Seeking Alpha

Patriot Scientific wins HTC patent infringement lawsuit

  • Patriot Scientific (PTSC.OB) rocketed 62% into yesterday's close after the company won its patent infringement lawsuit against HTC.
  • A jury in the US District Court of the Northern California found HTC’s devices infringed on multiple claims of Patriots ‘336 patent covering microprocessor technology and awarded Patriot $959K in damages.
  • The market is speculating that the award is a sign of things to come, demonstrating Patriot's potential in licensing/litigation of the technology. And, Patriot's lead lawyer, James Otterson, stated that the trial's damages only covered HTC products through 2011, although Patriot believes HTC's latest devices infringe as well.
Comments (3)
  • Deja Vu
    , contributor
    Comments (1540) | Send Message
     
    959k??? Oh wow, let me back the truck up to buy this OTC jewel
    4 Oct 2013, 08:52 AM Reply Like
  • Theodore Savas
    , contributor
    Comments (44) | Send Message
     
    I have owned this stock since the early 2000s, am an attorney, knew attorneys intimately involved with it, and know exactly what the company owns. All tech running faster than anything did in about 1985 runs with it, and all tech companies either did not know about the patents, or ignored them.

     

    One inside person described it as a patent on water, and while that is a bit optimistic, it is a set of amazingly powerful patents, especially the 336. They survived and were strengthened by 17 reexaminations, so validity is no longer an issue, and now a unanimous jury verdict for infringement--which in this case means all Texas Instruments and Qualcomm products also infringe (as do literally every other piece of tech).

     

    Read the history of this stock (which is wild), know it was off the market and nearly dead since 2006 because of a series of (politically motivated) reexaminations and some bad decisions by the BOD. Know now it is back, enforced, has both Markman and infringement litigation successes in different jurisdictions, and in sitting in the driver's seat.

     

    And the company used to pay dividends, and has announced it will do it again when the settlements and licensing comes in, as it has and will now, big time.

     

    And it is very cheap. Today. It won't be for long.
    4 Oct 2013, 10:22 AM Reply Like
  • ronran1
    , contributor
    Comments (8) | Send Message
     
    Ted Savas has said it all, but let me add my agreement. I've been a shareholder for more years than I like to count, but yesterday, PTSC took the first step on the road that could well lead to its recovery.

     

    Yes, there is more that needs to be done, but when there is a single path to success, that allows concentration of effort. As Ted has indicated, and I agree, there is major upside potential here. There is also, of course, the risk associated with penny stocks, but PTSC has a demonstrated history back in early 2006 that should be repeatable now that lessons of subsequent years have been learned.

     

    Obviously, everyone needs to take a look and decide for himself or herself. As for MYself, I'm holding my considerable number of shares for much higher levels. Best wishes to all.
    4 Oct 2013, 12:01 PM Reply Like
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