Prospective Java chip maker Patriot Scientific Corp has now signed the deal which is making it such a hot property down on Wall Street right now. But the announcement is not forthcoming just yet. A number of motherboard manufacturers are going to use the company’s PSC1000 chip that Patriot is proposing a s a rival to Sun Microsystems Inc’s picoJava, and microJava Java chips, which are not due to begin arriving until early next year. Patriot looks like beating Sun to the tape and also claims that its will be a leaner and faster Java chip than Sun’s. However, it does not appear that the chips the board manufacturers have can run Java yet as the company is believed to be only approaching the stage now when it can demonstrate Java-on-silicon. Of course, what would really make a difference is some sort of link up with Sun, but there’s no word on that yet, despite various rumors going around. Patriot has filed four patents for the PSC1000, formerly know as ShBoom, and has another nine pending. Some in the industry have told us that it would take Sun an extra 40,000 or so transistors just to replicate the Patriot technology and avoid infringing the patent. For its part, Patriot said it’s not focusing on obtaining patents right now because of the cost and time involved; it’s more concerned with getting the product ready. The company recently signed a firm to tout its wares to Wall Street that is run by a 15-year veteran of Bear Stearns insitituional investment desk. That has caused to company’s shares to fluctuate a lot in the past week or so, including a great deal of profit taking in the past two days.