IMMR

[JKN]

I got in ahead of you guys, I added some more at the end of January.  Hmmm, if it pulls back again, maybe I'll add some add more...

I look forward to a very profitable trade on this in the future...

kent

[Garoh]

very good move David ..

Now it looks very cute from a technical standpoint .

[Terliso]

Looks like IMMR hit the bottom, got to grab some shares tomorrow..

[la-onda]

welcome back Terliso,
I have bought some IMMRs @ 10.07$
cheers
Oliver

[Garoh]

Yes Terliso , it looks like a bottom here ..

I'm already back at $10 yesterday .

We could see some interesting things today 

[tokyopua]

Press release that I got from Etrade today about IMMR follows.  Also has a company contact for those more proactive than me in that area  that might want to contact IMMR directly

--------------------------------------------------

atent Study Reveals Immersion's Innovation, Impact, and Leadership in Haptics Technology

Feb 26, 2008 08:30:05 (ET)


SAN JOSE, Calif., Feb 26, 2008 (BUSINESS WIRE) -- Immersion Corporation (IMMR, Trade ), a leading developer and licensor of touch feedback technology ( http://www.immersion.com/corporate/ ), announces that results of a study on patent impact, prepared by 1790 Analytics, show Immersion ranked first in Pipeline Originality, ahead of companies such as AT&T, Boeing, Cisco, Hewlett-Packard, IBM, Intel, Medtronic, Microsoft, Motorola, Nokia, Samsung, Sony, and Xerox.

IEEE Spectrum magazine, which commissioned the study, selected 9 industry categories and published results of the top 20 companies in each of those industries (180 companies in total) from a dataset of more than 1,300 companies. In the overall rating of Patent Power, Immersion ranked 5 th in its industry category, Computer Peripherals and Storage, which also included Ricoh, Seiko Epson, Hitachi Global Storage, EMC, Konica Minolta, and Symbol Technologies. It ranked 46th in Pipeline Power among the more than 1,300 companies in the original dataset.

Immersion's rankings within its industry category and within the 180 top companies in IEEE Spectrum's published results were:

-- First in Pipeline Originality for its industry and first compared to the top 180 companies across 9 industries. This indicator measures the variety of technologies on which an organization's patents build, based on the concept that inventions created by combining ideas from several different technologies tend to be more original than those that make incremental improvements using the same technology.

-- First in Pipeline Generality for its industry and 17th compared to the top 180 companies. This indicator measures the variety of technologies that build on an organization's patents, based on the notion that patents cited by those in many different fields tend to have more general application than those cited by patents in the same field.

-- Second in Adjusted Pipeline Impact for its industry and 20th compared to the top 180 companies. This indicator measures how frequently an organization's patents from the previous 5 years were cited by patents issued in 2006, adjusted for self-citation. Pipeline Impact reflects both the extent to which an organization is developing its own technology and the impact of its technology on others in the industry.

-- Fourth in Pipeline Growth for its industry and 29th compared to the top 180 companies. This indicator measures an organization's patent activity.

"As the study shows, Immersion has a very strong spirit of innovation, even compared to much larger organizations," said Michael D. Levin, vice president of IP strategy. Levin is responsible for optimizing the creation and acquisition of IP assets, performing competitive analysis, and identifying strategic market opportunities and partnerships. "Our objective is to expand human-computer interface capabilities for a more intuitive, productive, and satisfying user experience, which will lead to high value and return on investment for our customers and licensees.

"Our patent portfolio is strong and relevant to products and applications across a broad range of industries including automotive, consumer electronics, entertainment, industrial controls, medical training, and wireless communications. It includes over 75 patent applications filed and over 50 patents issued in 2007, bringing our total to over 700 issued and pending patents. We are increasing our internal investment in research activities that can generate significant innovations for future growth. In addition, we are collaborating with research groups in universities and businesses to extend haptics technology and explore new applications."

About 1790 Analytics ( http://www.1790analytics.com )

1790 Analytics, which takes its name from the year the first U.S. patent was awarded, works with Fortune 500 companies in technology evaluation, intellectual property licensing, and merger and acquisition targeting and due diligence. The company helps its clients capitalize on intellectual property holdings and understand and evaluate the intellectual property owned by competitors.

About IEEE Spectrum ( http://spectrum.ieee.org/ )

IEEE Spectrum magazine is the flagship publication of the IEEE, the world's largest professional technology association. A monthly magazine for technology innovators, business leaders, and the intellectually curious, IEEE Spectrum explores future technology trends and the impact of those trends on society and business. IEEE Spectrum is read by over 385,000 technology professionals and senior executives worldwide in the high technology sectors of industry, government, and academia.

About Immersion ( www.immersion.com )

Founded in 1993, Immersion Corporation is a recognized leader in developing, licensing, and marketing digital touch technology and products. Using Immersion's advanced touch feedback technology ( http://www.immersion.com/corporate/products/ ), electronic user interfaces can be made more productive, compelling, entertaining, or safer. Immersion's technology is deployed across automotive, entertainment, industrial controls, medical training, mobility, and three-dimensional simulation markets. Immersion's patent portfolio includes over 700 issued or pending patents in the U.S. and other countries.

Immersion and the Immersion logo are trademarks of Immersion Corporation in the United States and other countries. All other trademarks are the property of their respective owners.

SOURCE: Immersion Corporation


A&R Edelman
Angie Ayala, +1-650-762-2952
[email protected]

[Se7en]

In at $10.08

[pinoleropuro]

I got some on the 25th at 9.42 and got a little more yesterday at 10.04 so hopefully this MACD indicator is valid. sorry I am not a technician so I am not famlliar with using the MACD.
In looking at the slow sochastics both the daily and weekly are over the 50% heading up so at least in the short term is bullish. I pulled it in Barchart.com and it confirms it check it out!

[la-onda]

IMMR: Short Interest DN 1.2% to 3.5M in Mid Feb 2008
Wednesday, February 27, 2008 16:21ET

According to new short interest data from NASDAQ, short interest for Immersion Corporation (NasdaqNM: IMMR) DECREASED 1.2% to 3,456,390 shares as reported in mid-February, 2008.
Based on IMMR's 20-day average daily share volume of 462,010, it would require approximately 8 day(s) of buying to cover this short interest.

nice chart before earnings:

[David Randolph]

IMMR's earnings will be out after the close and I'll hold through them.

[Garoh]

IMMR Immersion Corp beats by $0.02, beats on revs (10.24 -0.02) 

Reports Q4 (Dec) earnings of $0.02 per share, $0.02 better than the First Call consensus of ($0.00); revenues rose 15.1% year/year to $9.9 mln vs the $9.2 mln consensus. The Co has determined that a correction is needed to the previously issued financial reports for the three months ended March 31, 2007 and for the six and nine months ended June 30, 2007 and September 30, 2007, respectively. 

[kslifka]

Report...thoughts.??

Immersion Corporation Reports Fourth Quarter 2007 Financial Results
Last update: 2/28/2008 4:35:01 PM
SAN JOSE, Calif., Feb 28, 2008 (BUSINESS WIRE) -- Immersion Corporation (IMMR), a leading developer and licensor of touch feedback technology, today announced its fourth quarter 2007 financial results. Revenues were $9.9 million for the quarter ended December 31, 2007 or 15 percent higher when compared to revenues of $8.6 million for the fourth quarter of 2006.
Net income for the fourth quarter was $0.5 million compared to a net loss of $(2.0) million for the fourth quarter of 2006. Diluted earnings per share were $0.02 for the quarter compared to $(0.08) loss per share for the fourth quarter of 2006.
Revenues were $34.7 million for the year ended December 31, 2007 compared to revenues of $27.9 million for the year ended December 31, 2006, an increase of 25 percent. Net income for the year ended December 31, 2007 was $117.0 million, or $3.71 diluted earnings per share, compared to a net loss of $(10.4) million, or $(0.42) loss per share, for the year ended December 31, 2006.
As of December 31, 2007, Immersion had cash, cash equivalents, and short-term investments totaling $138.1 million compared to $137.2 million as of September 30, 2007.
"In 2007, Immersion achieved revenue growth of 25 percent and profitability in each of the four quarters," said Victor Viegas, Immersion CEO, president, and chairman of the board. "We have substantial organic growth opportunities in our medical, mobility, and touch interface products businesses. We have a strong balance sheet that allows us to increase investment in new product development and in sales and marketing to drive a faster pace of customer adoption of our products and technologies worldwide."
The Company has determined that a correction is needed to the previously issued financial reports for the three months ended March 31, 2007 and for the six and nine months ended June 30, 2007 and September 30, 2007, respectively. The Company has determined that in the March 31, 2007 quarter, it understated income tax expense by $6.6 million. The net correction was the result of overestimating state income tax expense, offset by an error in releasing valuation allowance to income tax expense related to stock option deductions for prior years. This correction has no effect on revenue, operating income, or cash balances. The impact of these corrections is to increase previously reported income tax expense by $6.6 million, reduce income tax liability by $0.7 million, increase deferred tax assets by $0.3 million, and increase stockholders' equity by a net $1.0 million. Please refer to the Form 8-K filed with the Securities and Exchange Commission today for details on the correction. The Company's consolidated financial statements as of and for the year ended December 31, 2007 reflect the impact of the correction described in the Form 8-K.
Immersion will host a conference call with company management on Thursday, February 28, 2007 at 5:00 p.m. Eastern time to discuss operating results for the fourth quarter ended December 31, 2007. A question and answer session will follow. To listen to the call, dial +1 800.374.2366 approximately five minutes prior to the start of the call and enter confirmation number 29315103. The call will be archived and available for replay until March 7, 2008, by dialing +1 800.642.1687 and entering confirmation number 29315103. The call will also be simulcast on the Internet through Immersion Corporation's Web site, . An audio replay of the call will be archived and available at for replay until February 28, 2009.
About Immersion ()
Founded in 1993, Immersion Corporation is a recognized leader in developing, licensing, and marketing digital touch technology and products. Using Immersion's advanced touch feedback technology (), electronic user interfaces can be made more productive, compelling, entertaining, or safer. Immersion's technology is deployed across automotive, entertainment, industrial controls, medical training, mobility, and three-dimensional simulation markets. Immersion's patent portfolio includes over 700 issued or pending patents in the U.S. and other countries.
Forward-Looking Statements
This press release contains "forward-looking statements" that involve risks and uncertainties as well as assumptions that, if they never materialize or prove incorrect, could cause the results of Immersion Corporation and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements.
All statements, other than the statements of historical fact, are statements that may be deemed forward-looking statements, including any projections of earnings, revenues, profitability targets or other financial matters; any statements of the plans, strategies, and objectives of management for future operations; any statements relating to Immersion's ability to maintain effective internal control over financial reporting and disclosure controls and procedures; any statements regarding consumer or market acceptance of touch feedback products in general; future development of force feedback products; proposed products or services; any statements regarding future economic conditions or performance; and statements of belief or assumptions underlying any of the foregoing. Immersion's actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with Immersion's business, which include but are not limited to delay in or failure to achieve commercial demand for Immersion's expanded technology offerings; a delay in or failure to achieve the acceptance of force feedback as a critical user experience in new and existing markets for our business segments; and risks and uncertainties associated with ongoing and prospective litigation.
For a more detailed discussion of these factors and other factors that could cause Immersion's actual results to vary materially, interested parties should review the risk factors listed in Immersion's most current Form 10-Q, which is on file with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release reflect Immersion's beliefs and predictions as of the date of this release. Immersion disclaims any obligation to update these forward-looking statements as a result of financial, business, or any other developments occurring after the date of this release.
Immersion and the Immersion logo are trademarks of Immersion Corporation in the U.S. and other countries.

                        Immersion Corporation                Condensed Consolidated Balance Sheets                            (In thousands)                                           December 31,  December 31,                                               2007          2006                                            (Unaudited)       (1)                                           ------------- -------------ASSETS  Cash and cash equivalents                $      86,493 $     32,012  Short-term investments                          51,619            -  Accounts receivable, net                         5,494        5,153  Inventories, net                                 3,674        2,639  Deferred income taxes                            3,351            -  Prepaid expenses and other current assets        3,036        1,179                                           ------------- -------------      Total current assets                       153,667       40,983  Property and equipment, net                      2,112        1,647  Deferred tax assets, net                         4,031            -  Intangibles and other assets, net                8,558        7,385                                           ------------- -------------TOTAL ASSETS                               $     168,368 $     50,015                                           ============= =============LIABILITIES  Accounts payable                         $       1,657 $      2,334  Accrued compensation                             1,828        1,526  Income taxes payable                               534            -  Other accrued liabilities                        2,095        1,750  Deferred revenue and customer advances           4,478        1,716                                           ------------- -------------      Total current liabilities                   10,592        7,326  Long-term debt                                       -       18,122  Long-term liabilities and deferred   revenue                                        15,989       32,559  Long-term customer advance from Microsoft            -       15,000                                           ------------- -------------      Total liabilities                           26,581       73,007STOCKHOLDERS' EQUITY (DEFICIT)                   141,787      (22,992)                                           ------------- -------------TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                                 $     168,368 $     50,015                                           ============= =============(1) Derived from Immersion's annual audited consolidated financial statements.

                        Immersion Corporation           Condensed Consolidated Statements of Operations               (In thousands, except per share amounts)                             (Unaudited)                                  Three Months           Years                               Ended December 31,  Ended December 31,                                 2007      2006      2007      2006                               --------- -------- ---------- ---------Revenues:  Royalty and license          $  4,019  $ 2,356  $  11,881  $  7,304  Product sales                   4,242    5,539     18,541    17,083  Development contracts and   other                          1,629      714      4,280     3,466                               --------- -------- ---------- ---------      Total revenues              9,890    8,609     34,702    27,853                               --------- -------- ---------- ---------Costs and expenses:  Cost of product sales   (exclusive of amortization   of intangibles shown   separately below)              2,275    2,056      8,808     7,193  Sales and marketing             2,935    3,455     11,493    12,609  Research and development        2,518    2,184     10,056     7,609  General and administrative      3,405    2,506     12,567    10,076  Amortization of intangibles       263      313      1,002       969  Litigation conclusions and   patent license                     -     (300)  (134,900)   (1,650)                               --------- -------- ---------- ---------      Total costs and expenses   11,396   10,214    (90,974)   36,806                               --------- -------- ---------- ---------Operating income (loss)          (1,506)  (1,605)   125,676    (8,953)Interest and other income (expense), net                   1,817     (364)     4,830    (1,327)                               --------- -------- ---------- ---------Income (loss) before provision for income taxes                   311   (1,969)   130,506   (10,280)Benefit (provision) for income taxes                              200      (13)   (13,488)     (144)                               --------- -------- ---------- ---------Net income (loss)              $    511  $(1,982) $ 117,018  $(10,424)                               ========= ======== ========== =========Basic net income (loss) per share                         $   0.02  $ (0.08) $    4.23  $  (0.42)                               --------- -------- ---------- ---------Shares used in calculating basic net income (loss) per share                           30,253   24,662     27,662    24,556                               --------- -------- ---------- ---------Fully diluted net income (loss) per share              $   0.02  $ (0.08) $    3.71  $  (0.42)                               --------- -------- ---------- ---------Shares used in calculating fully diluted net income (loss) per share                32,488   24,662     31,667    24,556                               --------- -------- ---------- ---------

SOURCE: Immersion Corporation

Immersion CorporationStephen Ambler, [email protected]

Copyright Business Wire 2008

[soxguy]

The market doesn't like the numbers,but what else is new? Good results or bad seem to get treated the same.

[Se7en]

Bid/ask are moving back up now.

I think the numbers weren't bad but that some people were 'frightened' by this:


The Company has determined that a correction is needed to the previously issued financial reports for the three months ended March 31, 2007 and for the six and nine months ended June 30, 2007 and September 30, 2007, respectively. The Company has determined that in the March 31, 2007 quarter, it understated income tax expense by $6.6 million. The net correction was the result of overestimating state income tax expense, offset by an error in releasing valuation allowance to income tax expense related to stock option deductions for prior years. This correction has no effect on revenue, operating income, or cash balances. The impact of these corrections is to increase previously reported income tax expense by $6.6 million, reduce income tax liability by $0.7 million, increase deferred tax assets by $0.3 million, and increase stockholders' equity by a net $1.0 million. Please refer to the Form 8-K filed with the Securities and Exchange Commission today for details on the correction. The Company's consolidated financial statements as of and for the year ended December 31, 2007 reflect the impact of the correction described in the Form 8-K.

[buddjas1]

My take was that it was a so-so quarter, EPS and revenue basically the same as last quarter and decent growth year to year.  Not exactly a "wow" stock, but the stock has been punished so much in the last eight months that IMMR is already close to the bottom.  I see probably a trickle down to $9 or so, with the earnings release cancelling out the recent technical breakout.

More sit and wait.