Sony and Immersion make a deal

[A Black Falcon]

Wow... "a lot of money" indeed... $150 million dollars total, $97 million of that immediately going to Immersion!

"Sony stocks down, Immersion stocks up" pretty much sums up the reaction...

http://biz.yahoo.com/ap/070302/sony_play....html?.v=2

As part of the truce, Sony will pay San Jose-based Immersion $97.2 million in damages and interest, as stipulated in the original court award that Sony was appealing. Sony will also pay $22.5 million in licensing payments through 2009 plus an unspecified amount of fees and royalties.

In total, Sony will cough up at least $150.3 million to settle the litigation, when factoring in $30.6 million in compulsory license payments the Japanese company has already paid.