Tuesday, June 6, 2006
Patriot Scientific Corp. persuaded Intel Corp. to part with $10 million in a one-off payment for the use of a portfolio of processor patents, according to a recent filing with the U.S. Securities and Exchange Commission.
Advanced Micro Devices Inc. (AMD) paid about $2.95 million, also in a one-off payment, but other licensees have paid considerably more, a 10-QSB form has revealed.
Patriot (San Diego) has a stake in the Moore Microprocessor Patent portfolio, and has benefited from license agreements with AMD, Intel, Hewlett-Packard, Fujitsu Ltd. and Casio Computer Co. Ltd. The MMP portfolio is owned jointly by Patriot and the TPL Group (Cupertino, Calif.) through a company known as “JV LLC” and is managed and licensed by TPL.
Patriot and TPL announced that Sony Corp. is the latest systems company to sign up as a licensee .
Although the terms of the Sony arrangement were not disclosed, details were revealed about earlier deals.
During the third quarter of Patriot’s fiscal 2006, which ended on Feb. 28, 2006, the joint venture signed licensing agreements for intellectral property with Hewlett Packard, Fujitsu and Casio based on one-time payments totaling $60 million, Patriot said.
In June 2005, Patriot agreed with Intel Corp. to license intellectual property for a one-time payment of $10 million. For the nine months ending on Feb. 28, 2005, license revenue consisted of approximately $2.95 million from a one-time licensing agreement with AMD, Patriot stated in the 10-QSB.
AMD was the first company to license the MMP portfolio in February 2005. Terms of the licensing deal were undisclosed at the time, although AMD did announce it had taken an undisclosed stake in Patriot Scientific. Intel licensed the MMP portfolio in July 2005 and HP signed up in January 2006. Again, terms were not disclosed at the time. Patriot Scientific revealed subsequently that semiconductor makers like Intel Corp. and AMD are not being required to pay royalties on MMP licenses.
The MMP portfolio is named after inventor Charles H. 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 1980s on stack-based microprocessors.
By: DocMemory
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