Friday, March 17, 2006

Penny Stocks PTSC News

Patriot Scientific To Now Focus On Outcome of Infringement Lawsuit in Texas

Northern California court grants TPL's motion to stay proceedings pending outcome of infringement proceedings against major Japanese manufacturers in Eastern District of Texas

Patriot Scientific Corporation (OTC Bulletin Board Penny Stocks: PTSC message board, quote, news, dd), an intellectual property licensing company, today announced that the U.S. District Court of Northern California has stayed the declaratory judgment actions recently filed in that court against the TPL Group, a global intellectual property management company, and Patriot Scientific, et al, by major Japanese manufacturers. Further proceedings in the California actions were stayed pending outcome of TPL's earlier-filed action against those same companies in the U.S. District Court in the Eastern District of Texas. This clears the way for the Texas court -- sometimes referred to as the "rocket docket" for its expeditious rulings in patent infringement cases -- to now take the lead in judging TPL's broad-based intellectual property claims for infringement of three of the 10 patents in the Moore Microprocessor Patent(TM) (MMP) Portfolio that is jointly owned by the TPL Group and Patriot Scientific.

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