Immersion Corporation: Turning a Corner [View article]
Correction to above story....
The continuing revenue from Sony as a result of the litigation was incorrectly stated as being 1.875M per qtr for 3 years and .750M per qtr for 10 years.
It is actually 1.875M per qtr for 3 years that will be recognized as .750M per qtr for 10 years. They will record a total of 29.9M as revenue and 2.3M as interest income.
Immersion Corporation: Turning a Corner [View article]
The continuing revenue from Sony as a result of the litigation was incorrectly stated as being 1.875M per qtr for 3 years and .750M per qtr for 10 years.
It is actually 1.875M per qtr for 3 years that will be recognized as .750M per qtr for 10 years. They will record a total of 29.9M as revenue and 2.3M as interest income.