Re: Markman
in response to
by
posted on
Apr 16, 2009 11:00AM
This board has already duscussed the issue of a business plan or the lack thereof. Suppose we accept the argument that the law suits is a form of business plan. This is not unreasonable and some firms have done so. For example, Rambus- a firm with Stanford people, found out that their IP was violated and they suit everybody under the sun and for the most part successfully so. They settled for several millions (notice here several millions). But in the process they decided that they will be an engineering firm that will concetrate in innovation and they will license their IP to others. The stock went from a few dollars to one hundred and back to around ten. But they communicated their intentions to their shareholdres clearly and without any buts or ifs.
I wish Edig does the same. There is not any excuse for playing with us and RP becoming the Delphi oracle. The management has to tell us what is their intention and where they want to take the company. This is certainly not an unseasonable request. If we accept that DM decides the strategy as to who is going to be next, then the management has to tell us all how they themselves earn their salaries.
History suggests that the use of their funds for mergers and take overs has not been particularly successful in the case of Patriot scientific and there is an overlapping of executives in these two firms.