Immersion Corp. (IMMR) !! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Immersion Corp. (IMMR) !!

IMMR 6.850

-0.6%

Dec 26 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: JakeStraw	8/27/2008 3:09:50 PM
	of 143

Immersion to pay Microsoft $20.75M of Sony's money biz.yahoo.com Tuesday August 26, 7:31 pm ET Immersion to pay Microsoft $20.75 million of Sony's money in Xbox-controller imbroglio SAN JOSE, Calif. (AP) -- Immersion Corp. has agreed to pay Microsoft Corp. $20.75 million to settle a legal tangle that started with a suit against Microsoft over the "rumble" feature of its Xbox game console controllers. San Jose-based Immersion sued Microsoft in 2002, alleging that the Xbox controller infringed on a patent for force feedback, Immersion's specialty. The Xbox controller shakes when triggered by a game event, like a car driving over a speed bump. Microsoft agreed to pay Immersion $26 million to settle the lawsuit. Immersion also sued Sony Corp., which makes the PlayStation game console. That suit was resolved in March last year, when the electronics maker agreed to pay Immersion $22.5 million over three years, plus more than $100 million in costs, royalties and patent license fees. Immersion's agreement with Microsoft contained a clause requiring it to hand over a slice of any settlement with Sony -- a minimum of $15 million, plus percentages of any amount over $100 million. Immersion said the agreement with Sony did not trigger that clause, but Microsoft disagreed, and filed suit last year in the U.S. District Court for the Western District of Washington

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next