Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.

 We’ve suspended share repurchases for a while because I no longer believe this is the best use of the company’s cash at this time. Although we still believe our shares are undervalued, I strongly believe we can put that money to better and more profitable use elsewhere.

How are they putting that money to better and more profitable use? I believe that is the real question, now that we know they have stopped the buy backs. It isn't coming back as a dividend. ? JT talked of buying a company. What else could it be?

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bankerson
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Rank
Vice President
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21999
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Date Joined
02/17/2005
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Patriot Scientific
Symbol
PTSC
Exchange
OTCBB
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401,392,948
Industry
Technology & Medical
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