GS: I'm trying to figure out how to properly say this. Well, Microsoft is--are they technically a part owner? Are they heavily invested in Immersion?
VV: We've had a license agreement--so, the answer is no. They're not a part owner, or they do not hold shares in Immersion at this time. When we signed our license agreement with Microsoft in July of '03, we entered into a license agreement where we licensed our patent portfolio to them. At that time, they also acquired about 10 percent shareholdings in the company, and since then, they've sold those shares and have, you know, generated some substantial profits that offset the cost of the license.
GS: OK. Now, there's a lot of talk about Sony and the PlayStation 3 controller, about whether it'll use the new TouchSense. Will past legal issues have any effect on how you do business with Sony at all?
VV: Well, we are anxious to work out our differences and resolve the dispute, so we are, you know, we're actively trying to fix those problems. They, I believe, on their own have said in a press release that they were going to remove vibration from the PS3 because of this conflict presumably with the motion sensing. But, assuming that we can resolve our differences, we would not only help them on this technical problem that they have, but we would also make available our next-generation gaming technology, and we would work hard to try to implement it in the PS3 as soon as possible.
