SOX-compliant. In other words, our shareholders can take pride in the fact that Patriot is clean as a whistle.
· In 2007, TPL brought in 20 new licensees, bringing the total licenses to Patriot through our licensing joint venture to 34. Humax of Korea and Psion of the UK became our first licensees in 2008, following a busy 2007 year end that brought in four licenses in 10 days. Through the continuing efforts of our aggressive licensing partner, we expect to welcome more companies into the prestigious group of MMP licensees .
· 2008 finds us in a better position to build a dynamic and exciting future for Patriot and it is our intent to do that. Our M&A search activity is being expanded by our having initiated efforts to engage an investment banking firm to help introduce us to candidate companies. We have already looked at a number of companies and are cautiously evaluating financial information. The range of companies we have looked at and will continue to focus on includes some in various areas of technology, early-stage investment, companies with established business operations, and interesting business units that offer opportunity for growth and profitability.
· In July, 2007, we advised you of pending federal legislation regarding the 2007 Patent Reform bill, which we believe if passed would negatively impact the future success of our licensing program. TPL has devoted an enormous amount of time to this issue and has prepared very valuable information, which is posted on their website. We encourage everyone to view and consider the information on TPL’s website at http://www.tplgroup.net/legislation. You can help by writing to your Senators and Congressional Representatives sooner rather than later, as time is of the essence. We are attaching a copy of TPL’s suggested letter for your reference if you wish to write a letter about this important legislation.
· We have once again considered the matter of dividends according to the dividend policy announced last year by our Board of Directors, and we have currently decided that now is not the right time to pay out a dividend. It is the Board’s opinion that Patriot’s cash and the interests of our shareholders are better served by finding the right M&A acquisition and growing the company. As licenses continue to grow in number, we expect to continue to revisit the matter of dividend payouts. It will always be the intent and policy of this management and Board to utilize Patriot’s funds responsibly with the best interests of our shareholders in mind. When we believe it to be a prudent use of corporate funds to pay a dividend to reward our shareholders, we will definitely do so.
· The Company is currently unable to repurchase Patriot shares in the market at this time due to the same blackout period that currently prevents insiders from stock transactions, but we previously engaged in a share buy-back program until the last quarter of 2007. Both the buy-back and dividends were significant because, to our knowledge, no other bulletin board companies have ever taken such actions.
· We certainly share the frustration expressed by many of our shareholders regarding the share price of our common stock. Management and the Board of Patriot feel that Patriot stock is currently undervalued, and we hope that our activities in the near future will lead to increased investor confidence that will be reflected in a higher share price.
· Shareholders will soon be receiving 2007 Form 1099-DIV for the dividends paid by Patriot in 2007. This form will be sent to you either from your brokerage firm or directly from our transfer agent, Interwest Transfer Co. The forms have been reviewed carefully at Patriot and reflect accurately the taxable character of the reporting for 2007.
· In closing, we would like to add a note of reassurance to those shareholders who noted that no press release was issued for the 10Q recently filed. Although no press release was issued during the flurry of other activity that was going on at the time, we want to assure you that in the future we will make sure that Patriot issues a press release on all of our SEC 10K and 10Q filings.
We appreciate your continued support,
The Executive Committee, Board of Directors