Immersion Delivers A Disappointing Quarter, But Hints At New Licensees

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>>Last week Immersion Corporation (IMMR) reported Q2 earnings, and the numbers were quite disappointing. A quick look at some of the highlights:

• Revenues were $6.7 million, as compared to $8.5 million for the second quarter of 2010. Excluding product revenues (of approximately $1 million) in the medical segment, primarily related to lines transferred to the company's medical licensee CAE, and true ups to gaming royalty reports (approximately $1 million) that also impacted Q2 2010, a more appropriate apples to apples comparison sees revenues basically flat from last year;