Immersion (IMMR +26%) skies higher after striking a multi-year licensing deal with Samsung for...

|About: Immersion Corporation (IMMR)|By:, SA News Editor

Immersion (IMMR +26%) skies higher after striking a multi-year licensing deal with Samsung for its basic haptic effects IP. Thanks to the deal, the company now expects 2013 revenue of $44M-$48M, well above prior guidance of $28M-$32M and a consensus of $30.2M. SA contributor Paolo Gorgo has been bullish on Immersion for some time, and has viewed an expansion of its partnership with Samsung as a potential catalyst. (PR)