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Due
to numerous reader requests to make it easier to go back through the
site and find information about previous picks/updates, we have added
a site search engine! Just type in a related
word, phrase, or stock ticker symbol… and you'll be able to easily retrieve
the desired information. More changes/additions are coming… and yes,
we are working on an e-mailing option for the future because of the
many requests we have received.
And
now the Stockprowler.com pick of the week…
PTSC (OTC:BB) - Let me say at
the outset that PTSC is truly an
undiscovered little gem… a genuine sleeper. Although this is likely
to soon change. San Diego, California based Patriot Scientific Corp.
has begun marketing its patented PSC1000 microprocessor, the first market-ready
microprocessor for Java applications. Java is Sun Microsystems' computer
language for programs that users can run over networks or in Internet
applications. Java is ideal for implementing small, network-connected
embedded applications and excels at user friendly interfaces. This is
a burgeoning lucrative market, and the applications stagger the imagination:
hand-held personal digital assistants (PDAs), 2-way video phones, internet
cell phones, interactive pagers, smart appliances, automotive control
devices, and industrial quality controllers. In fact, sources at Patriot
Scientific anticipate annual revenues from the PSC1000 to reach $100
million to $200 million sometime in the next 5 years. Sound far fetched?
Stockprowler does not think so. The only competition on the immediate
horizon is Sun Microsystems with their Java chip, the MAJC, which in
its low-end configuration is expected to sell for around $50 when it
becomes available early this year. Contrast this with Patriot's PSC1000
which will be priced around $10 or less in large quantities. Furthermore,
the Sun MAJC is power hungry and consumes too much power to go into
handheld battery-powered devices. The PSC1000 by comparison is an elegantly
simple design… very efficient…and has low power consumption. According
to Electronic Engineering Times, the PSC1000 is a "highly integrated
32-bit CPU with two processors in one package: a microprocessing unit
for conventional processing tasks, and an input/output processor" which
can, with appropriate software, "replace many dedicated peripheral functions."
Furthermore, this design is made even more unique by its dual stack
architecture which is very efficient for processing languages like Java.
Patriot
Scientific has recently signed a distribution agreement with Antratek
Electonics of the Netherlands. Other distributors signed include: Ineltek,
Germany; Pantek Technology, Taiwan; RealVision, Japan; Integrated Electronics,
Finland; Microtronics, Southeast Asia: Iridium Data, Israel, and Acetronix,
Korea. Early last year, Patriot Scientific also announced its first
licensing agreement with VSAC, a Japanese electronics industry association.
Patriot recently
obtained a $5 million "equity line of credit" to finance ongoing development
and marketng efforts over the next 3 years. The company appears well
positioned to take advantage of the embedded Java market that is set
to explode. The potential is here for very rapid earnings growth given
the inherent superiority and low cost of the PSC1000 microprocessor.
Insiders own 32% of the company, and there has been some evidence of
recent insider buying …10,000 shares by company CEO, James T. Lunney.
PTSC closed Friday at 55 cents,
up 10% on strong volume (408,500 shares). The Stockprowler software/database
has been showing moderate to heavy accumulation over the past 3 weeks.
Happy
New Year… Stockprowler
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