Edition:
India

Immersion Corp (IMMR.OQ)

IMMR.OQ on NASDAQ Stock Exchange Global Select Market

7.40USD
1:53am IST
Change (% chg)

$-0.04 (-0.54%)
Prev Close
$7.44
Open
$7.44
Day's High
$7.45
Day's Low
$7.25
Volume
65,425
Avg. Vol
90,922
52-wk High
$11.84
52-wk Low
$5.77

Latest Key Developments (Source: Significant Developments)

Immersion Announces Adoption Of Stockholder Rights Plan
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Immersion Corp ::IMMERSION ANNOUNCES ADOPTION OF STOCKHOLDER RIGHTS PLAN.IMMERSION CORP- SETS TRIGGER AT 10 PERCENT.  Full Article

Immersion Corporation Announces Restructuring
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Immersion Corp ::IMMERSION CORPORATION ANNOUNCES RESTRUCTURING.IMMERSION - PLANS TO SIGNIFICANTLY REDUCE PRESENCE IN CHINA TO FOCUS PRIMARILY ON MOBILE OEM LICENSING.IMMERSION CORP - IMMERSION ANTICIPATES ANNUAL SAVINGS FROM RESTRUCTURING ACTIONS TO BE APPROXIMATELY $10 MILLION.IMMERSION CORP - ESTIMATES TOTAL COSTS RELATED TO RESTRUCTURING EFFORTS TO BE IN RANGE OF $1.5 MILLION TO $2.0 MILLION.IMMERSION - RESTRUCTURING WILL RESULT IN ELIMINATION OF 56 POSITIONS, OR ABOUT 41% OF WORLDWIDE EMPLOYEE BASE.IMMERSION CORP - EXPECTS RESTRUCTURING ACTIVITIES WILL BE COMPLETED DURING Q1 2018.  Full Article

Raging Capital Management Reports 13.4 Pct Stake In Immersion Corp
Tuesday, 5 Dec 2017 

Dec 4 (Reuters) - Raging Capital Management Llc:RAGING CAPITAL MANAGEMENT LLC REPORTS 13.4 PERCENT STAKE IN IMMERSION CORP ‍​AS OF NOVEMBER 30 VERSUS A STAKE OF 9.8 PERCENT STAKE AS OF MAY 12 - SEC FILING.RAGING CAPITAL MANAGEMENT SAYS IT ENCOURAGES IMMERSION'S BOARD TO MOVE QUICKLY IN HIRING NEW CEO.  Full Article

Immersion Corp Appoints Carl Schlachte As Interim CEO
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Immersion Corp ::IMMERSION CORP - APPOINTMENT OF CARL SCHLACHTE, CHAIRMAN OF BOARD, AS INTERIM CHIEF EXECUTIVE OFFICER.IMMERSION CORP - VIC VIEGAS HAS AGREED TO RESIGN AS CHIEF EXECUTIVE OFFICER AND AS A DIRECTOR.IMMERSION CORP - SCHLACHTE WILL CONTINUE TO SERVE AS CHAIRMAN OF BOARD DURING HIS TENURE AS INTERIM CEO.  Full Article

Immersion announces multi-year licensing agreement with Nippon Seiki
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Immersion Corp :Immersion announces multi-year licensing agreement with Nippon Seiki.Immersion Corp - ‍ Nippon Seiki to incorporate immersion's haptics IP into its office solutions​.  Full Article

Immersion reports Q3 non-GAAP loss per share of $0.10
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Immersion Corp ::Immersion Corp reports third quarter 2017 results.Q3 loss per share $0.18.Q3 revenue $11.9 million.Q3 non-GAAP loss per share $0.10.Sees FY 2017 revenue $33 million to $35 million.Q3 revenue view $7.9 million -- Thomson Reuters I/B/E/S.Q3 earnings per share view $-0.26 -- Thomson Reuters I/B/E/S.Due date for initial determination in U.S. ITC's investigation of co's "infringement allegations" against Apple extended to Jan 31, 2018​.Target date for completion of U.S. ITC's investigation of co's "infringement allegations" against Apple now expected to be May 31, 2018​.  Full Article

Viex Capital Advisors believes Immersion has strategic opportunities
Tuesday, 23 Aug 2016 

Viex Capital Advisors Llc: Viex Capital Advisors says it believes there are strategic opportunities for Immersion Corp - SEC filing . Viex Capital Advisors says it has initiated a dialogue with Immersion Corp's management and board regarding those opportunities . Viex Capital Advisors says it may seek board representation and/or take positions or make proposals with respect to Immersion's strategic direction . Viex Capital Advisors says it believe Immersion's shares are materially undervalued .Viex Capital Advisors held 9 percent stake in Immersion Corp as of Aug 19, up from 6.7 percent stake it held as of Aug 5.  Full Article

Viex Capital Advisors reports 6.7 pct stake in Immersion
Tuesday, 9 Aug 2016 

Immersion Corp :Viex Capital Advisors Llc reports 6.7 pct stake in Immersion Corp as of August 5 vs 5.7 pct stake as of June 24 - SEC filing.  Full Article

Immersion Corp. Q2 revenue fell 52 pct
Friday, 5 Aug 2016 

Immersion Corp : Q2 Non-GAAP loss per share $0.20 . Sees FY 2016 revenue $55 million to $65 million . Q2 revenue view $11.6 million -- Thomson Reuters I/B/E/S . Immersion Corp. reports second quarter 2016 results . Q2 revenue fell 52 percent to $7.9 million . Q2 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S .Fy2016 revenue view $61.5 million -- Thomson Reuters I/B/E/S.  Full Article

Immersion, unit enters into amended, restated license agreement with Samsung
Monday, 18 Jul 2016 

Immersion Corp :On July 12, Immersion together with Immersion software Ireland Ltd, entered into an amended and restated license agreement with Samsung Electronics Co Ltd.  Full Article

BRIEF-Immersion Corporation Announces Restructuring

* IMMERSION - PLANS TO SIGNIFICANTLY REDUCE PRESENCE IN CHINA TO FOCUS PRIMARILY ON MOBILE OEM LICENSING