Immersion's shares jumped more then 5 percent.Originally posted by shade343:Hmmm...I would have bought shares of Immersion if I had known this lawsuit was goin on... Wasted opportunity
They used to be trade for 55 cents One small company can cause so much trouble for Microsoft and SonyOriginally posted by Gordonator:Immersion's shares jumped more then 5 percent.
The $90 million awarded by the court is more than triple Immersion's total revenues of $23.8 million in 2004 and represents two-thirds of the company's current market value of around $135 million.
Immersion's stock rose 36 percent to $7.85 on the Inet electronic exchange, from its $5.75 close on Thursday.