am, as we all are, frustrated and concerned about the downward direction in the companys stock, the decline fueled by the current uncertainties affecting the companys key asset, the MMP portfolio. ARMs web release is misleading, if not inaccurate. Product Shopper.
Patent reexaminations for 148, 336, 584 and 749 Late last year the USPTO began the patent reexamination process for four key patents in the MMP portfolio. Since the resumption of the buyback program, the company has purchased more than million shares. Moore, chief technology officer of TPL Group, who is credited with inventing the Forth software programming language and is known for his work in the on stackbased microprocessors.
As for concerns regarding Patriots financial condition, we have cash, no debt, public company presence with access to public equity funds and the ability to transition into viable operating company going forward. We are making good progress in identifying, assessing and positioning future M&A transactions as will outline in more detail in my shareholder letter later this month. Sincerely,Rick GoernerPresident and CEOPatriot Scientific CorporationPatent reexaminations for 148, 336, 584 and 749 Late last year the USPTO began the patent reexamination process for four key patents in the MMP portfolio licensing effort is alive and well.
In this update, will summarize my current understanding, based on discussions with our legal team, of the recent public announcements by the Supreme Court and its ruling on LG vs Quanta The Supreme Court, earlier this week, handed down ruling denying chip licensors the chance to secure additional fees from chip component users system suppliers if not specifically covered in the contract. Since the resumption of the buyback program, the company has maintained its share buyback program, actively buying shares in the open market, as we view the current price at an attractive level to buy back shares.
These specialized search sites will help you find the business information you need fast. For more great jobs, career related news, features and services, please visit EETimes Career Center. CAREER CENTER Ready to take that job and shove it? Open MEDIA KIT Sponsor Products .Subscribe to Print Patriot stocks were traded in particularly high volume on at which point the stock dropped to cents. However, the prevailing conventional wisdom, supported by statistical data such as the recent study by Pat Choate, noted economist and student of the patent being reexamined.