12/24/2007
Clarification: Patriot Scientific/TPLAnnounce Litigation Settlement/Granting of Licenses to all Defendants Another
License Granted to Verigy Ltd;Speculative Buy Rating Reiterated
Patriot Scientific announced on Monday, December 18, 2007, that TPL and NEC Electronics America, Toshiba, Matsushita
(Panasonic), and JVC settled the Microprocessor Patent™ Portfolio legal disputes with two patent infringement lawsuits pending
in the US District Courts in the Eastern District of California. The original Research Note indicated that only NEC Electronics was
granted a license, this was incorrect - under the terms of the settlement all defendants were granted licenses by the TPL Group
of rights under the Moore Microprocessor Patent Portfolio.
In addition, Patriot Scientific announced on December 21, 2007, that Verigy Ltd. has purchased a Moore Microprocessor Patent™
(MMP) Portfolio license. Verigy is a premier automated test equipment (ATE) company with two decades of heritage in
semiconductor testing.
SUMMARY
We reiterate our Speculative Buy Rating and our $0.92 price per share target for Patriot Scientific.
Current Dutton Associates disclaimer and 17b disclosure information regarding Patriot Scientific
