SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (103538)3/9/2006 10:04:52 AM
From: Pogeu Mahone  Read Replies (1) | Respond to of 132070
 
Press Release Source: Patriot Scientific Corporation

Patriot Scientific Corporation Announces Second Cash Stock Dividend in Less Than a Month
Thursday March 9, 9:19 am ET
Annual Meeting and New Offices Also Announced

SAN DIEGO--(BUSINESS WIRE)--March 9, 2006--Patriot Scientific Corporation (OTC Bulletin Board: PTSC.OB - News) today announced that it will issue yet another cash dividend for shareholders and qualified warrant holders of record as of March 31, 2006. This dramatic announcement follows closely on the heels of last month's announcement of the Company's first dividend payable on March 22, 2006. Patriot's earlier dividend was $0.02 per share - the new dividend is planned to be $0.04 per share.
ADVERTISEMENT


The Company has been advised that it will likely receive the distribution of its share of the proceeds from recently announced patent portfolio license transactions by the end of March. Those transactions, announced within the past month, involved the Company's jointly owned Moore Microprocessor Patent(TM) (MMP) Portfolio having been successfully licensed - through its marketing alliance with The TPL Group's Alliacense division - to Casio Computer Co. Ltd. and Fujitsu Limited.

The Company expects to pay the dividend in late April, with the exact date to be determined and announced. Final information as to the number of shareholders and outstanding shares will be provided by the Company's transfer agent as of the record date, but based upon current information and estimates the Company will set aside funds of approximately $15 million for payment of the dividend when distribution of its share of licensing proceeds is received.

"I am delighted to speak on behalf of the Board of Directors in announcing this planned dividend, which will be double the amount of the previously declared dividend," said Patriot Scientific's Chairman and CEO, David H. Pohl. "The timing and amount of the payment to dividend recipients is subject, of course, to the Company actually receiving our expected share of the proceeds from the licensing transactions," Pohl continued.

"This second dividend announcement in less than a month - something extremely rare in the world of microcap stocks - is yet a further important step toward evidencing the faith and belief of the Board of Directors and management of Patriot Scientific in the Company's current financial strength and future potential," said Pohl. "We are pleased to be able to continue rewarding loyal shareholders with this additional, and even more significant dividend." The Company strongly believes that more licensing transactions and related revenues are likely, although none are assured. As in the instance of announcing this increased dividend, Patriot Scientific's Board of Directors will continue to consider and decide whether to take such dividend payment actions in the future, based on future revenues and the financial condition of the Company, as well as market conditions and other factors.

Annual Meeting

The Company has scheduled the corporation's Annual Meeting for April 28, 2006 to be held in Carlsbad California. The site and time of the annual meeting will be announced at a later date. Patriot Scientific will mail a proxy statement to shareholders near the end of March indicating proposals upon which shareholders will be asked to vote.

New Offices

Patriot Scientific also announced it has relocated its offices to Carlsbad, California at 6183 Paseo Del Norte, Suite 180, Carlsbad, CA 92011.

About Patriot Scientific

Patriot Scientific (OTC Bulletin Board: PTSC.OB - News) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The Company's jointly owned portfolio of proprietary designs encompasses fundamental microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.

Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at www.hawkassociates.com and www.americanmicrocaps.com. An investment profile on Patriot Scientific may be found at hawkassociates.com.

About the MMP(TM) Patent Portfolio




To: Knighty Tin who wrote (103538)3/9/2006 10:58:32 AM
From: LowtherAcademy  Read Replies (2) | Respond to of 132070
 
Thank God that we have an explanation and solution to fix it:

The Bush administration contends that the country's huge trade deficits primarily reflect the fact that the U.S. economy has outperformed the rest of the world in recent years, boosting domestic demand while American exporters have had to battle weak demand overseas.

The administration is seeking to strike free trade agreements with countries around the world as a way to lower foreign barriers to U.S. exports. U.S. Trade Representative Rob Portman announced on Wednesday the administration will negotiate a free trade deal with Malaysia, following the announcement last month that it was launching free trade talks with South Korea.

It just gets better by the hour, I would expect an ORANGE alert to be posted soon, so the WAR President can
resume doing what he does best.