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Message: Paranoid, Reply: YES

Paranoid, Reply: YES

posted on Mar 01, 2008 09:35AM

CARLSBAD, Calif.--(BUSINESS WIRE)--Patriot Scientific (OTCBB:PTSC - News) announced today the appointment of chip industry veteran Rick Goerner as the company's Interim President and CEO succeeding Jim Turley, who resigned his position as the company's President and CEO effective February 28. Goerner’s appointment is effective today.

Patriot’s Chairman of the Executive Committee, Carlton Johnson, said, "Rick has solid operating experience in the semiconductor industry with companies like Phillips, Silicon Systems, TDK (Japan) and Texas Instruments. He has been involved in the integration of acquisitions, including both chip and software companies, from both sides. The Board is confident that Rick’s knowledge, experience and enthusiasm will help guide Patriot through the current management transition and move our company forward. He has an extensive network with venture capital firms and investment bankers. I look forward to working with him and strongly supporting his efforts."

"I am excited to join Patriot Scientific at this time. I’m pleased that Patriot's Board of Directors has selected me to lead the company through the current management transition and to help position the next stage of growth for Patriot," said Goerner.

Interim?? 2 weeks, 2 months, 2years????

Venture Capital firms: Swartz and Lincoln? and what other crooks?

Transition: through the current management transition: Johnson fires Pohl and Turley and to help position the next stage of growth for Patriot: God help us on that one.

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