Topic: How To Invest

Hello Pat. I am currently holding shares in Immersion Corp. I would appreciate receiving your evaluation on this company. Thanks.

Article Excerpt

Immersion Corp., $4.91, symbol IMMR on Nasdaq (Shares outstanding: 28 million; Market cap: $137.3 million), has developed what it calls “touch feedback technology.” Its products are used in medical-device controls, touch screens, touch panels and hand-held products. Recent new products that use Immersion’s technology include the Samsung DualView digital camera and the Samsung Behold II Android phone. The company’s technology is also used by video game-related products, including the Logitech Flight System G940 force-feedback flight-simulation controller, the Logitech G27 Racing Wheel and the Rocketfish Rapid Fire Wireless Controller. Immersion has been unable to file its financial statements since the first quarter of 2009, because of an ongoing internal investigation into how it recognizes revenue in its medical line of business. The company is now the target of a number of class-action lawsuits that claim it misled investors. Immersion does report that it holds cash of $70 million, or $2.51 a share, and has no debt. On the other hand, the company lost…