Shares of TiVo Inc. (NASDAQ: TIVO) rallied in
trading on Wednesday after the Alviso, California-based company announced
settlement of patent litigation with AT&T Inc. (NYSE: T). The two companies
also entered into a patent licensing agreement.
TiVo shares rose to an intra-day high of $9.97 on
Wednesday. The stock ended the day 10.09% higher on above average volume.
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