Immersion activist approach could be strategy for licenses, says BWS Financial

BWS Financial analyst Hamed Khorsand notes that Immersion (IMMR) disclosed last week that it has acquired 7% of the outstanding shares in Turtle Beach (HEAR), which is a producer of gaming headsets and not a licensee of Immersion’s intellectual property, or IP. The investment, which could raise questions from Immersion shareholders, could have more to do with Immersion’s approach in targeting companies who have yet to license its IP, said the firm, which thinks the activist approach could suggest another strategy for gaining licensees without litigation. BWS has a Buy rating and $11 price target on Immersion shares.