Patriot Scientific

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

You have to dig through multiple Qs to get the whole ARS picture.

http://www.sec.gov/Archives/edgar/data/836564/000101968710001352/patriot_10q-022810.htm

At February 28, 2010, the fair value of our auction rate securities was estimated at $7.4 million based on a valuation by Houlihan Smith & Company, Inc.

Obviously they've sold some since then but they've also previously taken impariments and, IIRC, realized losses.

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GKRichard
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Patriot Scientific
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