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  • PTSC Has Potential 0 comments
    Oct 6, 2013 2:38 PM | about stocks: PTSC

    Patriot:

    Patriot Scientific Corp. (OTC: PTSC) 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.

    Patriot currently holds a 50% joint ownership in Phoenix Digital Solutions, LLC, the entity that records the license revenues for the MMP Portfolio and 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 .

    Visit patriotscientific.com for more info.

    On a current market cap of $69.91M, the company sent the stock flying off its $0.10 base to a high of $0.248 before droping back down into the close, after announcing winning its patent lawsuit against HTC Corporation due to infrigements related to the Patriot's US 5,809,336 patent. This patent is one of several patents that are part of a larger portfolio held by the company, known as the Moore Microprocessor Patent (NYSE:MMP).

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    Their good news are ending up a series of little battles they´ve been holding for years related to the payment from 3rd party vendors on their mentioned product (Intel and Hewlet Packard use it). So a company that used to book as much as $30M in revenues seems to send a clear message to Wall Street, by buying up huge blocks of stock on the open market to hit the sky as proper.

    Conclusion:

    Currently trading a $o.19, their rise is on the move considering their valuable patents and good low current valuation $60M Patriot trades at. Also, take into account that a different panorama comes out of solving court related issues and that the company´s problems even affected their stock at a point, now giving a hint of what´s about to come. Patriot is on the run!!

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: PTSC
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