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Reality Check | Ephraim Schwartz » Stock holders lambaste Reality Check blog post

December 18, 2007 | Comments: (0)

Stock holders lambaste Reality Check blog post

I’ve been getting a lot of hate mail over my recent post about Patriot Scientific settling with Toshiba, Panasonic and others over a patent infringement suit against those companies for using the Moore Microprocessor Patent Portfolio owned by Patriot without a license to do so.

It seems nothing makes shareholders angrier than when you say something they perceive as negative which threatens the share price.

So, to give the other side a hearing let me publish a few of the comments. Names deleted to protect the not so innocent.

"Better get your facts straight. There are several hundred companies left that must comply with the patents held by TPL and Patriot.

"In addition Patriot has a long history of R&D involving this chip including a long list of unsuccessful attempts in their sales efforts.

"The patent is the only bright spot in a history of errors and misguided efforts by this company. A prime example of bunglers tripping over a gold nugget."

Nice.

"Hey [explicative deleted]…wad..... Get the headline right... Neither Intel nor AMD are in litigation with PTSC...

"In fact both have licensed the MMP.. in fact they were they first two. Correct your headline already. Your are on the verge of being libelous.

Actually this commenter is incorrect in several areas. The correct abbreviation is not MMP but MMPP.

When he says "your on the verge of being libelous" he should know that the word is you're, a contraction of you are.

Finally, there were two separate stories linked together by the fact that they are both about microprocessor companies and their legal imbroglios.

And, I never said that AMD and Intel just settled with Patriot Scientific. The reader needs to follow the story a bit more closely.

Finally this, "in regards to the article released today (12/08/07) entitled:
Microprocessor giants settle with Patriot Scientific.

The line below is completely in accurate and may have hurt the stock price today - I am an investor.

PLEASE release a correction article for the following:
"Few companies, if any, remain to settle with Patriot and TPL."

FACTS according to Patriot Scientific:

Patriotic Scientific has put over 485 possible infringers on notice.
Over 220 possible infringers have responded to the notice.

Now that should make those shareholders happy.

Posted by Ephraim Schwartz on December 18, 2007 04:46 PM


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Hey, thanks for getting your crap straight. LOL
I appreciate it.

Posted by: cp at December 18, 2007 06:31 PM

If you thought that was "hate mail" then I am beginning to understand how you mangled the facts concerning Patriot Scientific.

I am sure you will do better next time.

Posted by: George at December 18, 2007 07:13 PM

PTSC DD info...
ht_tp://www.agoracom.com/ir/patriot/messages/669023#message

Posted by: BaNos at December 18, 2007 09:29 PM

wow- ephraim, way to go. A little defensive when you botched the job? Perhaps a little more research and accuracy-checking is in order in the future?

is it painful to walk around with that stick up "your" arse?

Posted by: dixon at December 18, 2007 10:57 PM

You really are a douche bag, the commenter had it right at MMP, the name of their portfolio. Do your research, at least go to the freaking website to see it right on the landing page...really sad this shitty blog even wasted 3 minutes of my life and somehow made it onto several reputable sites. Shame on you, douche fucks.

Posted by: jas_sd at December 18, 2007 11:20 PM

You people really need to take a chill pill and settle down.

Posted by: J at December 19, 2007 11:31 AM

Schwartz, those aren't your normal shareholders. They're retailers who woke up to a big pile of poo when they were expecting a big pile of money. They've waited years for the settlement and when it didn't happen exactly as they had hoped (hundreds of millions of dollars announced and a $10 share price), like spoiled kids who don't get ice cream they are throwing tantrums.

Don't assume that every irate, misspelled flame sent your way is sent by a professional or even skilled investor.

You had some facts wrong, indeed. None of which in any way influenced recent price action in the PTSC share price. The emails should flatter you though, with all those people thinking you have such power over the OTCBB.

If you want some fun, check out the agoracom link posted above. It's home of the 10,000-share holders who are waiting to retire on PTSC.

Posted by: Provider at December 19, 2007 01:51 PM

Actually, the volatility of the OTCBB is nothing new. If you look at the sp of PTSC you will see that it is in steady rise for the past 3 months. Was I hoping for a better sp today? of course. Not expecting it though as you, provider, being a "skilled trader" should know. I am a professional however and I don't respect the ramblings of inept reporting. My investment in PTSC will be fine over the long run. I just hope Schwartz takes the time to recognize that his reputation (whats left of it)won't be.

Posted by: head22 at December 19, 2007 02:04 PM

after reading some of your past articles it is clear to me that you are just a bad writer. however, if you did get a "bonus check" to write a slanted piece, please spend it on the staples. buy tube socks or canned ham or electronic items without microprocessors if you can find them. i think you need the money more than ptsc does.

Posted by: gimp at December 20, 2007 08:52 AM

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