TiVo: Judge Rules Against EchoStar in DVR Patent Case
TiVo (TIVO) shares are up sharply after hours after a federal court in Texas upheld the company’s patents in its closely watched infringement case against EchoStar (SATS). The Judge ruled that EchoStar and DISH Network (DISH) are in contempt of court, rejected their workaround of TiVo’s patent, ordered the companies to stop using TiVo technology in its DVRs, refused to stay its previous injunction against further violations of the patent and awarded TiVo another $103 million plus interest through April 2008. DISH previously paid nearly $105 million in damages in the case.