3SOF

This means, its still not safe to enter the stock to make money.  Thanks guys. Also, will the SHM meeting 2 weeks later bring some bullish engulfing?
Thanks for bringing this up.. Left this share after profit then loss.... (good profit but small loss)

- Dhiraj

News this morning. CEO looks little bit aggravated in his statements:
Patriot Scientific Announces Proxy Mailing, Receipt of Casio Licensing Distribution
Monday April 17, 9:00 am ET
Extends Time for Filing 10-Q3

CARLSBAD, Calif.--(BUSINESS WIRE)--April 17, 2006--Patriot Scientific Corporation (OTCBB: PTSC - News) today announced that the Company has received the distribution of its share of the proceeds from the previously-disclosed Casio license transaction. No further details of the licensing transaction were announced. To date, Patriot has received in excess of $38 million in distributions as its share of licensing revenues generated by its patent portfolio in slightly more than a year, including licenses with AMD, Intel, Hewlett-Packard, Fujitsu and Casio.

In addition, the Company's proxy statement has been filed, on schedule, with the Securities and Exchange Commission. This statement was mailed to shareholders last week, in advance of the Company's Annual Meeting of Shareholders, to be held on Friday, April 28, 2006 at 10:00 a.m. at the La Costa Resort & Spa, 2100 Costa Del Mar Road in Carlsbad, California.

Patriot Scientific also announced that the Company filed for a five-day extension, as permitted by law, to complete its filing of its 10-Q for 3Q 2006. "This extension was filed to allow our financial team a few days of additional time they needed to adequately analyze appropriate accounting and disclosure of significant revenue from licensing transactions and other matters occurring during the quarter," said Chairman and CEO David H. Pohl. "We anticipate no difficulty with this filing, and fully intend to complete our filing on or before the slightly extended due date."

"We also realize that some shareholders get frustrated when there is a gap for a period of time as to announcements of new license transactions for our patent portfolio," Pohl said. "The Alliacense licensing team which manages our portfolio, which is jointly-owned and marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio, continues to diligently pursue negotiations with candidate companies. The nature of the process is such that it requires our patience because, as much as we and our shareholders might desire otherwise, the status and progress of negotiations must remain confidential, and license agreements are not consummated according to any regular or predictable schedule," he added. "We remain optimistic about our outlook, and we remain focused on maximizing the long-term value of our business for the benefit of our shareholders," Pohl said.

About Patriot Scientific

Patriot Scientific (PTSC.OB) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The company's portfolio of proprietary designs encompasses fundamental microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology. 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 and litigation risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings.

Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.


Contact:

Patriot Scientific Corporation
Investor Relations:
Hawk Associates
Frank Hawkins/ Ken AuYeung, 305-451-1888
[email protected]
or
Patriot Media Relations:
Attention Group         
Daryl Toor, 770-777-9489         
[email protected]

Source: Patriot Scientific Corporation

PTSC has had a pretty nive run today... up 39% to 1.20 so far
No news however, so I'm not sure what caused this. Maybe the fact that it was touching the 30 RSI line. I'm hoping for a close at or above 1.32 tomorrow

agreed, real nice action on PTSC today...nice volume to back it up too! bravo to those who held during the last few days...i'm sure it was brutal, but I think the chart is pointing to better days ahead...the MACD is going back up from negative territory...the stochastics are very bullish, the RSI...we gotta wait and see how far it goes, or if RSI 50 is gonna prove as resiatnce...nevertheless, I think the trend is up and the close above 50 MA is bullish...

as always...good iead to wait for a follow-thru day tomorrow, for those still looking to get in and that includes me  )

the chart seems to show resiatnce at $1.30 - 1.35 for two reasons:

a.) 20 MA

b.) downtrend line by joining tops at $2.20 and $1.70, formed approx. on March 7 and 29th respectively

10Q filed AH

Someone, as usual, knew what was coming...

http://www.sec.gov/Archives/edgar/data/836564/000114420406016018/0001144204-06-016018-index.htm

Back above the 50-day EMA.
Looks like the deep pullback might be over.

Volume: 8,343,937
Avg Vol (3m): 10,523,800

Technicals
Close Above the 50-day EMA
Most Actives
Percentage Gainer

Last Price Quote is:
-0.88%below 13-day EMA
6.50%above 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $377.85 
P/E Ratio: 191.65 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

The solid good news keeps coming in......... 
Headline News Link.....  http://finance.yahoo.com/q/h?s=PTSC.OB

PTSC: Q3 EPS 6c vs 0c
Wednesday, April 19, 2006 16:55 ET

QUARTER RESULTS
Patriot Scientific Corporation (PTSC) reported Q3 results ended February 2006. Q3 Revenues were $60.28M; +1,941.90% vs yr-ago. Q3 EPS was 6c; +6c vs yr-ago.

Q3 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE
----------  ------------  ------------  ----------  ------------  ----------
Revenues:        $60.28M        $2.95M  +1,941.90%           N/A         N/A
----------  ------------  ------------  ----------  ------------  ----------
EPS:                       6c            0c               +6c               N/A         N/A
----------  ------------  ------------  ----------  ------------  ----------

# of trades (50days): ptsc : 2731 1361 5913 4564 4564 654 932 702 717 1249 2290 3730 1436 959 789 1293 1172 1296 0 1555 2530 1249 1267 1778 3674 2177 5478 4708 2733 1620 8177 9100 14091 8237 4942 10438 5455 817 975 2517 3620 7726 2946 789 789 2457 3197 1801 284

PTSC.OB Average Volume:
3days: 12417623 +77.2%
10d: 7009195 -28.8%
30d: 9027100 +14.7%
90d: 7701662 +40.6%
180d: 4577536

Hi La-Onda,
Can you provide the link for the quarterly results?
Thanks,
Dhiraj

here ya go
http://tinyurl.com/m6o59

good news today:
Patriot Scientific Corporation Announces Share Repurchase Plan, Strong Q3 Revenues; Portion of Future Revenues Allocated for Stock Buyback Monday , April 24, 2006 09:00 ET
CARLSBAD, Calif., Apr 24, 2006 (BUSINESS WIRE) -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) today announced a plan under which it would utilize 10 percent or more of future licensing revenues to buy back corporate stock. The Company also announced significant earnings results for its third fiscal quarter, as contained in its Form 10Q filed last Thursday, and confirmed that the previously announced cash dividend of $.04 per share is being issued today.
"The stock buyback plan adopted by the Board of Directors calls for management to use not less than 10 percent of future licensing revenue distributions received by the Company to purchase shares of our stock on the open market in a manner consistent with applicable securities laws and regulations," said David H. Pohl, Chairman and CEO of Patriot Scientific. "These buybacks are, of course, subject to the Company determining at the time licensing revenue distributions are received that such action is prudent based upon market conditions and sound financial management considerations. Repurchased shares will be placed in our treasury as a resource available for possible future use," Pohl explained.
"This stock buyback program reflects our confidence in both the near- and long-term prospects for Patriot Scientific," Pohl stated. "We are committed to returning value to stockholders in various ways, including through our growth strategy as well as our focus on operational excellence and ability to generate and manage strong cash flow. As we receive and accumulate cash in the future from anticipated licensing revenues, our Board will be continuing to review and update our business and strategic plans," he continued. "These considerations currently include payment of dividends, buying back some of our outstanding shares and warrants, and contemplation of other prudent and feasible ways in which we might put future cash to work to create additional streams of revenue for the benefit of the Company and our shareholders."
In actions extremely rare for micro-cap corporations, Patriot will have issued two cash dividends within the past two months. The second of these two dividends is being distributed today to qualified shareholders and warrant holders of record as of March 31, 2006. Upon completion of this dividend payment, the total dividends paid by Patriot so far this calendar year will be almost $25 million. Earlier this year, Patriot also entered into a warrant buyback plan, and in February it exercised one of its monthly options to repurchase 2 million outstanding warrants from a warrant holder.
These cash dividends and buyback plans are especially significant because - until Q3 of 2005 - Patriot had never shown a quarterly profit, and had never realized significant revenue from its 10-patent portfolio of seminal microprocessor innovations. Since February of last year, the Company's jointly owned patent portfolio - marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio - has been successfully licensed to Intel, AMD, HP, Fujitsu and Casio, generating millions in revenue for Patriot.
The information just released by Patriot - as reported on its Form 10QSB filed with the SEC - includes among other things that in the three months ending February 28, 2006, Patriot Scientific booked some $60 million in revenue from license transactions. As explained in notes to the financial statements, that amount includes revenues of a joint venture licensing entity that are not available to the Company, but which - due to the need to comply with a complex rule of accounting standards - Patriot is required by its independent auditors to consolidate and include with its own figures. The same accounting rule and explanation applies to income figures included in the report.
The Company also completed the previously announced conversion and retirement of all remaining convertible debentures that had been on the books, freeing the Company from the liability as well as certain restrictions and contingencies that had been contained in those debt agreements.
"The very favorable quarterly revenue and income figures, even after allowing for the inclusion of figures for the consolidated joint venture entity, show Patriot Scientific Corporation to be a strong growth company in excellent financial health," Pohl said. "Although past performance does not guarantee future success, we are confident that Patriot will receive additional licensing distributions based on our core patent technologies that are at the heart of virtually every microprocessor produced since 1994. With the precedent of the licensing agreements already entered into with major computer chip and electronic equipment manufacturers, we have every reason to expect that other firms will choose to honor our patents by obtaining licenses."
"Our recent quarterly report also includes information about some litigation or disputes in which the Company is engaged that do not involve patent infringement," Pohl commented. "It should not be surprising for a company like Patriot that has undergone such a dramatic transition in the past year to be dealing with some conflicted matters from the past that need to be resolved. These matters are not distracting us from the normal course of business, and we rely upon the experienced and skillful attorneys who are advising and representing us to help bring these matters to a satisfactory conclusion."
Through the Company's marketing alliance with The TPL Group's Alliacense division, active license negotiations are ongoing with other U.S. and foreign companies whose digital products include fundamental design techniques covered by the Company's patent portfolio. More than 150 of these companies - and that includes practically every high-tech consumer electronics manufacturer and systems integrator in the global marketplace - have been put on notice of likely infringement and the opportunity to obtain licenses.
"Q3 of 2006 has proven remarkably successful for Patriot Scientific," Pohl said, "and our Board of Directors has seen fit to share this success directly with our shareholders through two unprecedented dividends. Now, in addition, our Board has adopted a strategic long-range stock buyback plan to demonstrate our belief in the future of Patriot and the long-term value of our stock."

MACD has bottomed. Indicators are looking good.
Still holding this one , I ready for some movement to the up side.
Very nice looking day.
Buying back shares seems like a smart thing to do.This might actually surprise many

Volume: 8,998,386
Avg Vol (3m): 10,631,600

Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Most Actives
Percentage Gainer

Last Price Quote is:
3.72%above 13-day EMA
7.71%above 50-day EMA

Travis,

Don't you just hate it when there is a fake high on the day's chart...kinda puts a dagger on the chart 

good luck with your position...

PTSC.....ready for the next run?

Looks like bottom,any thoughts?

I'm with you on a potential PTSC run...I think once it goes, there'll be no catching it. It's mostly about the news for this one, but at present, I think the charts are looking pretty appealing. IMO, get in while the getting's good.

See for yourself:
http://bigcharts.marketwatch.com/intchart/frames/main.asp?symb=ptsc&time=&freq=&country=us