Here is an article below were Pohl is quoted as saying the $$`s we will be receiving from Intel is ``significant``. I like to believe that PTSC scored more than the $10M it says in the 8k from the Intel/TPL license. It had to be a nice chunk of money to finally motivate the BOD to make drastic changes. I could be wrong and we won’t know for sure until the 10Q comes out......just a hunch on my part. Intel knew they were going to have to pay someone (PTSC/TPL), hence the cloud in their agreement - we`re not paying you jack until you prove you own a minimum of 50%. TPL on the other hand knew they were going to get the patents combined somehow, they just didn`t think they were going to have to give PTSC this much. Thanks to AMD TPL didn`t get the bargain of a lifetime. I still feel this TPL/PTSC business could have been resolved years ago.

All just speculation on my part since things are so slooowww...don`t like how the volume dried up so quickly though.

GLTA

Posted date: 6/16/2005

Patriot Scientific Names New CEO

Patriot Scientific Corp., a Rancho Bernardo high-tech research firm, named David Pohl as its chairman, chief executive and president following a landmark legal settlement reached earlier this month that Pohl said clears the path for the company’s growth.

On June 7, Patriot settled a legal dispute over the ownership of 10 patents covering technologies essential to microprocessor design with the TPL Group.

Both Patriot and TPL, based in Cupertino, claimed partial ownership to the patents based on their respective purchases of rights originally belonging to the co-inventors of the technologies, Charles Moore and Russell Fish III.

After several years of litigation, the parties agreed to form an entity to split the licensing revenue generated from the patents.

Pohl, a former longtime director of Patriot, said the legal settlement with TPL approved by the federal court June 9, changed the map for the company.

“Instead of our resources being caught up in litigation, and our being known as ‘that little guy who’s suing all the big guys,’ we are now once again what we had always intended to be — an aggressive, innovative and dynamic intellectual properties company focusing on the international microprocessor and wireless market,” Pohl said.

In 2003, Patriot filed patent infringement lawsuits against some of the largest electronics manufacturers in the world: Sony, Fujitsu, Toshiba, NEC, and Matsushita (Panasonic). The suits sought damages in the hundreds of millions of dollars. All parties countersued, along with the world’s largest suppliers of microchips and their partner, Intel Corp., based in Santa Clara.

Pohl said this week as part of the TPL agreement, Intel has agreed to a licensing settlement that he would only characterize as “significant.”

“This agreement means that Patriot will get a significant sum of money resulting from the transaction with TPL which includes licensing revenues from Intel,” he said.

Pohl replaces Jeff Whallin as CEO, who was asked to resign by the Patriot board. CFO Lowell Giffhorn was also asked to leave, although he will remain on the board of directors.

“The board decided to make a change in management,” he said.

Pohl was most recently of counsel for Herold & Sager in Encinitas, and a former attorney with Joens Day Reavis & Pogue in Ohio. He served on Patriot’s board since 2001, and before that, served as the company’s strategic business consultant.

Pohl also replaces former chairman Don Bernier, who resigned from the board in December 2004.