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 Willy Nilly's message

Here's more. From the Dominion Harbor peoples former employer. You need to read the links people post. This is the PTSC plan not the Moore plan. GLAL

“The landscape has changed,” Spangenberg said. “What used to be economically feasible was doing $500,000 licensing agreements. But the margins aren’t there any more,” thanks to recent patent reforms and the general pushback against non-practicing entities.

Spangenberg said those $500,000 licensing fee deals used to take up 80% of the time of the team at IPNav, but still generate only about 40% of revenue and even less of profit.

As a result, Spangenberg said IPNav is currently looking at patent portfolios that will generate a much higher return on the investment.

“I’d much rather have 100 great patents than 10,000 mediocre ones,” he said.

To be sure, IPNav currently owns about 14,000 patents and out of those Spangenberg considers only a fraction to be great.

“If you don’t think something is going to generate north of $50 million you don’t bother,” he said.

Not surprisingly, Spangenberg said there are a lot fewer potential licensing opportunities at these significantly higher numbers.

Still, Spangenberg said the skill set IPNav needs for these much larger licensing opportunities is different than the skill set for what Pridham’s Dominion is doing.

“The skill set you need is different. You don’t need lawyers. You need PhDs in various fields of technology.”

http://thepatentinvestor.com/ipnavs-spangenberg-downsizes-with-eye-on-much-bigger-prizes/


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jldmt
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