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June 11, 1997updated 05 Sep 2016 1:00pm

PATRIOT SHARES RISE AHEAD OF JAVA CHIP LICENSEE ANNOUNCEMENT

By CBR Staff Writer

Shares in Patriot Scientific Corp, the small semiconductor company that is likely to be the first company to roll out a Java processor for inclusion in all kinds of internet access devices were dancing for joy yesterday, after months of little or no activity. This comes about two weeks before expected announcements of licensees for its PSC1000 chip, which will have a Java operating system and Java virtual machine from NetWise distribution systems hard wired into the silicon (CI No 3,166). Patriot shares, which are traded on the Nasdaq bulletin board for penny stocks, closed up $0.24, or 16.3% at $1.71, having hit $1.73 at one point. The volume traded yesterday was nearly 480,000, more than ten times recent daily volume. The 30-employee San Diego company said it noticed the large share blocks in the morning, presumably from institutions, but did not have any explanation for the rise. We expect the announcement of licensees around the middle of the week beginning June 23. http://www.ptsc.com

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