>>Time to survey recent developments at Immersion Corporation (IMMR) since our last update.
On December 29 Ramius, an activist fund, nominated three directors for election to Immersion’s board. Two existing directors, John Hodgman and Emily Liggett, are serving for a term expiring in 2011. Back in December 2009, Ramius had questioned the company’s decision to reduce the size of the board so that only one director was up for election, an issue also raised at the 2010 annual meeting. In the event only two directors are put up for election by the Company at the 2011 annual meeting, as it seems, Ramius stated it will withdraw one of its nominees.