Immersion Corporation appears to be the latest publicly traded IP licensing company that is being pushed by large investors to consider strategic alternatives. On June 3, hedge fund VIEX Capital Advisors—which holds a 10.3% stake in Immersion—filed a Schedule 13D in which it described Immersion’s shares as being “materially undervalued” and called for “significant and immediate improvements” to Immersion’s “corporate governance, cost structure and capital allocation”.
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