Immersion settles with Apple, reaches license agreements

Immersion Corp. said Monday it has entered into settlement and license deals with Apple Inc. . Immersion, which develops touch feedback technology, had filed patent infringement lawsuits against Apple for technology used in iPhones and the trackpads used in MacBooks. Immersion said the terms of the agreements reached with Apple are confidential. The stock, which was still inactive in premarket trade, has tumbled 30% over the past 12 months, while the S&P 500 has gained 25%.

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