Sony settles lawsuit with Immersion

[Tondog]

http://www.businessweek.c...nancialnews/D8NJLMP06.htm

Immersion, Sony settle patent suit

SAN JOSE, Calif.

Immersion Corp., a maker of hardware and software that simulates tactile feelings to enhance on-screen events, said Thursday it settled a patent lawsuit with Sony Computer Entertainment, and will "explore" the use of Immersion technology in PlayStation products.

Under the agreement, Immersion will receive twelve quarterly payments of $1.875 million beginning in March, for a total of $22.5 million, and will pay Immersion certain other fees and royalties, while Immersion granted Sony licenses for some of its patents, and covenants not to sue.

Shares of Immersion closed down 7 cents at $7.23 on the Nasdaq

[djbeatmongrel]

could this mean ps3 controllers with rumble. me hope so. it would be like having a ps1 and seeing the dualshock released for it hehe.

[phoenix1967]

I'm surprised Immersion's stock went DOWN on that news. 

[Tondog]

To be fair, the AP story came out at 6:01 PM Eastern, which is of course after the markets close.