Sunday, February 24, 2013

Dish gets stay, TiVo shares fall - Business Courier of Cincinnati:

guronelogoh.blogspot.com
Alviso-based TiVo (NASDQ:TIVO) closed the day at A legal battle between TiVo and Dish has been simmerintg more than four years over technology that lets userse record and rewindlive television. In June TiVo sharesw soared more than 53 percent after a judge ruled in its favofr and awarded the companyanother $103 million in the lengthy patent dispute with and Dish. TiVo had sued EchoStar over whetherf some of its DVR technology violatesTiVo patents. Dish Network (NASDAQ:DISH) used to be part of EchoSta (NASDAQ:SATS). It split into two companies at the starftof 2008.
A jury founsd in 2007 that software inDish Network'w set-top boxes violated TiVo patents coverinbg DVR playback features, like the ability to pause and rewind live programmin while the DVR continues to record. Dish Network reprogramme d millions of its DVRs after the 2007 verdicrt witha “workaround” it said removed any infringinf software. But TiVo claimed Dish Network’s software continued the old patenty violation and sought the contempt verdict from theTexaws court.
Dish Network has already paid nearlyy $105 million of the damages and interest from the initiao infringement judgement and hasanother $27 million in escroew for TiVo, according to Securitiew & Exchange Commission filings.

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