PTSC.OB

[Ramsburg]

Update:
A lot of intraday volatility on PTSCE for the last 2 sessions... Its normal after such a ride on the upside
We'll sell half of this position today just to decrease the risk on 3SOF portfolio, but we'll keep holding the rest.

Trading Plan:
SELL half of this position during today's session and Hold the rest.
(We'll not be setting an automatic stop, although the suggested stop price would be near $0.90)

Regards,

[JKN]

Sold half at 1.10, in at .85.  The  other half was acquired at .69 during the last dip.

GLTA !!!

[rickjust]

news out. 
PATRIOT SCIENTIFIC CORP Files
SEC form 10KSB, Annual Report
Press Release Source: Patriot Scientific Corporation


Patriot Scientific Files Form 10-KSB for Fiscal Year 2006
Friday October 13, 5:31 pm ET


CARLSBAD, Calif., Oct. 13 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) today filed its 10-KSB annual report for its fiscal year ending May 31, 2006. The report, filed with the U.S. Securities and Exchange Commission, includes audited financial statements for its fiscal year and related disclosures concerning the company's results of operations and financial condition during that period. The company also announced that its new web site will be launched on Monday at www.ptsc.com, where a copy of the company's 10-KSB will be available.
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Patriot Scientific's consolidated financial statements reflect net income of $28,672,688 for the fiscal year ending May 31, 2006, with revenue of $35,895,449 million as its share of distributions from licensing agreements related to the MMP Patent Portfolio. The report also disclosed that during the period from June 1, 2006 through October 3, 2006, Phoenix Digital Solutions, which is jointly owned by Patriot Scientific and the TPL Group, entered into MMP portfolio license agreements with third parties, pursuant to which Phoenix Digital received aggregate proceeds totaling $32,699,000. The dollar amount for each licensing deal varies. Each is dependent on the relevance of the patents to each licensee's revenue and the extent to which the patented technology is incorporated into specific products, rather than on the total revenue from all products of the licensee.

Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, protect design techniques that have become essential to a myriad of consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.

"Patriot Scientific has undergone tremendous positive change in the last year," said David Pohl, Patriot Scientific chairman and CEO. "The shift away from developing and marketing our own Ignite microprocessor to focus primarily on revenue from the licensing of our patent portfolio has bolstered the financial strength of the company. We are excited about the next phase of our plan that has already begun in which we are evaluating opportunities to diversify our revenue stream through possible joint ventures or acquisitions, all with the goal of increasing shareholder value."

Activities at Patriot Scientific that have occurred thus far in calendar year 2006, which includes the last six months of the fiscal year covered in the 10-KSB include:


     - Nine MMP portfolio licenses have been sold in the first nine months of
       the year
     - Over 300 companies have been notified that they are licensing
       candidates
     - Unprecedented among microcap stocks, two cash dividends in 2006
     - Announced open market buy-back program for shares
     - Conversion and retirement of all outstanding debentures

Due to activities related to preparation and filing of restated financials for fiscal 2002 through 2005 as previously announced, Patriot Scientific has filed a notice to take the allowable five-day extension to file the fiscal 2007 first quarter 10-Q financial report for the three month period ending August 30, 2006. That document will be filed October 23, 2006. Patriot Scientific has been advised that the character "E" that has been appended to the company's trading symbol pending the filing of the company's annual report will be removed today.

About Patriot Scientific

Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.

An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/ptscprofile.aspx

Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.

About the Patent Portfolio

The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.

Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). PTSC and Ignite are trademarks of Patriot Scientific Corporation. All other trademarks belong to their respective owners.

[la-onda]

That document will be filed October 23, 2006. Patriot Scientific has been advised that the character "E" that has been appended to the company's trading symbol pending the filing of the company's annual report will be removed today.

bye bye "E" 

have a nice weekend
Oliver

[jorgegr]

Any idea why its falling so fast today???

[Michael]

Hi jorg

I guess it is buy the rumor and sell on the news.

The earnings were good, the potential is mind bubbling and to get the restatement of 2005 out of the way should be good news.

The total chip market exceeds 200 billion in annual revenue and it seems to me that Patriot have a very good case. Litigation based on advanced technology is difficult to predict but somebody else have already done the hard work. If companies like Intel, AMD, Hewlett Packard, Casio and Fujitsu have decided to settle there is a very good chance that the majority of the remaining 300 licensing candidates on their list will settle as well.

The AMD and Intel settlements seems cheap but were probably made to clear the way for settlement with smaller players in the market and for this stock to really take off we need details on the agreements made with the smaller players. As always Pennies are risky investments but I feel good about this one.

[la-onda]

August 2006 PTSC presentation:
http://www.ptsc.com/documentation/PTSC_Presentation.pdf
company profile:
http://www.hawkassociates.com/files/ptscprofile.pdf

quotation:

[Ramsburg]

Update:
3SOF sold the rest of this position today @ $0.93

[bmarc4211]

Ramsburg thank you for the notice prior to selling PTSC.  I especially like the way Micheal (with one of his VERY rare inputs) says "As always Pennies are risky investments but I feel good about this one" and "The earnings were good, the potential is mind bubbling and to get the restatement of 2005 out of the way should be good news" just before market close.  Only to find out later that 3SOF sold earlier that morning. 

I would also like to thank you for the weekly updates on IEAM.  The stock has been held for over 4 months, is down 14%, and hasn't been updated by a paid administrator since September 10th.  Even after several request for an update.

I will give you credit for some nice picks recently but I also paid for the knowledge, technical analysis, and daily updates from Micheal and EliteG. 

[Michael]

Hi bmarc,

Ramsburg and mine investment styles are as different as day and night. Most conversations we have about stocks starts with: I know you will hate this pick but.....

Sometimes (and not to seldom) we both agree on a pick and often that is when the fireworks start - when the fundamentals and the technicals go hands in hand.

PTSC started that way but the TA turned sour even though the Fundamentals seem to be intact. I agree that we should have coordinated our input much better but you basically got two side of the same story. The FA and the TA.

I am still holding PTSC and wouldn't mind to add here if my broker could sort out the new ticker  . I don't think PTSC has been in our portfolio for the last time but for now we are out.

In general whoever picks a stock is the captain and concerning IEAM even though I have followed it on the sideline I am not familiar with the details. That is why I didn't answer your post yesterday.

[jorgegr]

I'm still in PTSC but not adding due to my own limits about exposures,although
fundamentals have not changed as far as I know and even  in no way I want
to  compete with Rams TA, there are some sidelines  that could be deducted
from the way the sell off took place.

After reaching 1.30 on Oct 2nd there was a a great bear/bull fight closing
the gap opened on the same day and during all that week PPS traded around
1.10  with lower volumes (except on Oct 5) and seemed that a reaction was
possible. On friday when it touched $1, sales were triggered  breaking that
psicological barrier. At this stage I remember some time ago a member of 3SOF
said that he always speculated waiting to sell after 3SOF indicated to do so
and had a record of 1 or 2% higher, alledging the 3SOF effect on the market
due to the large community following these recommendations.

I'm not saying that this is the whole explanation but have closely observed evident
increases particularly on low volume stocks, when 3SOF decides to buy and
therefore suppose the same oposite  effect takes place when selling, plus the
action of many traders that take advantage, shaking off weak hands.

I delayed my sales in several stocks after it was indicated and can assure
that I also improved my profits.

SIGA is a different story, because the market made a misinterpretation of the
news and I wrote about it in the corresponding thread,  doubling my investment
instead of selling, mainly due to fundamentals, info, deduction on their Board of
Directors decision and TA to buy my second lot. This combo lead me to good profits.

But coming back to PTSC, with or without an "E" maybe we are now back in
our way towards a consolidation or new highs.

Dont feel the same way about IEAM that showed a long parking of money
with no results and that is what counts. Our investment availability has
limitations and as any other business we have to find the best option,
average profits in our portfolio will indicate if we were right or wrong.

The good news is we can change, learn and improve our yield accepting
nobody is perfect and realize that  positive, healthy, critical, intelligent opinions,
are far more useful for our development than demagogic applauds.

GLTA - Let's make some green

jorgegr

[la-onda]

Patriot Scientific Reports Fiscal Q1 Net Income of $5.99M, or $0.014 Diluted EPS
Monday October 23, 4:25 pm ET
Company Announces Share Buy Back Actions

CARLSBAD, Calif., Oct. 23 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) today reported net income of $5,990,000 after provision for taxes, or $0.014 per diluted share, for the first fiscal quarter ended August 31, 2006. A copy of the company's Form 10-Q, filed with the U.S. Securities and Exchange Commission, is available on the company's newly redesigned website, www.ptsc.com, where visitors can now sign up for e-mail alerts.

The results included $12,070,198 recorded as the company's 50% share of the net income of Phoenix Digital Solutions, Patriot's joint venture with TPL that is responsible for marketing the jointly owned MMP portfolio license agreements. The company said it had $16,126,000 in current assets including short-term investments and over $9,600,000 in cash and cash equivalents at the end of the quarter. Current liabilities of $4,040,000 included a $3,500,000 provision for income taxes. The company has no long-term debt.

In another matter, the company said it began to buy back stock in July with the repurchase of 2,075,003 shares at an aggregate cost of $1,839,000. In September, the company purchased 1,199,824 shares at an aggregate cost of $934,000. The company said it had 369,536,087 common shares outstanding on October 2, 2006.

Patriot Scientific chairman and CEO David Pohl said, "These results reflect solid progress in pursuing our MMP portfolio licensing strategy through our partnership with TPL. We had a net increase in cash of $5,695,000 during the quarter as we continued to strengthen our balance sheet and our financial structure. We have subsequently used some of the cash for share buy backs in July and September. Shareholders' equity at the end of the quarter was $16,629,000, up from $10,827,000 on May 31, 2006."

Patriot previously disclosed that from June 1, 2006 through October 3, 2006, Phoenix Digital Solutions entered into MMP portfolio license agreements with third parties, pursuant to which Phoenix Digital received aggregate proceeds totaling $32,699,000. The dollar amount for each licensing deal varies. Each amount is dependent on the relevance of the patents to each licensee's revenue and the extent to which the patented technology is incorporated into specific products.

"We are delighted that the strength of our patent portfolio continues to be validated by the 11 licenses that have been signed thus far with major electronics companies, nine of them since January," Pohl stated. "We remain positive in our outlook for continued revenue based on further progress in licensing more of over 300 companies around the globe that have been notified they are candidates."

Pohl also noted that Patriot Scientific is actively evaluating sources and opportunities to create additional recurring revenue through possible joint ventures or acquisitions, all with the goal of increasing shareholder value.

Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, protect design techniques that have become essential to a myriad of consumer and commercial digital systems ranging from computers, DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.

About Patriot Scientific

[rickjust]

hi,
i thought the news was good  ptsc getting spanked today.
maxi

currently at .775

[gri64]

News was good IMHO.
Today we can see the standard news selling ... I hope 

I'm back in average 0.749.

[rickjust]

hi,
now it has come back strong . lots of buying at the ask price. .84
i will never really understand the market . lol
max