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TiVo shares climb 11% on patent ruling, bad news for DISH
CHICAGO (MarketWatch) -- Shares of TiVo Inc. (NASDAQ:TIVO) were up 11% at $10.25 after the U.S. Patent and Trademark Office reaffirmed the validity the digital video recording pioneer's Time Warp patent. TiVo's claims about the patent have been at issue in a battle with satellite provider EchoStar Corp., which has made its own DVR available to customers for several years. In 2005, a Texas judge ruled that EchoStar's (NASDAQ:SATS) (NASDAQ:DISH) DVR had capabilities that infringed upon TiVo's patent for the device, and the satellite company was eventually ordered to stop selling them. EchoStar appealed, and the two sides have gone back and forth ever since, with EchoStar managing to keep more than 4 million of its DVRs in use. TiVo said Wednesday that it is "confident" that a federal appeals court will uphold and enforce an injunction that would force EchoStar to turn off those devices.
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