Patriot Scientific

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

With the update we got from the mid Januaury.... our portion PDS has 3.5 million in cash (this accounts for breakeven results for last 6 weeks of this 1/4 for PDS...).....

We know the MMP has been strengthened by the PTO...

We know we have had an increase in revenue of the MMP...

with sales from PDSG & a 1.1 million dollars write up... and reduced PTSC expenses..(about 25% last 1/4 and reduced lease & operation cost moving forward,,)

If you would use this 1/4 #'s moving forward our current PE is 2.2 ... (Using CNBC's method for calculated PE.. which adds current assets to PE price,,,)

we will have 3.5 million in gain assests this 1/4 ... break even cash and cash equivalents...

(407(shares)/3.5 (gain in assets))* 4 (1/4's)= A * 2.2(our PE) + .05 cents (PTSC assets -Liaabilities per share) .... = our current selleing price.. .12 cents

so if you believe the current MMP strengths will = gain in MMP value then people our undervalued price is even more undervalued...

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paylslyone
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02/24/2005
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Patriot Scientific
Symbol
PTSC
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OTCBB
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401,392,948
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Technology & Medical
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