Immersion Reports Q1 2007 Financial Results

                        Immersion Corporation
                Condensed Consolidated Balance Sheets
                            (In thousands)

                                               March 31,  December 31,
                                                 2007        2006
                                              (Unaudited)     (1)
                                              ----------- ------------
ASSETS
  Cash and cash equivalents                   $  137,586  $    32,012
  Accounts receivable, net                         3,261        5,153
  Inventories, net                                 3,287        2,639
  Deferred income taxes                            4,267            -
  Prepaid expenses and other current assets        1,071        1,179
                                              ----------- ------------
      Total current assets                       149,472       40,983

  Property and equipment, net                      1,597        1,647
  Intangibles and other assets, net                8,758        7,385
                                              ----------- ------------

TOTAL ASSETS                                  $  159,827  $    50,015
                                              =========== ============

LIABILITIES
  Accounts payable                            $    1,352  $     2,334
  Accrued compensation                             1,673        1,526
  Income taxes payable                            11,035            -
  Other accrued liabilities                        2,134        1,750
  Deferred revenue and customer advances           4,819        1,716
                                              ----------- ------------
      Total current liabilities                   21,013        7,326

  Long-term debt                                  18,280       18,122
  Long-term liabilities and deferred revenue      12,983       32,559
  Long-term customer advance from Microsoft            -       15,000
                                              ----------- ------------
      Total liabilities                           52,276       73,007

STOCKHOLDERS' EQUITY (DEFICIT)                   107,551      (22,992)
                                              ----------- ------------

TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY (DEFICIT)                $  159,827  $    50,015
                                              =========== ============

      (1) Derived from Immersion's annual audited consolidated
       financial statements.


Contact:

Immersion Corporation
Stephen Ambler, +1-408-467-1900
Email Contact



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