Peter Leeds recommends PTSC in Quick Fix Ninth Edition. (hope this formats correctly..apologies if not)
PxP
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Quick Fix Ninth Edition (October 26th, 2006)This Ninth Edition of the Quick Fix features 9 companies whose shares are trading under $1.00, and may be poised for tremendous success. Like our previous Lists, this Ninth Edition contains a number of stocks that you probably haven't heard of before. Anyone can jump the stock market bandwagon. Buy what's in the news or the flavor of the day (or even the hour) and you could be buying into hype or an over-inflated market. We want to help you invest against the headlines. This Ninth Edition of the Quick Fix brings together 9 excellent stocks with great operations and proprietary technology. They’re all trading in attractive ranges, and, for now, they’re flying under the Wall Street radar. With true penny stocks, limit orders (a specific purchase price) can help prevent any unnecessary price run-ups. To learn more about Market and Limit Orders be sure to read this section of Understanding Penny Stocks. Please note: U.S stocks are quoted in U.S. dollars. Canadian stocks are quoted in Canadian dollars.________________________________________ Patriot Scientific
PTSC (OTC-BB)
Industry: Communication Equipment
Price as of October 26 - $0.78
Long-term Target - $2.20 An exciting company that has gone through a dramatic and positive transition, PTSC may just hold the key to virtually every digital product being designed today...no really! PTSC is an Intellectual Property licensing company that develops, and markets innovative technologies. Patriot and privately held TPL Group are co-owners of the MMP Portfolio. The Moore Microprocessor Patent (MMP) encompasses seven U.S. patents as well as their European and Japanese counterparts. Protected through 2015, the patents include microprocessor technology breakthroughs which are believed to appear in virtually every microprocessor manufactured since 1995 and are at the heart of the global $200 billion-plus microprocessor end-use market. In other words, PTSC has the intellectual rights to technology that is in cell phones and wireless devices, smart cards, home appliances, digital cameras, medical equipment and automobiles. Or better put: everything that touches the lives of consumers today. Initial licensing efforts generated approximately $100 million in total license fees through the first quarter of calendar year 2006, of which $38 million was received by Patriot since the first license was signed in 2005. Who currently licenses Patriot’s MMP portfolio? Eleven well-known electronics companies have purchased licenses including: Intel, AMD, HP, Fujitsu, Casio, Sony, Seiko-Epson, Nikon, Pentax, Olympus, and Kenwood. To date, over 300 companies have been put on notice for the fact that they are possibly infringing on PTSC’s intellectual property. That should give you some sense of the size of potential pipeline of licensing candidates that is out there. What does the future look like for PTSC? Over the next few years PTSC will continue to license and enforce their patent portfolio. The company has a relatively low overhead and low burn rate compared to the significant revenue that is flowing from the licensing agreements. As the company accumulates more cash, it may consider paying out dividends. In 2006, the company paid out two cash dividends to share holders totaling $25 million. This included a $0.02 dividend paid in March and a $0.04 cash dividend paid in April. You can also look for PTSC to consider other joint ventures or mergers and acquisitions, or similar ventures that make sense for the company and for its shareholders.