Patriot Scientific

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

From my perspective I thought the meeting was ok. Not great, not horrible. Cliff and Gloria seemed genuine and gracious but Johnson is another story. Johnson kept his dialog to smug one-word answers thinly veiling his comtempt for shareholders. According to Cliff, the MMP is strong and they are working on a resolution with TPL. The burnrate on aggregate is about $3.6 million per year for the entire portfolio, so it looks like wee'll be able to stay in business for a couple more years based on the current balance sheet.

It seems like we are selling MMP licenses which is great news and PDSG still has a pulse. Now we need to get in lockstep with TPL to get this engine firing on all cylinders.

My thoughts and observations.

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karlwest
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san diego
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Vice President
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08/14/2008
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Patriot Scientific
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