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Wednesday, 07/23/2014 9:54:17 AM

Wednesday, July 23, 2014 9:54:17 AM

Post# of 12138
This boards frustration reminds of a time I owned a company called Immersion. Immersion deals with vibration technology. The big area of potential, game controllers, which give you a real life feel of shooting a gun or flying a plane.
To make a long story short. Immersion had little in the way of sales and cash at the time I owned it for $5.00. I patiently waited for the stock to do something, and after two years, sold for a small lost. Two weeks later, Immersion wins a 90 million dollar lawsuit against Sony. The stock I believe went as high as $21.00. That was a good 8 years ago.
Today, immersion does 47 million in sales, has about 24 million in cash and no debt, and trades around $14.00. On top of that, they're rumors now, that Apple might
use vibration technology in their I phones and I Pads.
Once I got out of the Immersion stock, I never purchased it ever again. I chalked it up to a lesson learned.

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