Logitech* takes equity stake in [Force-Feedback standard] Immersion.
biz.yahoo.com
*[Logitech (NASDAQ:LOGIY)--Former Gravis gravis.com controlling shareholders (1990-1995) (and former co-Gravis (NASDAQ:GRVSF)(TSE:AED) Board directors with certain esecurities' officer(s) and or director(s)). Gravis is now a wholly-owned subsidiary of (NYSE:FO), formerly American Brands. Logitech divested their position in Gravis and their seats on Gravis' Board pursuant to [alleged] violations of United States, Canadian, Federal, state, Ontario, Securities Acts/statutes, etc. including but not limited to [alleged] stock fraud, violations of corporate opportunity, undue influence, breach of fiduciary relationship/capacity, fraudulent misrepresentation, fraudulent concealment, Antitrust violations including unfair competition, restraint of trade, in re: Logitech's soundcard and joystick market entry contemporaneous with their control position of Gravis, etc.]. Logitech allegedly made a gain on their investment of approximately $21 million wherein Advanced Gravis was forced into insolvency and sold to (NYSE:AMB) for $0.45/share in August 1996, effectively an asset sale. |
