Thursday, March 7, 2013

Immersion Corp is a stock that I've been suggesting for a long time

I can rwmember when this stock was sitting a little over $4.00. I'm happy to see it close over 8 today. I had a coversation about 2 years ago about companies that will succeed through an era of patent and copyright power. Immersion is one of the companies thay owns a solod invention. Its the thing that make your phone vibrate as you type. Better yet, its the technology that makes your playstation controller vibrate.

Today the company announced that it has secured  a multi year contract with Samsung. Now samsung being the #1 mobile phone in many of the world's largest countries, gives immersion alot of room to generate money. Money that it wouldnt have earned for the coming years, if they hadnt signed the deal.

This company doesn't offer dividends at this time, but who knows what the future holds. In my opinion this is a long term stock, and with all it's haptic technology patents will play a major role in future technology.

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