CARLSBAD, Calif.--(BUSINESS WIRE)--Patriot Scientific Corp. (OTCBB:PTSC - News) today issued the following letter to all shareholders.To all shareholders and supporters of Patriot Scientific, the purpose of this letter is to update you on activities at the company. It is my intention to provide regular communication through these letters to provide insight to you on topical issues and to provide a uniform status report on activities at the company. In this letter I’d like to focus on three areas: activities to expand Patriot’s business, the status of our Auction Rate Product Obligation investments (ARPs), and actions to address other areas of shareholder feedback and concern.
First, I’d like to introduce and welcome, Mr. Don Schrock to Patriot’s board of directors. Don is a veteran of the semiconductor business and most recently, led Qualcomm’s CDMA group to over $1 billion in revenues. While at Qualcomm, Don was involved in several of Qualcomm’s M&A activities and will, henceforth, chair Patriot’s M&A committee. Through his past position on the board of the Fabless Semiconductor Association (FSA), Don has an extensive network of valuable industry connections. He will be an important asset and resource to assist Paul, Cliff, and myself with our M&A efforts.
Update on positioning Patriot for future growth
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