Friday, January 14, 2011

Brigantine Remains on the Sidelines with Immersion (NASDAQ:IMMR)

Even though Brigantine believes the growth prospects for Immersion (NASDAQ:IMMR) is high, they prefer to stay on the sidelines until the company proves itself.

Brigantine says, "IMMR’s innovative haptics technology, recent design wins and new partnerships has brought attention to its differential and advanced idea of human interaction with machines. While we are still in the midst of the touchscreen evolution, credibility from Samsung, LG, and Nokia model wins are fueling IMMR’s growth story. While we believe that the Company’s growth prospects are high, we believe it is still a wait and see story (watching for sustainable execution, design win activity and cost control). Consequently, we remain on the sidelines and maintain our Hold rating."

Brigantine Advisors reiterates a "Hold" rating on Immersion, which closed Thursday at $6.44, down $0.05, or 0.77 percent.

No comments: