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Immersion At Security Research Associates Inc Fall Growth Stock Conference Call Transcript

Stocks in this article: IMMR

Immersion Corporation ( IMMR)

Immersion at Security Research Associates Inc Fall Growth Stock Conference Call Transcript

November 15, 2011 1:30 PM ET


Shum Mukherjee - Chief Financial Officer


Shum Mukherjee

Good morning everyone. Delighted to be here presenting at this conference. There is going to be a breakout session after this, and one of the things I would encourage all of you to do if possible is to attend the breakout session because we have got some demos, and there is nothing like demos to show you the value of Haptics. So if you at all have the time please come to the breakout session, and we will be happy to give you some demos.

Let me get started with the formal presentation, these are forward-looking statements and non-GAAP measures that we use. I like to give a quick summary of the company. It is a small agile company. We have a world-class customer base, very strong IP, and we happen to be in very large and rapidly growing markets. So the combination of the fact that we are in the right market in the right time, we have got a very strong portfolio and we have a sorted balance sheet now with $63 million of cash, no debt, and positive operating cash flow.

Now the company was founded in 1993, and over the last 15, 17 years it has gone through a lot of changes, and it is important to understand how the company evolved in order to understand and get a good perspective on where the company is today. So in terms of the company evolution, it was founded in 1993, and it did its IPO in 1997. The current CEO of the company is Victor Viegas, and he was the CFO who took the company public in 1997.

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