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 virtvision's message

........ discussions aimed at addressing a variety of issues, including ....the restructuring of the 2005 agreements that govern the management of the MMP(TM) Portfolio, represented the best approach to resolving the issues between the parties and for providing continuity to the licensing effort," said Carlton Johnson, Patriot Scientific Corporation's Executive Committee Chairman. "Our position is and remains one in which Patriot would have and maintain an equal or greater voice with all decisions relating to the MMP licensing." ........ we now intend to vigorously resume the litigation process. We will provide details on the litigation as circumstances permit, but we remain under some contractual restrictions in regard to public disclosures pertaining to the MMP(TM) Portfolio,..... (and/or)that could impair our litigation strategy.

All is now quiet on the western front but decisions and strategy are being considered on a daily basis with the the next important focus is the court cases in CA to determine the sharing agreement changes and where we stand in relation to all parties that own a piece of the MMP.

Therefore, IMO, PTSC 's divorce if this is the only direction left must be to fight for total control of the MMP. Leckrone must be willing to compromise. There may be numerous holes in TPL's ability to claim ownership of a part of the MMP. In this regard, an arrangement with Chuck Moore should also be considered to lock in 100% control away from TPL.

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oscar
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Patriot Scientific
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