Patriot Scientific

Agree with what you are thinking. Makes sense. Matsushita withdrew from US Semiconductor manufacturing in 1998. Toshiba is losing money on their semiconductor business. The merged company buys TAEC for an undisclosed sum. Funds transfer from Matsushita to Toshiba to cover their 50% of the settlement value. TPL walks with a hefty cash payment, or note payable from PTSC/merged entity. All IMHO. I always considered Alliacense to remain part of TPL and only Intellasys and PTSC merge. TPL remaining in the patent enforcement/licensing business through Alliacense. Why do you think it should be part of the merger with PTSC, as opposed to PTSC/merged entity signing them on as licensing agent? Opty