PTSC .. found out why it is up - taken from Stockprowler:
PTSC (OTC:BB) - Let me say at the outset that PTSC is truly an undiscovered little
gem? a genuine sleeper. Although this is likely to soon change. San Diego, California
based Patriot Scientific Corp. has begun marketing its patented PSC1000 microprocessor,
the first market-ready microprocessor for Java applications. Java is Sun Microsystems'
computer language for programs that users can run over networks or in Internet
applications. Java is ideal for implementing small, network-connected embedded
applications and excels at user friendly interfaces. This is a burgeoning lucrative market,
and the applications stagger the imagination: hand-held personal digital assistants
(PDAs), 2-way video phones, internet cell phones, interactive pagers, smart appliances,
automotive control devices, and industrial quality controllers. In fact, sources at Patriot
Scientific anticipate annual revenues from the PSC1000 to reach $100 million to $200
million sometime in the next 5 years. Sound far fetched? Stockprowler does not think so.
The only competition on the immediate horizon is Sun Microsystems with their Java chip,
the MAJC, which in its low-end configuration is expected to sell for around $50 when it
becomes available early this year. Contrast this with Patriot's PSC1000 which will be
priced around $10 or less in large quantities. Furthermore, the Sun MAJC is power hungry
and consumes too much power to go into handheld battery-powered devices. The
PSC1000 by comparison is an elegantly simple design? very efficient?and has low power
consumption. According to Electronic Engineering Times, the PSC1000 is a "highly
integrated 32-bit CPU with two processors in one package: a microprocessing unit for
conventional processing tasks, and an input/output processor" which can, with
appropriate software, "replace many dedicated peripheral functions." Furthermore, this
design is made even more unique by its dual stack architecture which is very efficient for
processing languages like Java.
Patriot Scientific has recently signed a distribution agreement with Antratek
Electonics of the Netherlands. Other distributors signed include: Ineltek, Germany;
Pantek Technology, Taiwan; RealVision, Japan; Integrated Electronics, Finland;
Microtronics, Southeast Asia: Iridium Data, Israel, and Acetronix, Korea. Early last year,
Patriot Scientific also announced its first licensing agreement with VSAC, a Japanese
electronics industry association.
Patriot recently obtained a $5 million "equity line of credit" to finance ongoing
development and marketng efforts over the next 3 years. The company appears well
positioned to take advantage of the embedded Java market that is set to explode. The
potential is here for very rapid earnings growth given the inherent superiority and low
cost of the PSC1000 microprocessor. Insiders own 32% of the company, and there has
been some evidence of recent insider buying ?10,000 shares by company CEO, James T.
Lunney. PTSC closed Friday at 55 cents, up 10% on strong volume (408,500 shares).
The Stockprowler software/database has been showing moderate to heavy accumulation
over the past 3 weeks. Stockprowler's target on PTSC is $3 - $5 over the next 6
months, although this may prove to be conservative given the market for this product.
This is a medium risk speculation with very big upside potential.
H
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