Tivo Stock Pops After EchoStar Infringement Ruling Upheld

TiVo shares popped up as much as 30% after a federal court upheld the ruling finding EchoStar Corp infringed TiVo patents for digital recordings technologies.  This has investors believing that TiVo will finally win this long running legal battle.
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The suit began way back in 2004 when TiVo filed suit stating EchoStar violated TiVo’s patent related to its new technology allowing tv viewers to record one tv show while watching another.   Analysts are upbeat about TiVo’s prospects for finally winning this suit.  The benefits of a resolution to this issue would include not only damages, but a potential licensing agreement with EchoStar’s Dish Network.

But the saga is not over yet.  The patent battle still has to be heard by a lower court in Texas, and if that judge rules in favor of TiVo, Dish Network could be forced to shut down the Dish recorders of customers who have the recorders under dispute.  If that happens, it would likely force Dish to enter into some kind of licensing agreement with TiVo, rather than face a costly shut down of their customers recorders, and replacing all those receivers with new recorders.

TiVo shares were up as much as 32% intraday, and settled at the close up 29.5% at $10.84.  Dish shares closed down closed 1.21% at $23.58, while EchoStar was actually up 2.5%.

TiVo scores again against EchoStar, Dish Network, could win $300M
San Francisco Business Times, on Wed, 20 Apr 2011 12:56:26 -0700

TiVo (NASDAQ: TIVO) has sought up to $975 million in contempt sanctions in this suit. Dish CEO and Chairman Charles Ergen controls majorities of both Dish and EchoStar. He helped start Dish in 1980. EchoStar is Dish’s sole supplier of set-top boxes and 

TiVo Picks Up a Win in Suit Against EchoStar, Dish

Wall Street Journal, on Wed, 20 Apr 2011 12:43:37 -0700

By IAN SHERR And ROGER CHENG A US court Wednesday handed TiVo Inc. a victory in its continuing patent-infringement lawsuit with rivals EchoStar Corp. and Dish Network Corp. The US Court of Appeals for the Federal Circuit Court said EchoStar continued 

TiVo Shares Surge As Court Finds EchoStar In Contempt

Fox Business, on Wed, 20 Apr 2011 12:40:01 -0700

By Ian Sherr SAN FRANCISCO -(Dow Jones)- The US Court of Appeals for the Federal Circuit handed TiVo Inc. (TIVO) a partial victory in its ongoing patent infringement lawsuit with EchoStar Corp. (SATS) and Dish Network Corp. 

Fed. Circ. Again Upholds EchoStar Contempt Finding

Law360 (subscription), on Wed, 20 Apr 2011 12:18:50 -0700

In September 2009 the judge levied nearly $200 million in contempt sanctions against EchoStar, much lower than the $1 billion TiVo had sought. With the sanctions, TiVo won roughly $300 million for its rival’s infringement. The patent-in-suit is US 

TiVo Shares Surge As Court Finds EchoStar In Contempt

Automated Trader, on Wed, 20 Apr 2011 12:01:45 -0700

By Ian Sherr SAN FRANCISCO -(Dow Jones)- The US Court of Appeals for the Federal Circuit handed TiVo Inc. (TIVO) a partial victory in its ongoing patent infringement lawsuit with EchoStar Corp. (SATS) and Dish Network Corp.