Message #1647 From:
Jason Date: October 21, 2009 10:49:53 AM
IMMR Stock News, Immersion Lost Opportunity?
Immersion Corp. said Wednesday that its CEO Ralph R. "Clent" Richardson resigned to pursue other interests.
The San Jose-based company (NASDAQ:IMMR stock news) said that Victor Viegas, a member of its board who is a former CEO of the company, will be interim CEO.
Richardson, 47, joined Immersion in April 2008 from TiVo Inc. (NASDAQ:TIVO stock news) where he was chief marketing officer.
Viegas, 52, has been CEO from October 2002 until Richardson was hired.
Immersion's touch technology is used in a number of markets, including automotive, consumer electronics, gaming, and commercial and industrial controls; medical simulation and mobile communications..
It posted a $47.7 million loss in 2008 on $36.5 million in revenue.
