Bough back a good size chunk of stock in Jan 14
Cash position grew to 86 mil - Jan. 14
Legal expense on a downward trajectory
Because of seasonality swings, timing ot revenue recognition, etc. since Q4 seemed a bit soft, would suggest 1Q14 should be strong - based on management characterizing all cylinders firing in the business.
HTC pre trial settlement
Major OEM deal
If I heard it right I thing Vics top end of 2014 revenue projection includes some new deals. Hopefully he has positioned himself to make some pleasant surprises going forward. While there is alot of enthusiasm, excitement, and commercial opportunities near term and long term 4Q13 was a bit soft - and would explain why the stock took a dump from 16 to 10. With IMMR, outside of a major OEM deal announcement, the stock price is a pretty good indicator of what is really going on behind the scenes.
This was a really solid call. Everything is finally coming together and the ubiquity in haptics Vic has talked about for years is finally taking shape. It also looks to me like Vic has some new licensees or patent settlerments in his back pocket that he is waiting to announce.
Also, do not underestimate the impact of this tax gain. For years, new investors have looked at the metrics of this company on various financial web sites and seen either no p/e, or a p/e of 85. Once these sites update their metrics, we will be looking at a trailing p/e of 9 or 10 with a growth rate of 30. This stock is going higher.