2 Milliarden $: Patriot Scientific gegen intel
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Viele Grüße Abenteurer
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18-Oct-2005
Other Events
Item 8.01 OTHER EVENTS.
On September 23, 2005, Lowell Giffhorn, a former executive officer and a current director of Patriot Scientific Corporation (the "Company"), submitted a demand for arbitration with the American Arbitration Association related to the termination of Mr. Giffhorn's employment with the Company. Mr. Giffhorn asserts that the termination of his employment with the Company was unlawful, retaliatory, wrongful, violated public policy, violated the covenant of good faith and fair dealing and violated securities laws. Mr. Giffhorn demands damages of $1,500,000, which amount constitutes approximately 25% of the Company's current cash reserves. The Company intends to vigorously defend itself with regard to these claims. The parties are currently in the process of selecting arbitrators. The amount, if any, of ultimate liability with respect to the foregoing cannot be determined. Despite the inherent uncertainties of litigation, the Company at this time does not believe that the foregoing will have a material adverse impact on its financial condition, results of operations, or cash flows.
Lasst Euch nicht abschrecken.
Abenteurer
http://www.otcbb.com/asp/Info_Center.asp
Gruß BarCode
http://www.otcbb.com/asp/Info_Center.asp
Gruß BarCode
Viele Grüße Abenteurer
Deshalb bleibe ich investiert und erhöhe bei Rückschlägen die Aktienanzahl.
Heute erwarte ich auf jedenfall einen Sahnetag im Amiland !!
Viele Grüße Abenteurer
...damit man nicht so lange rumsuchen muss.
http://biz.yahoo.com/e/051024/ptsc.ob10qsb.html
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infolive! Aktuelle Nachrichten
Quelle: www.yahoo.com
http://biz.yahoo.com/bw/051025/256320.html?.v=1
Press Release Source: Patriot Scientific Corporation
Patriot Scientific Dismisses Lawsuits Against Major Electronics Equipment Manufacturers
Tuesday October 25, 9:36 pm ET
Strategic Move in Management of Patent Portfolio Litigation
SAN DIEGOSAN DIEGO--(BUSINESS WIRE)--Oct. 25, 2005--Patriot Scientific Corporation (OTCBB:PTSC.OB - News) a high-tech intellectual properties company that specializes in developing high-performance, ultra-low power microprocessor technology, has announced the voluntary self-dismissal of its lawsuit against Fujitsu Computer Systems, Inc.; Matsushita Electric Corporation of America; NEC Solutions (America) Inc.; Sony Electronics Inc.; and Toshiba America Inc.
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Patriot Chairman, CEO and President David Pohl announced that the company has dismissed the action which had been pending in Federal District Court in Oakland, California. This case sought damages in excess of several hundred million dollars for claimed infringements involving patented microprocessor design technology held within Patriot Scientific's intellectual property portfolio."
In June, 2005, Patriot Scientific and The TPL Group, a global intellectual property management company, created a joint venture that resulted in the unified ownership of the portfolio. As a result, the TPL Group was assigned the management of the marketing, licensing and defense of these patents.
"Patriot reviews regular reports detailing the activities of The TPL Group on behalf of our unified portfolio and the series of microprocessor patents that are at the heart of a global $200 billion-plus microprocessor end-use market," Pohl pointed out, "and we are pleased with the significant effort that TPL is making. Having seen the effectiveness of The TPL Group in operation, it is Patriot Scientific's opinion that infringement lawsuits regarding the patent portfolio will be very capably managed by The TPL Group," Pohl explained. "Monday's strategic action is consistent with the cooperative spirit of the agreement we reached with TPL in June 2005."
In connection with this strategic decision, The TPL Group today announced it has filed broad-based intellectual property claim in the US District Court, Eastern District of Texas against a group of major Japanese electronics manufacturers. The broad-based claim cites Fujitsu, Matsushita, NEC Toshiba and their affiliates for direct infringement, contributory infringement, and inducing the infringement of at least three of the ten patents jointly owned with Patriot Scientific Corporation and contained in the Moore Microprocessor Patent(TM) (MMP) Portfolio, specifically
4 U.S. 5,784,584: Multiple Instruction Fetch
4 U.S. 5,809,336: Clocking CPU and I/O Separately
4 U.S. 6,598,148: Use of Multiple Cores and Embedded Memory
The cited infringements pertain to a wide variety of end-user products including personal computers, servers, workstations, home theater systems, digital TVs, video games, DVD Recorders/Players, mobile handsets and automotive electronics.
The Eastern District of Texas and the Eastern District of Virginia are noted for their Local Rules structure, which makes it more difficult for large corporate infringers to engage in the dilatory and delaying tactics often used to disadvantage individual patent holders. Thanks to the Local Rules structure, these Districts enable patent infringement cases to move to trial in nine to twelve months, thus earning both Districts the common nickname of "Rocket Docket."
About the MMP Portfolio
The MMP portfolio contains intellectual property that became jointly owned by the privately held TPL Group and publicly held Patriot Scientific in a settlement between them in June 2005. Both TPL and Patriot assert that their jointly owned patents have long been essential to the design of advanced microprocessors, digital signal processors, embedded processors and system-on-chip devices. Global sales of end products deploying chips using technologies protected by the jointly owned patents are estimated to be greater than $200 billion annually. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise. While major microprocessor manufacturers such as Intel (NasdaqNM: INTC - News) and Advanced Micro Devices (NYSE: AMD - News) were early MMP Portfolio licensees, Alliacense is now focusing its licensing efforts on system manufacturers such as the four defendants cited in the broad-based complaint filed yesterday.
About Patriot Scientific
Patriot Scientific (OTC Bulletin Board: PTSC.OB - News) has emerged as an effective and dynamic intellectual property company, developing and marketing innovative and proprietary semiconductor technologies. The company's portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology and architecture.
Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at www.hawkassociates.com and www.americanmicrocaps.com. An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/patriot/profile.htm
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
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Contact:
Attention Group
Media Relations
Daryl Toor, 770-777-9489
dtoor@attentiongroup.com
or
Hawk Associates
Investor Relations
Frank Hawkins or Julie Marshall, 305-451-1888
info@hawkassociates.com
Zusätzlich ist die Wahl der Gerichtsorte sehr gut....beide (Texas und Virginia District) sind durch eigene lokale Gesetze bestens geeignet für einen Sieg vor Gericht.
Persönlich glaube ich dass Fujitsu, Nec, usw, nicht so glimpflich davonkommen werden wie AMD und Intel....schätze dass die nationale Ader bei den vorherigen Abkommen nicht zu untercshätzen war. Bei den Japanern ist dies anders. Mal abwarten !!
Mein Wunsch wäre dass Fujitsu, usw., zu jährlichen Lizenzbezahlungen verurteilt oder einverstanden wären...und nicht wie AMD und Intel nur zu einer einmaligen Zahlung.
infolive! Aktuelle Nachrichten
Quelle: http://www.yahoo.de
Press Release Source: Patriot Scientific
Patriot Scientific Reports Order-of-Magnitude Revenue, Profitability in Q1 2006
Wednesday October 26, 2:37 pm ET
SAN DIEGO--(BUSINESS WIRE)--Oct. 26, 2005--Patriot Scientific Corporation (OTC Bulletin Board: PTSC.OB - News), which recorded its first-ever profitable quarter in Q4 of its fiscal 2005, has now recorded growth that includes an "order-of-magnitude" increase cash-on-hand in its 2006 Q1, as well as equally dramatic growth figures in revenue and profitability in Q1 of 2006.
"The latter half of our FY 2005 and the first quarter of FY 2006 represented a turning point for Patriot Scientific," Chairman, CEO and President David Pohl stated. "In a process that concluded during the three months ending on August 31, Patriot resolved several issues related to ownership and use of its patented technologies. Patriot has recently entered into two significant patent-license agreements, one in February with AMD and one in June with Intel. These licenses resulted in approximately $13,000,000 in aggregate revenues."
Through May 31, 2005, Patriot Scientific incurred repeated net losses and used significant amounts of cash in its operations. Historically, Patriot has been forced to rely upon equity and other types of financing to fund its operations - often at unfavorable terms due to Patriot's past less than desirable financial condition.
"As we explained in our just-issued 10-Q filing," Pohl noted, "Patriot has undergone a dramatic transformation in operations since the beginning of this Fiscal Year. This is reflected in the financial results which we are pleased to report for the most recent quarter.
Some of these specific financials include:
Cash and equivalents on hand - $9.47 million dollars on August 31, 2005 - up from $0.09 million on the same date in 2004 - this is literally an order of magnitude greater in 2005 than 2004.
Total current assets - $11.95 million dollars at the end of Q1 2006 - up from $3.61 million at the end of Q4 2005 - growth that represents a near-tripling of current assets within the span of a single quarter.
Total assets - $11.95 million dollars on August 31, 2005 - up from $3.72 million on May 31, 2005 - this represents nearly a tripling of assets in just three months.
"We achieved this growth while maintaining current liabilities at virtually the same level from the close of FY 2005 - $1.77 million in Q1 2006 versus $1.69 million in Q4 2005," Pohl said. "In connection with this dramatic improvement in our cash position, we were able to invest in the joint venture with The TPL Group to commercialize our robust patent portfolio. In spite of first-quarter operating expenses of $5.62 million dollars as compared to expenses of $0.51 million in the same quarter in FY 2005, the company still showed a net income gain of $4.44 million dollars over same-quarter prior year.
"This transformation represents a complete reversal of previous patterns of deficit operations funded by shareholder investments and related financial instruments," Pohl said. "This change is built around a new Board-level strategy that has focused on cooperation, rather than confrontation - an approach that has almost immediately paid handsome dividends for Patriot Scientific.
"Part of this new strategy called for the replacement of Patriot's previous executive team, accomplished early in Q1," Pohl explained. "This largely smooth transition paved the way for both the new licensing agreement and the new patent-marketing joint venture, both of which had been blocked by the previous strategy of confrontation and aggressive lawsuit-based defense of our patent portfolio. While the former strategy had once seemed to offer real promise of asset growth and operational flexibility, it became clear in the last half of FY 2005 that focusing so much of our efforts and destiny on this strategy no longer served the best interests of the company or its shareholders," Pohl observed. "The agreement we entered into with the TPL Group in June 2005 results in their taking on responsibility for the confrontation and lawsuits when appropriate."
"We of course must make the cautionary disclaimer that recent past performance provides no guarantee of continued future performance," Pohl noted. "However, we believe that our revenue influx in Q1 increased our cash position to a level that will provide us with more than adequate funds needed to support our operations during the next 12 months."
About Patriot Scientific
Patriot Scientific (OTC Bulletin Board: PTSC.OB - News) has emerged as an effective and dynamic intellectual property company, developing and marketing innovative and proprietary semiconductor technologies. The company's portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology and architecture.
Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at www.hawkassociates.com and www.americanmicrocaps.com. An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/patriot/profile.htm.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
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Contact:
Patriot Scientific
Media Relations
Attention Group
Daryl Toor, 770-777-9489
dtoor@attentiongroup.com
or
Investor Relations
Hawk Associates
Frank Hawkins, 305-451-1888
info@hawkassociates.com
or
Julie Marshall, 305-451-1888
info@hawkassociates.com
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Source: Patriot Scientific
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