Rochester, NY 7/3/2009 10:15:10 PM
After Hours - TIVO - Dish Can Rest For The Weekend Winning Stay in TiVo Dispute - Sourced WhisperFromWallStreet.com
TiVo Inc.
After Hours - TIVO - Dish Can Rest For The Weekend Winning Stay in TiVo Dispute - Sourced WhisperFromWallStreet.com
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TiVo Inc.,TIVO
After Hours: 9.14 Up 0.05 (0.55%) 7:59PM ET
TiVo Inc. dropped Thursday after a ruling that Dish Network Corp. customers could continue use of their digital recorders, a point of contention with TiVo.
TiVo and Dish have gone in battle (legally) for the past four years. This based on the technology allowing consumers to record, then pause, play and rewind live TV. To date Dish has been on the losing end and had previously been ordered to halt using this technology in its own digital recorder boxes.
A recent court ruling stated that Dish's efforts to bypass TiVo's patents were inadequate. This was interpeted by many investors as the straw which would break the camel's back and force a settlement. On this news TiVo rose more than 53%.
Last Trade: 9.09
Trade Time: Jul 2
Day's Range: 9.03 - 9.79
52wk Range: 4.00 - 11.62
Volume: 7,344,608
ABOUT
TiVo Inc., together with its subsidiaries, provides technology and services for digital video recorders (DVR). It offers TiVo, a subscription-based television service that enables consumers to record, watch, and control live television; and to receive movies and television shows from cable, broadcast, and broadband sources, as well as other forms of content from broadband sources, such as YouTube videos and a collection of music videos and songs, and Internet radio. The company also provides advertising platform and audience research measurement services. It distributes the TiVo DVR through consumer electronics retailers and its on-line store at TiVo.com, as well as through agreements with television service providers, such as cable television operators, satellite television providers, and cable and broadcasting companies. As of January 31, 2009, TiVo Inc. had approximately 3.3 million subscriptions to the TiVo service. The company was founded in 1997 and is headquartered in Alviso, California.
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