Recent

% | $
Quotes you view appear here for quick access.

Immersion Corporation Message Board

  • bbanbob bbanbob Feb 18, 2005 11:14 AM Flag

    PAYMENT

    today announced the receipt of a court-ordered payment from Sony for the period of July 1, 2004 through December
    This would indicate that it has been made and SNE might not want their sales info in such detail out........

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Let's be clear. There is no need to parse the press release to know what they were talking about. It was the 3Q and 4Q payment as ordered - which we think was around $15 million total.

      The $82 million is NOT a court ordered payment. It's a judgment. Again, the court has not, can not, and will not "order" SNE to pay that.

      That's not to say we won't collect the judgment eventually, but it will never be a court ordered payment.

      • 3 Replies to dpkstock2003
      • DKPSTOCK thank you this is the point I have been trying to get across all morning !
        WE KNOW it is the royalty payment.

      • Dpk,

        "The jury AWARDED Immersion damages in the amount of $82 million based on sales of infringing products through June 30, 2004."

        This "award" is carried foward by the "payment" received by IMMR last week for the period from July 1st through December 31st 2004.

        The nature of the 82 million is probably based on a formula or sales fiqures of the playstation containing the IMMR patented device prior to July 1st of last year.

        This is my understanding and it's just as collectable as are the current payments. It's not a default "judgment" this was argued in court and Sony was the loser.

        A tabaco company loses a case over a smoker who gets lung cancer and the judge "awards" the victim millions. Can be appealed. Would have to be overturned in appellate court in order for the tabaco company (Sony) to not pay the award.

        IMHO

        immersionzone.com

      • oh those japs...er..japanese will pay us or..or..well..they are gonna pay us.

    • bbabob,

      I'm sure that Sony would have already filed and made public their quartely report including the sales figures for their Playstation devices for the last half of 2004. We need to just find out the particulars perhaps I'll get a reply today.

      immersionzone.com

 
IMMR
13.72+2.19(+18.99%)Jul 31 4:00 PMEDT