Immersion Corporation is definitely not feeling good vibrations coming its way. The developer of the touch-feedback technology opened up its financial results for the second quarter (which ended June 30, 2006) being somewhat pessimistic. The company sees a continuing loss after disappointing attempts to settle its lawsuit with Sony. The company posted revenue of $6.7 million for the period which is slightly higher in last year's posting ($6.2 Million). The company also figured a net loss of $2.4 million.

Now they could only hope that its TouchSense Vibration Technology could save the sinking ship. According to Immersion CEO and President, Victor Viegas: "this... technology can work alongside motion and tilt sensing and provides backward compatibility for existing dual-motor systems, allowing an implementation path at any stage of product lifecycle, even after a console model has launched."

Aside from that, the company is also rummaging for profits in the mobile phone business. It signed a new license agreement with with LG Electronics to allow the mobile handset manufacturer to make use of Immersion's VibeTonz System. Korean company SK Telecom also recently launched a VibeTonz-only content service called VibeBell. Finally, Immersion stated that most recently in June, the Korean phone company introduced a new VibeTonz capability, which enables force feedback in touchscreens for smartphones. Whatever works for the company, I guess.