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Immersion Corporation
2158 Paragon Drive, San Jose, CA 95131 * (408) 467-1900
Business Description The company is the leading provider of technologies that enable users to interact with computers using their sense of touch.
Offering
Information

Company has
gone public

Trading As  IMMR (NASNTL) Industry  High-Tech (SIC 3577)
Type of Stock Offered  Common Shares Filing Date  9/1/99
Domestic Shares Offered  4,250,000 Offer Date  11/11/99
Foreign Shares Offered  0 Filing Range  $9.00 - $11.00
Company Shares  4,250,000 Offer Price  $12.00
Selling Shrhldrs Shares  0 Gross Spread  $0.840
Gross Proceeds  $51,000,000 Selling  $0.500
Expenses  - - Reallowance  $0.100
Post-IPO Shares  15,441,900 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Hambrecht & Quist Incorporated Lead Manager (415) 439-3626
Bear, Stearns & Co. Inc. Co-manager (212) 272-4850
Robertson, Stephens & Company Co-manager (415) 989-8500
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data     12/31/96 12/31/97 12/31/98 6/30/98 6/30/99
Revenues   - - 2.737 4.332 5.021 2.177 3.503
Income from Oper.   - - -0.109 -0.577 -1.847 -0.948 -2.184
Net Income   - - -0.081 -0.527 -1.673 -0.868 -2.118
E.P.S   - - -0.030 -0.170 -0.430 -0.230 -0.420
Revenue Growth (%)      - - 58.28 15.905   60.91
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -1.81 -0.70 -0.20
Cash Flow - Inv.     0.24 -0.09 -0.35
Cash Flow - Fin.     3.68 3.64 0.15
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    9.71 Current Assets    4.20 Current Ratio    4.90
Total Liab.    2.34 Current Liab.    0.86 Debt Ratio    24.07%
Total Equity    7.37 Working Cap.    3.34 Debt to Equity Ratio    0.32
Cash    2.20    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Gray Cary Ware & Freidenrich
Bank's Law Firm  Fenwick & West
Registrar/Transfer Agent  BankBoston
Auditor  Deloitte & Touche
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Last updated: 11/21/99 12:56:19 PM
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