News

Appeals Court Upholds $74M Award for TiVo, Stock Soars

Thursday, January 31st, 2008 at 1:50 PM - by

An appeals court ruled in favor of TiVo on Thursday in its patent court battle with EchoStar, according to TVPredictions. TiVo's stock has jumped over 30 percent.

TiVo sued Echostar back in 2004 and claimed that the satellite broadcaster had violated its "Time Warp" patent that launched the time shifting pheneomenon. A Texas jury awarded TiVo nearly US$74M in 2006, but the ruling was appealed.

According to Phillip Swann at TVPredictions, EchoStar's legal options appear to be exhausted and EchoStar will either be required to pay the award or work out a licensing agreement with TiVo.

TiVo's stock climbed over US$9.00 in trading on Thursday, up from an opening of $6.80.

0 comments from the community.

You can post your own below.

+ show options

Your current settings, click to change: Sort Oldest First, Show Guest Posts, Hide Community Stats

Post Your Comments

  Remember Me

Not a member? Register now. You can post comments without logging in, but they'll show up as a "guest" post.


Please enter the word exactly as you see it in the image above. Registered users aren't prompted for this. Having trouble reading the image get a new one.