On February 28, 2008, Jim Turley resigned from his positions as the President and Chief Executive Officer, and as a member of the Board of Directors, of Patriot Scientific Corporation.

Embedded: IP licensing firm on the prowl for new ideas

-- Control Engineering, 12/10/2007

Santa Barbara, CA — Jim Turley, president and CEO of Patriot Scientific (PTSC) in Carlsbad, CA, says his company is looking for significant embedded systems or microprocessor technology in which to invest. “Our company developed significant intellectual property, which it began licensing to a number of major microprocessor and other embedded-system companies during the 1990s,” he says, “We now have income in the tens of millions of dollars per year to invest in new businesses and technology.” 

2007-12-18

TPL, Toshiba, Matsushita (Panasonic), and JVC Resolve Microprocessor Dispute

 

Unless some earth shattering event took place within the 8 days between Turley's remark and the announcement of the settlement in which "All parties are pleased with the business resolution of their dispute and will be voluntarily dismissing their Texas and California lawsuits" then our former CEO/President and Board member may have breached his fiduciary responsibility.

 Up Next....continuing the BOD removal...

 

Go PTSC Onwards and Upwards!

 

Cheers~