Patriot Scientific der Highflyer 2006
Patriot Scientific Corporation Releases Second Fiscal Quarter Report
CARLSBAD, Calif., Jan. 11 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) today reported the filing of its report on Form 10-Q for its second fiscal 2010 quarter ended November 30, 2009.
For the three and six month periods ended November 30, 2009, the Company's revenues were $0.1 and $0.2 million, respectively, compared to $1.9 million and $3.2 million, respectively, for the same periods in the prior fiscal year. The decrease in revenues is primarily attributable to the May 2009 deconsolidation of Holocom, Inc., and its exclusion from the consolidated operating results.
For the three and six month periods ended November 30, 2009, the Company's net loss totaled $2.7 and $4.7 million, respectively, compared to a $0.9 million net loss and net income of $2.3 million, respectively, for the same periods in the prior fiscal year. The Company's cash, cash equivalents and marketable securities increased by $2.5 million to $19.4 million during the current fiscal year.
The Company's net loss of $2.7 million during the current quarter included non-cash charges totaling $5.1 million for impairment of goodwill and intangible assets associated with Patriot Data Solutions Group ("PDSG") and Avot Media preferred stock. In May 2009, the Company changed its method of accounting for the investment in Holocom. This had no impact on the Company's net operating results for all fiscal periods presented.
The Company is undergoing review of the PDSG subsidiary and has hired Eclat Consulting LLC to provide a business assessment. The PTSC Board also retained outside expertise to validate the technical attributes of PDSG's core product offering, CDX.
"This has been an exceptionally challenging period for Patriot," stated Cliff Flowers, Patriot's interim CEO. "I look forward to providing additional background on our 10-Q filing during PTSC's shareholder meeting later this month."
PTSC's 10-Q also reports that in December it reaffirmed the company's commitment to the MMP(TM) portfolio of microprocessor patents which recently received a certificate of re-examination from the USPTO for the '336 patent. Accordingly, PTSC remains committed to the success of this important asset.
The next PTSC shareholder meeting will be held on January 28, 2010 at 2 p.m. (Central Standard Time) at the InterContinental Chicago, 505 North Michigan Avenue, Chicago, Illinois 60611.
About Patriot Scientific Corporation
Headquartered in Carlsbad, California, Patriot Scientific Corporation ("PTSC") provides data sharing and secure data solutions for a connected world. These activities are funded with revenues generated, in a large part, from the Moore Microprocessor Patent(TM) Portfolio licensing partnership with The TPL Group. For more information on Patriot Scientific Corporation, visit: www.ptsc.com.
About PDSG
Patriot Data Solutions Group, Inc. ("PDSG") provides products and solutions that enable data-sharing initiatives. The company's flagship product, the Crossflo DataExchange(R) solution, helps link systems together and facilitates secure data sharing. The solution has been designed to work directly with a number of national data sharing standards, including NIEM (National Information Exchange Model), and the Global Justice XML Data Model (GJXDM). PDSG's technological innovation is backed by subject matter expertise and proven methodologies, facilitating the rapid exchange of actionable data.
PDSG is the data-sharing group of Patriot Scientific Corporation, which is headquartered in Carlsbad, California (OTC Bulletin Board: PTSC). For more information on Patriot Data Solutions Group, visit www.pdsg.com.
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 (OTC Bulletin Board: PTSC). 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.This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
About Eclat Consulting, LLC ("Eclat")
Eclat - literally, "brilliance of success." And, put simply, our success is defined by the brilliance of our clients' success. We are a different kind of professional services company - problem solvers who deliver tangible performance improvements. Eclat delivers a comprehensive range of services, including strategic, operational support, healthcare, security, and application services. Proven performance and forward thinking - it's Eclat's foundation. For more information on how Eclat is different, visit: www.eclatllc.com.
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, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Contact:
Patriot Investor Relations
ir@ptsc.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it
760-547-2700 ext. 102
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Forward-Looking Statements: Patriot Scientific does not routinely undertake to publicly update or revise its forward-looking statements, even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.
Forward-Looking Information: The statements in Patriot Scientifics news releases and public filings may contain forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties. In each case, actual results may differ materially from such forward-looking statements. Any statements regarding targets for future results are forward-looking, and actual results may differ materially. These are the company's targets, not predictions of actual performance.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this information contain statements forward looking in time which 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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This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Patriot Scientific Corporation
6183 Paseo Del Norte, Suite 180
Carlsbad, CA 92011
Telephone: (760) 547-2700
Facsimile: (760) 547-2705
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Wenn sich nochmal was tut....kommen se weg.
Ansonsten...Over....da wird sich nichts mehr tun.....
Die schieben sich das Geld zu um in rente zu gehen....
Das Ding ist gelaufen.....
Von Wolf aus Angora :
Unbelievable!!
By the terms of his employment contract our CFO, who also currently serves as our interim CEO, is eligible to earn an annual bonus equivalent to 50% of his base salary. In connection with management’s restructuring plan on October 5, 2009, our Compensation Committee determined that this bonus would be payable at the end of the interim period. The projected liability for such bonus is $145,875.
Hätte eigentlich bis zuletzt gedacht, da lüppt was....
aber die Firma ist genau so tot wie meine Pearl Asien Mining.....
Schade an alle, die bis heute in der Aktie waren.
Leider kann ich jetzt alles abschreiben.....
naja......
kopf hoch.......
euch allen alles gute !
SHM update
posted on Jan 28, 10 10:13PM
I went to the meeting. I for one was happy it was in Chicago. I did not attend the other meetings. I have been an investor since 1999.
Cliff Flowers started off with the basic corporate stuff. nothing to interesting. All board members kept jobs and Auditors approved.
Mac Leckrone was next and did a pretty good job. 15,495 claim charts out. Alliacance had 501 customer meetings from 11/08 to 1/2010. 222 companies in active negotiation. effective royalty rate increasing as planned. He made me feel pretty good about the state of the MMP.
Larry Henneman was next. He seemed intelligent but not much detail given. pretty much told the process at USPTO. Said even final office action are not final. Made a comment he recieved a scared phone call from Carlton when there was a final action and assured him it was not really final.
Next was Dan Leckrone. He is a joke. He thinks he is really something. when introductions were given at the begining of the meeting he made a loud applause when his son was announced...no one else did. Dan's presentation was about patent reform and I thought really had no place at this meeting.
There was Q and A next.
Flowers handled most of the questions. Said they are seriously considering dividends again and increasing share buy back program instead of making more poor investments. We sold Iameter on Monday for $250,000 (i think that was the number).
We are looking for a big partner to help with PDSG or selling it altogether. Said we can't compete with the big name campanies we are up against because the government wants to deal with the big boys only.
Cliff said we should no more about PDSG possible partner in 90 to 120 days and probably won't have a new CEO before that because we don't currently know what direction the company is going.
The board is still very bullish on the MMP. There was a question if TPL is taking advantage of PTSC with billing and Gloria stated no. In fact they are spending more than PTSC on the USPTO and law suits, that is why they needed the loan.
At the end during Q & A John Burns from Holocom basically plead his case for more funding from PTSC to keep the doors open. He stood and asked questions as a shareholder and stated how much stock he has bought.
That is a brief recap. I walked out feeling great about the MMP but really felt poorly about the investments the board made over the last year. It was a wasted $20,000,000. Hopefully it is hard to screw up a patent on water.
I hope this recap helps and others can go in to more depth.
I must say I find it astonishing that our BoD members are apparently sitting by calmly while Mr. Flowers officially announces that the Company currently has no direction and thus no business plan. Perhaps I misread the announcement from several months ago, but my recollection is that it stated that the Company had received a "favorable" analysis from Baroni which, at least to me, indicated that we were ready to move forward with some kind of definitive strategy in the near term. I guess honesty counts for something, but at this point, it would appear that the BoD is resorting to honesty as a "last resort" due to the fact that their "smoke and mirrors" campaign is out of gas --- in other words, frankness is all you have left when you can't think up any more misdirection.
I'm also glad that Mack Leckrone appears to have, yet again, announced that licensing fees are increasing. Perhaps this time he will actually be telling the truth, although that may be too much to hope for since I must assume that his lips were moving when the statement was made. I was personally present at one of the shareholder meetings in 2006 (or whatever year it was in which there were two meetings), when Mack was asked about this subject, and his direct quote was, "That's the name of the game" --- I guess I should have followed up in asking him whether he was actually PLAYING that game instead of just naming it, but what the heck.
In any event, I cannot imagine that many new investors will be prompted to invest anytime soon in a Company that has announced it presently doesn't know in which direction it is headed, and that has no effective leadership in place. One thing is for sure, which is that is that Mr. Flowers isn't in control of anything (even though he's receiving CEO-level pay) --- therefore, we must assume that the BoD is making all such decisions. I don't find this very comforting, but perhaps we will someday see a silver lining. If the cash actually does begin to come in with more frequency, and is, for once, actually used effectively (even if just for dividends, as opposed to failed acquisition strategies by those who are demonstrably incapable of making such decisions), then there is still hope.
In the meantime, there may at least be some entertainment value in hearing whatever continuing fantasies the "known what they own" crowd is able to spin about all of this. Remember, with PTSC, it's all good, all the time --- just close your eyes and imagine it, and it will be so. Ohhhhmmmmm!!!! :):):)
Best wishes to all.
I've just spoken with my friend/co-worker. He tries to call you this afternoon personally.
Just a few thoughts from him:
- TPL are professions / PTSC & BOD are losers
- MMP gets more and more solid as each attack so far could be withdrawn and strenghtes the MMP. The more reex.can be shoot down, the better for the MMP. Reex. itself will decline as less patents will be found to counter the MMP.
- MMP costs will be more or less the same in the future. Engineering costs decline, while legislation cost increase (PTO, travelling....)
- MMP-contacts are increasing/More MMP-licenses will come in. 15.000 products with MMP relevance are registered and 500 companies they are in contact with.
- TPL expects to 2-3 times higher license fees in the near future, with the first wave of recertifications in hand
- 950.000 $ from PTSC to TPL are only for the MMP
- Final PTO action arn't final............
- The PTSC BOD has no plan how to proceed
- Crossflow & Co. have trouble to enter the market and more or less "worthless" at the moment
- Holocom is the only one which makes money and has a good boss
- Share holders put preasure at the Q&A to Cliff and the BOD. The reacted helpless, but contemplative.
He expects the MMP will be a success, but the PTSC BOD isn't able to build up a real share holder value. They therefore think about to enter into a "dividend business" again. IMO, better than buying worthless companies. In the "short" run (1-2 years), another hyp linked with the MMP might be very possible. In the long run ( 5 years) PTSC is gone when the MMP money drains.
What we both didn't get, is the reelection of the current BOD. However, we both don't know much about the way to get rid off a BOD in the U.S.
I have been a shareholder since 2002 and would never have made the meeting if it were held in CA, but since they opted to have it at my hometown, I was able to finagle the day off from work to attend. It was my first ever shareholder meeting of any kind, so a fascinating experience personally.
I wanted to say up front, that I have greatly appreciated the efforts by other "posters" who attended previous PTSC shareholders meeting to give us their summary notes. For people unable to attend but have the hard earned money invested, it was helpful, or at least enlightening beyond measure. The summary below is translated from the notes I took at the meeting. It is by no means perfect or all inclusive. No recording devise allowed, so it was just me and my writing hand trying to keep up and listen at the same time. On top of the speed of presentations and switching through slides fast, occasional tangents, my hand cramping while still trying to listen, and some material too technical to try to put to paper, this is the best I could do.
- If something is in normal font, it is right out of my notes
- If it is in "quotes", then I quote verbatim (as best I recollected) what someone said.
- If it is in italics, then I am adding my IMO
Please bear in mind that everything I write is from one mere shareholder's interpretation/opinion of what transpired at the meeting. I don't even pretend to know or understand everything that is going on in regards to the company or what everything I heard means (or if I heard it correctly). In other words, this is somewhat IMO to a certain degree. I respectfully request others attendees "proofread" what I write and offer corrections if I misheard or misinterpreted something improperly.
Agenda (1-Pager available at sign-in, a more detailed breakdown of Agenda Item #5 was only available on the slide show screen.
1.Call to Order and Introductions
2.Proof of Due Calling of Meeting and quorum
3.Ratification of Independent Auditors
4.Election of Directors
5.Adjournment of Formal Meeting
6.Presentations
7.Questions and Answers
On the video screen (Breakout of Item #6/7):
I.Shareholder Meeting Formal Business
II.IP Counsel Presentation
III.TPL Presentation
IV.Q & A (The first one, broken up because TPL people had to catch plane)
V.Patriot Scientific Presentations
VI.Q: & A
1:59 PM -Shareholder meeting began at 1:59 PM, 35-40 people in attendance, but that also included Dan Leckrone, Tom Coy, Larry Henneman seated in the audience. Cliff begins and announces he will act as Chairman of the meeting. Introduces the Board (sitting and facing the audience to the right of Cliff Flowers). BOD present from closest to Cliff to farthest away: Carlton Johnson, Gloria Felcyn, Dharmesh Mistry, Helmut Falk, Jr, Donald Shrock. Cliff says there are two groups on conference line: I only caught one of them and partial names, but it was our independent auditors, KMJ (names I wrote downwere Charlie ____ and Tony Price). I could not make out who the others (or other group) on the conference line were, but I surmise about 4-8 people in total. My sense is that they didn't hear the first ½ of the meeting "too well" as the speaker system was moved up to the table near Cliff halfway through the meeting. I also suspect this was just a private line and not something typical shareholders could dial into.
2:04 PM – Official Business of Meeting (Cliff)
-Proof of Meeting, A complete list of stockholders is present. 410 million shares. 334 million shares present or 80% of the shares of the company present at meeting. We have a quorum. Ratify auditors. Election of board. 2:10 PM - They do the vote and Official Vote tally person asks if anyone wants to pledge there votes who have already not done so by now. Goofy me, I was the only one in the room that raised my hand (guess I should have voted on-line, duh) and an official vote person came up to me, verified my paperwork, and had me add my vote.
-There were 205 million votes to APROVE the auditors
-The entire BOD was re-elected, but they did not provide a vote total for this (no surprise)
-Gloria 2nd motions to moves to adjourn
2:11 PM – 2:40 PM (Mac Leckrone) 28 power pt slides
Mac L: Alliacense update, Background slides, Licensing began in 2005. Have 8 active licensing programs. 50 people at Alliacense. He goes over the organizational breakdown, spending most time on reverse engineering group – they continue to grow their capabilities there.
Their Database – 15,000 Chips, 10,000 products, comprising 1500 (!!!) companies. Mac had a lot of great charts that I wish I could have reproduced for you all, but I only got this one close to its entirety. Also, also of his charts showed a comparison of where we were in Nov '08 vs. Jan 2010.
I got most of the first chart:
Title: MMP Claim Chart Production (Chart)
April 2006: 934
Next Date? provided: 4,441
Next Date? provided: 9,202
January 2010: 15,495 – he states that thus 15K+ number and database is "unprecedented in the history of the industry"
·# of customer meetings since November 2008: 501, equated to 1.2 million air travel miles.
Active Accounts (Chart - Again, a comparison from late 2008 vs. Jan 2010, I wish I had gotten this whole chart, because it had good info about number of companies, but here is what I wrote with blank or question marks where I didn't catch what was on there):
Active Accts: Oct 2008 = 453,Jan 2010 = 512
Companies with > 1 Bil in Revs: Oct 2008 = 407, Jan 2010 = 453
Prod_____?: Oct 2008 = 342, Jan 2010 = 408
_________?: Oct 2008 = 172, Jan 2010 = 222
Licensed: Oct 2008 = ??, Jan 2010 = 69
·Meeting actively with 200 companies
Mac Leckrone then provide a chart of that looked like a thermometer ofthe 22 industry segment they are targeting and " # of respondents to our licensing". It was way too huge to put to paper in the time I had, but it showed each industry segment, its name, how many potential companies we have to license and how many in each segment and which segment had a lot of licensing done. It was a horizontal bar chart that had colors extending to the right depending on magnitude of activity or licensed, or other depending. Honestly, this is about as much as I could note about it:
Of the 22 Industry segments, I wrote down the top 5 (who had their bar going farthest to rights (x-axis was # of companies, y-axis what 22 industry segments)
#1 Networking and Communications (35 companies)
#2 Industrial Products
#3 Medical Equipment
#4 Aerospace and Defense (23)
#5 Audiovisual
·We got our 1st China License – Mac noted that reputation is it is hard to penetrate – no Chinese company want to be the first. Mac special noted this accomplishment, but he didn't name the company, I am sure we can figure this out from the list that has licensed.
2:30 PM – Mac talks about MMP Re-exam
·Provided a chart of MMP re-exam timeline from Nov 2008 and the chart as it looks now.
·As of 1/28/2010 Prior Art References
`336 – 600 prior arts
`749 – 600 prior arts
`584 – 275 prior arts
`890 – 5 prior arts
`148 – 380 prior arts
Why so much activity? In a bullet point on the slide and spoken verbatim by Mac: "Some fear strong patents and escalating prices – Their attacks have backfired "by an measure". Every concluded activity (by the USPTO) has been concluded in favor of the MMP.
"What doesn't kill you makes you stronger"
·EP 730 European patent confirmed
`584 – Adverse Markman overcome. NEC/Toshiba requests overcome – New Claim 29, new claims don't suffer from adverse markman in TX. A recent (?) Fish and Richardson (F & R) request denied.
`336 – 6th request on patent – F & R request via a 3rd party (no name provided by Mac). The F & R request was granted. However,Mac states recent F&R request: "the claims no longer exist, prior art is already considered" – he states it is likely to fail under its own weight. (He appeared not worried at all).
Chart: Effective Royalty Rate (ERR) – Line chart with y-axis being ERR, x-axis being chronological list of licenses. Bottom line: It is steadily trending upward. He said "that rate is going up". He then talked a bit about strategy - they want (and can) do deal now, but they want to stay strong and hold to their plan. Honestly, he implied that there are many, many factors involved in negotiations (that he didn't want to divulge or get into in this forum).
Mac Leckrone's presentation ends at 2:40 PM CT, 28 slides
2:40 – 2:49 PM --- II. IP Counsel Presentation (Larry Henneman)
Cliff introduced Larry as brilliant patent lawyer who can also speak engineering but also plain English. Dan L piped up from audience "and he has 8 kids".
My take is that Larry H is humble and well-spoken, and employs that kind of approach to dealing with the PTO.
Quick Highlights:
-Larry H went and described the re-exam process. Re-exam request, followed by TPL/PTSC having 2 months to reply, but choosing "no" to respond to this "so we don't plant seeds in examiners mind". PTO proposes non-final action which is usually a broad brush evaluation by examiners and pretty much allows the request, then TPL/PTSC responds, when we can tell PTO why they are wrong. When PTO does put out that proposed action, Alliacense goes and picks it apart piece by piece, then Larry and Carl (and others) get together and strategize.
-"We have built up good credibility with examiners now."
-We address concerns in ways that don't hurt patents.
-Larry says, a couple of times. USPTO "final" doesnt mean "final".
Larry H presentation (no slides) ends at 2:49 PM.
2:50 PM – TPL Presentation (Dan Leckrone) – 5-10 slides
I am not going to spend a lot of time here because I have so much too write and because he (Dan L) is annoying. But, I will give him credit, he knows he is annoying, and somehow, that makes him slightly less annoying to me. He was very conscious of the time and talked from 2:50 PM – 3:11 PM. His topic was about the 15 "evil" companies (RIMM, HP, Apple, IBM, Cisco were the only ones I wrote down) that I trying to push through, via intense lobbying, patent reform that is a clear and present danger. Two key items:
1) Next 2,3,4 weeks critical for people to contact legislators: Go to TPL site to find a template for what to write to your legislator.
2) Clear and Present Danger: A) PTO had advised president to support the current legislation, B) Administrative jobs bill may include a slipped in patent bill attached. 3) Concerned that Patent Bill will ignore Bayh-Dole Phenomenon.
Dan Leckrone's presentation ends at 3:11 PM CT
IV. Q & A because Mac and Larry H have a plane to catch, so it is broken up into 2 Q & A session.
1) Stan Caplan (This guy talked a lot at the SHM, but IMO was a great advocate for shareholders (and expressed their angst) and really put the BOD to the fire.
Stan (to Mac): Is `336 recertified. Mac: Yes in respect to 3 merged reexams.
2) Tom Burns? (CEO of Holocom): Tom: Presentation better than last few, a lot more concise. Question is, for every $100 collected in royalties, what $ goes to litigation costs and what comes to Patriot? Mac didn't really answer this question in specific numbers. Mac said that licensing program is still young. Tom: Do you see litigation costs going down? Mac: No. More litigation is going to be required.
There was a lot of back and forth here that I am not summarizing because there was no bottom line, but bottom line is what Cliff said at the end of this questioner. Cliff: Before PDS margin were 80%, Lately, they are running at 60%.
3) Robert Bass? Robert: Funding of 950K to TPL? Dan L and other responded, somewhat disjointededly: Effort to get PTSC BOD more focused on process. TPL is viable – will be around.
It got confirmed that the 950K is above and beyond the 50% split of funding to PDS. However, TPL is burdened with > portion of expenses….
4) John Doe #1 (All I got was he is a local (?) patent attorney): Q: 15K claim charts sent out, licensed 60 odd companies, what plans to make 15000 claim chart speed up (i.e. acceleration in licenses)?
Mac L: It's a numbers game. Strategy is to extract maximum value out of portfolio. Mac muses out loud, What's the crossover pt (tipping point) to go to trial? (Mac didn't really answer it, just implying that it's a dynamic process and lots of factors go into it). Dan L, our resident folk tail/analogy expert pipes in about we being the "Johnny Appleseed " and planting seeds. "We are building a brand awareness."
5) Stan (to Leckrones): Do you have a predictable range for revenues that you can share with BOD (not necessarily shareholders)? Dan L: Yes.
3:35 PM - Cliff chimes in that Larry and Mac have plane to catch……
6) Last question by Mr. ______: Question of Ownership and Chick Moore. Dan L: All I can remember Dan L saying is, ."it will be extinguished" and something like "its without merit".
3:37 PM - 5 minute break. There was food and drinks in the back, mainly cookies and cake slices and fruit.
3:48 PM - Cliff asks to reconvene
3:51 PM – V. Patriot Presentation (Cliff Flowers from 3:51 PM -4:00 PM)
·Cliff was humble and acknowledged that the PTSC results are disappointing and wont rehash it, and instead will focus on going ahead, but wont avoid discussion of the poor results.
·PDSG – revs below expectations, engaged Eclat. Cognizant look at technical aspects of CDX.
·PTSC now has a clear understanding of next steps. Product quality is not the reason for failure of expectations. Things are difficult because:
·Small size of PTSC
·No name recognition
·Progress in getting partners is slow
·Economy
·So 2 alternatives:
A)Stay the course (i.e. go it alone) – Multi Year Commitment (to get foot in the door and gain traction in sales) – focus on Justice and Public Safety – State and Local governments. Problem is these entities are risk averse and rather deal with big companies they already know and have dealt with. With this alternative, PTSC would have to target more market sectors. At the end of February, there will be a new version of CDX.
B)2nd Alternative. Staying on course is not best permanent course for PTSC. Alternative #2 is Partnering, being led by BIG partner who has that name recognition. Eclat is looking for the Partner and can achieve access to key people in these potential partners (i.e. the person(s)that can make the decisions to partner up with PTSC). PTSC will share info with shareholders when they know who that partner will be.
Other stiff Cliff said:
-M & A on hold
Alternatives to do: Rebuild cash, start up dividends, renew purchase of shares – all things they are evaluating (Bottom line I interpreted, is they (and we obviously) have been burned and are proceeding very cautiously). The plan is to develop alternatives in conjunction with a permanent CEO. Obtaining a CEO maybe be 90-120 days out. I didn't sense that this was imminent.
4:01 PM –PDSG/CDX Tom (Kooy,VP of Product development and Management joined PTSC in May 2008)
-New product line coming out end of February, named CDX 4, the Next Generation (Slogan is Right Info, Right Place, Right Time)
-PDSG primary success has been selling professional services to JPS clients
-Struggle has been going up against IBM, SUN, Oracle, HP
-Previous version, CDX3 had been highly dependent on professional services expertise (meaning, the people had to be there to teach other how to use it, thereby slowing their ability to market many places at once)
-Differences in CDX 4:
a)Full Service architecture
b)Incorporates "Best of Breed" enterprise service offerings – wholly configurable and scalable
c)CDX Exchange builder – The Engineers knowledge (i.e. professional expertise) is now in the software.
d)Simplifies deployment – speeds up time of delivery
e)CDX4 seeks to increase return on investment, incorporate all JPS national standards- Tom says it is the 1st platform to embrace that.
f)SOA =governance – I didnt catch much about this expect he said it a 40 Billion dollar business.
g)Can License CDX4 to our competitors. It is "agnostic", can plug and play with other tools – No proprietary "hooks" intrinsic
h)CDX Connect for NDEX– Coming out in early February)
Tom Kooy presentation ends at 4:25 PM CT
4:26 PM – VI. 2nd Q & A (Cliff Presiding)
1)Joe Schmoe (Chubby older guy up front with wife there). He handed copy of 10K to Cliff. Basically, he compared profits in 2007 to 2009 and looked at employees being 31 (and 5 BOD) now vs. much less later. Said total income was 28 x less in 2009 (I'd say this guy is not an Agoracom reader). Q: Is it necessary to have that many directors?.
Cliff answered kindly: NOW – PDSG 13 employees, burn rate per quarter is 700-800K. PTSC, 5 employee, burn rate 500-600K per quarter (Don't quote me on the employee numbers.
2)Mr. ______- wanted to know how CEO search is gong. Also, suggested setting up PTSC as shell company that pays out royalties. He sees dismal track record – Is BOD willing to consider? Gloria: BOD is discussing this possibility very seriously. We did divvies before w/pretaxtax carryover benefits (or something like that). Our tax rate now is 44%. Company is focused on increasing shareholder value (Honestly, Gloria seemed the most troubled up there by the situation and mentioned that she has family and friends who she urged to buy stock too) .
3)Stan (and now he lets then have it): Q#1: How many people did not fly in for this meeting. People raised hands. There were 16-18 people in the audience who did NOT FLY.
Stan Q #2: He commented on the losses in detail:
A)Talis, paid 1.5 mil, write-off to $0
B)Avot, paid 1.3 mil, nearly 0, except for 500K note, Cliff thinks they will get that back
C)Iameter 536K, Cliff stated that Iameter was sold on Monday for 250L
D)Vigilys – 175K paid, Cliff says not written down, its part of CDX
E)CDX/Vigilys – paid 10 mil for, have funded an additional 6 mil, but its worth far less (cant remember what number was stated)
F)Stan: TOTAL 17-18 mil dollars lost in last 12-15 months, after discussion back and forth with Cliff, this is the number both sides agreed to.
After the statement, Stan focused on Don Schrock and comes up with a long winded story about investment advisor asking for money but you never getting your investment back, etc. I didn't follow it too well, as I took a mental break.
Bottom Line from Cliff as Don didn't have good answers: Refocusing on MMP in the near future. ( I think that was fine, Stan just voices the frustrations that many of us shareholders are feeling in regards to PTSC failed attempt to create a recurring revenue stream outside the MMP.
4)Joe Schmoe (To Ms. Felcyn): In 13 meeting in the last year and as chair of Audit Committee, have officers of company kept you updated adequately? I believe Gloria said yes, and later says that there are procedure in place for auditing TPL, so other TPL products are not co-mingled. Gloria went to TPL offices – and noted that TPL are carrying a big burden of the expenses. And noted that TPL puts a lot of effort into charging PTSC appropriately.
5)Tom Burns (Holocom CEO) Tom talked about his company and how well it is doing (went over revs and profits and that they have a small acquisition in mind (encryption and storage device?)
6)Stan: Jokes he has got to go up there and say something nice. Got a chuckle from all. He says if PPS was $3 we would all be hugging each other and happy. Shareholders have kids. family, college tuition to fund. (To paraphrase - This is real money Patriot!) He mentioned the blowing of 17 mil in one year again. Stan thinks BOD cares. Request that is be more shareholder oriented – give to shareholders something they deserve.
7)Jeff ___: Q: Does the BOD feel that they will be a success. Gloria: she had 900K shares, family of hers have bought share – she absolutely believes this company is going to succeed. Gloria says we have learned our lesson and states that she regrets and that she wished BOD would have acted perhaps one quarter earlier.
Other BOD comments: Carlton Johnson: "We are coming out of a severe attack (on our patents)". Also, TPL (or maybe all other licensing firms?) have had the most, historically, 2-3 reexams. The MMP has had 17-18. I think Carlton is trying to make clear the enormity and" unprecedentedness" of the attack.
Dan L: Talk to your legislative reps in the next 2-4 weeks. It is critical time. Dan L " PTSC has had the hell beaten out of it"
And with that, Cliff Flowers stepped in and said, let all go home folks. Meeting over.
Meeting adjourns at 5:10 PM CT.
That is all everyone, it isn't everything in my notes, but nearly. Hopefully this provides you a sense (from my observation/perspective and IMO of what went on. IMO, lots of good clarifying information if you listened carefully. I could probably add a lot more of my own take on this stuff, but honestly, got to put in some work today at the office. If you have any follow-up questions, I would be glad to try and answer them, whether via PM or on the forum.
Respectfully,
StormKing
P.S. - subject of ARS didnt come up.
--------------------------------------------------
2-Feb-2010
Other Events
Item 8.01 Other Events.
Patriot Scientific Corporation (the "Company") announced today that it held its 2009 Annual Meeting of Shareholders in Chicago on January 28, 2010. At the meeting the shareholders voted to approve to reelect Gloria H. Felcyn, Carlton M. Johnson, Helmut Falk, Jr., Donald E. Schrock, and Dharmesh Mistry to serve on the Company's Board of Directors. The shareholders also voted to ratify the selection of KMJ Corbin and Company to serve as the Company's independent auditors for the fiscal year ending May 31, 2010.
The Company also announced that, on January 25, 2010, it sold the Iameter division of its Patriot Data Solutions Group subsidiary for $250,000 in installment payments payable over a period of nine months. The Iameter product line focuses on Health Information Exchanges for state and regional healthcare interoperability.
Caterpillar becomes the 70th MMP Licensee and the first heavy equipment manufacturer to purchase a license since the launch of the MMP Licensing Program in 2005.
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.
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, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Contact:
Patriot Investor Relations
ir@ptsc.com
CARLSBAD, Calif., Feb. 3 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) announced today that Blue Coat Systems, Inc. the technology leader in Application Delivery Networking, has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license from The TPL Group.
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™ 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.
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, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Contact:
Patriot Investor Relations
Zitat:
Monday, February 1, 2010
Alan McKelvie evaluates criminal information exchange system software
Alan McKelvie, Director of the Alaska Statistical Analysis Center, has been asked to be the beta-tester and evaluator for Patriot Data Solutions Group/CDX Exchange Builder software designed to assist in information sharing among justice agencies. McKelvie, in charge of training for MAJIC (Multi-Agency Justice Integration Consortium), will be testing this software's capability to quickly and efficiently build complete, compliant IEPDs (Information Exchange Packet Documentation) that can be shared statewide and nationally.
These standardized information exchange packets will include such data as incident reports, criminal intakes and disposition, booking forms, citation forms, and criminal complaints. McKelvie will report his findings to Patriot Data Solutions/CDX Exchange Builder, MAJIC, and the Bureau of Justice Statistics.
Posted by Barbara Armstrong at 2/01/2010 08:00:00 AM
Labels: Alan McKelvie, Alaska Justice Statistical Analysis Center, APSIN, crime statistics, MAJIC, RESEARCH, STAFF
Vielleicht kommen die doch noch ins Geschäft.
CARLSBAD, Calif., Feb. 9 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) announced today Optoma Technology, Inc. has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license from The TPL Group.
http://investorshub.advfn.com/boards/read_msg.aspx?message_i…
2) 2nd Pacer--NOTICE OF WITHDRAL OF COLINSET, AND NOTICE OF SUBSTITUTION
http://investorshub.advfn.com/boards/read_msg.aspx?message_i…
http://agoracom.com/ir/patriot/forums/discussion/...s/1328469#message
2nd Pacer--NOTICE OF WITHDRAL OF COLINSET, AND NOTICE OF SUBSTITUTION:
http://agoracom.com/ir/patriot/forums/discussion/...s/1328485#message
Gruß neureich13
Top competitors are Barco NV (!), NEC, and Viewsonic.
2008 revenues $2.4B.
~ 2000 employees.
aus: http://agoracom.com/ir/patriot/forums/discussion/...s/1328405#message
Group, Inc. ("PDSG"), a wholly owned subsidiary of Patriot Scientific
Corporation (OTC Bulletin Board: PTSC), announced today that its customer, the
New Jersey State Police, has become the first state to use PDSG's
commercial-off-the-shelf ("COTS") solution to accomplish state to N-DEx data
sharing. The vision of N-DEx, initiated by the FBI, is to enable the sharing of
complete, accurate, timely, and useful information across jurisdictional
boundaries and to provide new investigative tools that enhance the nation's
ability to fight crime and terrorism. The New Jersey State Police are using the
Crossflo DataExchange(R) (CDX) platform, provided by PDSG, as their COTS
solution. CDX enables their organization to effectively transmit data from the
New Jersey Data Exchange (NJ-DEx) to the FBI's National Law Enforcement Data
Exchange (N-DEx) in full compliance with current N-DEx standards.
PDSG has been working with the New Jersey State Police to implement some of the
earliest standards-based cross-jurisdictional data sharing on a national basis.
PDSG installed its COTS solution on the agency's server, preloaded with the
N-DEx schema, developed the data mapping from their system, and shepherded the
data through the FBI's ConTesA acceptance process. The FBI's N-DEx Program
Office staff utilizes ConTesA to assist agencies in validating their mapped data
for the N-DEx system to ensure compliance with the N-DEx IEPD*. States using the
Crossflo DataExchange(R) Connect for N-DEx solution may therefore participate
and share information with N-DEx quickly and efficiently, saving time and money,
and without requiring the FBI's N-DEx Program Office staff having to expend as
many resources.
"The type of scalable, non-disruptive solution that PDSG provides is ideal for
law enforcement agencies from the local level up through the state level to
participate in and support the national data-sharing initiatives so critical for
prevention of crime and terrorist activity," said Brian Mooney, Sr. VP
Operations with PDSG. "Our demonstrated ability to stand up a robust exchange
among disparate databases addresses a fundamental need in establishing
effective, rapid information-sharing. We believe in the DOJ's and FBI's mission
to make N-DEx the core system for criminal life cycle data in the U.S. We also
believe it is incumbent upon us as a U.S. company to co-invest in the process
and make this as cost-affordable as possible for law enforcement agencies that
would benefit from N-DEx connectivity, but are challenged by limited budgets."
PDSG began working with the New Jersey State Police in 2004 to enable data
exchange from county and other local law enforcement agencies with the state
repository, now known as NJ-DEx. Since then, PDSG has continued to work with a
number of the 21 New Jersey counties to expand the federated data-sharing model
throughout the more than 500 separate law enforcement agencies in NJ, linking
them to the state and ultimately with the FBI.
The N-DEx initiative is part of the Federal effort to bring together data from
state and local law enforcement agencies throughout the United States, including
incident and case reports, booking and incarceration data, and parole/probation
information into an integrated criminal life cycle system. N-DEx detects
relationships between people, vehicle/property, location, and/or crime
characteristics. It "connects the dots" between data that is not seemingly
related and supports multi-jurisdictional task forces -- enhancing national
information sharing, links between regional and state systems, and virtual
regional information sharing. The ultimate goal is to transform all criminal
justice data into knowledge for the entire justice community.
Using its experience in translating incident data to N-DEx, PDSG is pleased to
offer Crossflo DataExchange(R) Connect for N-DEx, a solution built on the CDX
data exchange platform. With this program PDSG personnel can install the
software on an agency's server, preloaded with the N-DEx schema, develop the
data mapping from a source system, and shepherd the data through the ConTesA
acceptance process. This enables agencies to quickly, efficiently, and cost
effectively share data with the FBI's N-DEx system.
About PDSG
Patriot Data Solutions Group, Inc. ("PDSG") provides products and solutions that
enable mission-critical applications to significantly accelerate the time to
value and reduce total cost of ownership for their data-sharing initiatives. The
company's flagship product, the Crossflo DataExchange(R) solution, helps link
systems together and facilitates secure data sharing for any information
exchange initiative in the public safety and criminal justice markets. The
solution has been designed to work directly with a number of national data
sharing standards, including NIEM (National Information Exchange Model), and the
Global Justice XML Data Model (GJXDM) and HL7 (Health Level 7). PDSG also offers
Vigilys, a software product that leverages data accessed by CDX and provides a
shared, map-based, common operating picture that allows field based first
responders and office based emergency managers the ability to visualize incident
responses and collaborate in real-time. PDSG's technological innovation is
backed by subject matter expertise and proven methodologies, facilitating the
rapid exchange of actionable data in mission-critical applications such as
clinical quality improvement and emergency services response management.
PDSG has been working with some of the nation's earliest and most innovative
data exchange projects including one of the most advanced statewide data-sharing
initiatives to be deployed in the United States. PDSG is the data-sharing group
of Patriot Scientific Corporation, which is headquartered in Carlsbad,
California (OTC BB: PTSC). For more information on Patriot Data Solutions Group,
visit www.pdsg.com.
*An IEPD, or Information Exchange Package Documentation, is a specification for
a data exchange and defines a particular data exchange. For example, there is an
IEPD that defines the information content and structure for an Amber Alert, a
bulletin or message sent by law enforcement agencies to announce the suspected
abduction of a child.
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, patent litigation, technical development
risks, seasonality and other risk factors detailed in the company's Securities
and Exchange Commission filings.
Contact:
Kim Larkin
Larkin Communications for PDSG
Office: (703) 250-3590, x102
Mobile (202) 391-5205
klarkin@larkincomm.com
haste ne kurze erläuterung ?
gruss
d
nur mal so nebenbei gefragt. Computer-Ram von Patriot hat nix mit unserer* Patriot zu tun, oder ?
Ansonsten würde ich mich freuen, wenn die Profis hier mal wieder ein paar Gerüchte, Einschätzungen, Meinungen über die Zukunft streuen könnten...Der Kurs verleitet ja fast zum Nachkaufen (nach 3 Jahren), wobei ich mir vorgenommen habe nix mehr "aus dem Gefühl heraus" an Aktien zu kaufen. :-)
Bei Patriot bin ich immer noch nicht in der Verlustzone...Aber Gewinn sieht auch anders aus :-)
Grüße und enjoy
EsistJAzz
CARLSBAD, Calif., Feb. 19 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) announced today Leica Camera AG has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license from The TPL Group. Leica Camera AG is an optical instruments company based in Solms, Germany best known for its legendary series of cameras and lenses.
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™ 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.
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, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Contact:
Patriot Investor Relations
ir@ptsc.com
760-547-2700 ext. 102