Miami, FL - December 4, 2012 (www.investorideas.com newswire) EmergingGrowth.com, a leading digital financial media company, Reports on Immersion Corp. (NASDAQ: IMMR) and Google Inc. (NASDAQ: GOOG). Also discussed: Sony (NYSE: SNE), Apple Corp (NASDAQ: AAPL) and Facebook (NASDAQ: FB).
Immersion Corporation (NASDAQ: IMMR) rallied last Tuesday after it announced its license agreement with Google Inc. (NASDAQ: GOOG). The California-based Computer Peripherals Company announced that it had reached a settlement and license agreement with the search engine giant and Motorola Mobility LLC that resolves a patent-infringement lawsuit it brought against Motorola.
Immersion Corp. stock rallied 34.75 percent, or $1.63 rise to close at $6.32 following the announcement, which is just over one dollar shy of its 52 week high of $7.50 per share.
Immersion provides haptic technologies that allow people to use their sense of touch when operating various digital devices. Its technologies are licensed to the original equipment manufacturers or their suppliers to include technologies in products comprising mobile phones, video console gaming, consumer electronics, medical simulation and surgical robotic systems among others.
Under the agreement, Immersion Corporation will receive compensation for all shipments by Motorola that use haptic technology. However, the deal does not involve other handset manufacturers of Android O.S devices like Samsung Electronics Co. Ltd, HTC Corporation and Sony (NYSE: SNE).
Following the settlement, Immersion Corp noted that it would dismiss all pending litigation against Motorola. The company's Chief Executive Officer Victor Viegas was quoted in a statement saying that the settlement would be insignificant with regard to the impact on Immersion's 2012 results. Nonetheless, it seems as though the investors won't have to wait for 2013, in order to realize the benefits.
The big Fish companies are in the hunt to acquire such small firms to complement their leadership status. A good example is Apple Inc. (NASDAQ:AAPL), which acquired AuthenTec mid this year. AuthenTec is a leading provider of Mobile and network security using finger print technology. Another scenario is depicted in Facebook Inc. (NASDAQ:FB)'s acquisition of Instagram, and Google's purchase of Snapseed photo management application.
Therefore, Immersion Corporation is one of the few small companies in a position to sue the smartphone tech giants over some patent infringements. This is a big step forward to Immersion as the settlement gives a guaranteed stream of income. The company also stands benefit from Google's massive brand, as well as Android's giant market share in the smartphone's industry, should Samsung Electronics Company Ltd consider including its android devices.
mmersion Corporation (NASDAQ:IMMR) closed at $6.67 per share on Wednesday and opened today at $6.78. However, the stock experienced a slight decline during the early trading hours. It was trading at $6.52 at 11.30 a.m with volume movements averaging 138,741 for the day, well above the three-month average of 120,942.
By offering 100% original and unmatched content by the best financial reporters, writers and bloggers in the business, EmergingGrowth.com is emerging a leading digital financial media portal. Its services provide users, subscribers and advertisers with a variety of content and tools through a range of online, social media, mobile and other mobile outlets.
Since its inception, EmergingGrowth.com has distinguished itself from other financial media companies with its sly approach to reading between the lines in order to locate that needle in the haystack. Subscribe today to see what EmergingGrowth.com has to offer.
This news is published on the Investorideas.com Newswire and its syndicated partner network
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news as well as creates original content as a news source. Original content created by investor ideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and global syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions and advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.