What is the current value of the MMP
posted on
Mar 17, 2011 11:39PM
I posted the press release (below) back in January and would like to take the liberty of posting it again. The press release referenced is dated Nov 2001 in which a fair market value of $187 Million was placed on four of PTSC's patents. Do you believe that it is in shareholders' best interest to have PTSC hire another independent company to evaluate all of the patents as they exist today to determine a new value?
We also know of at least $220 million in revenues from licensing efforts 2006-2008 and according to Moore, TPL's focus to commercialize the MMP portfolio has been lost. Don't you wonder why their focus was lost?
PTSC ~ SAN DIEGO--(BUSINESS WIRE)-Nov. 29, 2001- Inavisis, an independent intellectual property evaluation firm based in San Diego, has placed a fair market value of $187 million on four of Patriot Scientific Corp.'s (OTCBB: PTSC.U) patents covering its embedded microprocessor technology.
The Company previously announced, in a press release dated November 5th 2001, that it received an initial fair market value in excess of $120 million on a few of its portfolio patents. The initial valuation was preliminary pending the release of industry forecast information scheduled for dissemination later that week. After the industry numbers were released, Inavisis was able to complete and provide PTSC with its final evaluation.
"While we are happy with the final results of the evaluation, our enthusiasm lies within the real market potential of PTSC's technologies," said Donald Bernier, Chairman and CEO of PTSC. "The current technology trend is to not only increase functionality and performance but also to reduce the size of cell phones, and other handheld devices. Companies are moving away from putting systems on a motherboard to a more revolutionary `system on a chip' solution where all the components of the system- memory, Ethernet etc., will fit on a single chip. We have worked diligently to position PTSC as a significant player in this front."
Ignite I is a market-ready, proven architecture designed to be a sophisticated 32-bit microprocessor with concurrent support of C and Java programming languages. PTSC has successfully integrated the industry's smallest and most powerful reduced operand set computer (ROSC) 32-bit microprocessor together with a full Java application environment including Sun Microsystems' Personal Java and WindRiver's VxWorks, ensuring real-time system response for time-critical system tasks.
Mr. Bernier continued, "Our products are targeting the automotive, entertainment, communications, industrial controllers and smart cards market spaces which according to industry numbers, will be as high as $500 billion over the course of the next three to four years. Our niche markets are subsets within these larger markets, including wireless and other mobile devices, appliances, home gateways and set top boxes with an estimated market of $37 billion per year and growing. We are now making licenses for our valuable technology available to customers in these target markets."
Inavisis reviewed only a portion of the patents related to the core microprocessor technology and has yet to address additional intellectual property in PTSC's portfolio. Not included in the current analysis are additional core microprocessor technologies as well as pending patents covering JUICEtechnology, DECAFtechnology and C911 technology.
MMP 2010
Fast forward to Moore’s complaint in which he mentions that revenues from the commercialization of the MMP were $20 million in 2005, $100 million in 2007 and $100 million in 2008.He goes on to say that as TPL expanded the scope of Defendant Alliacense’s licensing activities, its focus on the MMP Portfolio was lost.Marketing efforts became diffuse and disorganized; TPL engaged in cross-licensing and commingling of licenses between and amoung its patent portfolios permitting it to create licensing arrangements and to direct revenues as it saw fit; too often upon information and belief, in the direction of technologies TPL owned or controlled, and away from the MMP portfolio, to the detriment of Plaintiff Moore and of PTSC.