Call it defeat with tinges of victory. Monday, Carlsbad, Calif.-based Patriot Scientific Corporation (OTC:PTSC) learned that the U.S. Supreme Court denied the petition by launched by Patriot and two other companies for a writ of certiorari with respect to patent litigation previously before the United States Court of Appeals for the Federal Circuit that alleged infringement of the ‘336 patent against multiple defendants.
Patriot says it will continue to evaluate the future direction of the company and anticipates providing an update in the near future.
Patriot Scientific is the co-owner of the Moore Microprocessor Patent Portfolio. The MMP Portfolio includes U.S. patents as well as their European and Japanese counterparts, which cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles.
Shares in PTSC vaulted 29.2% late Tuesday afternoon to 31-100ths of a cent, on volume topping 619,000 shares.
