TiVo Soars on Ruling in Dish Network Case
TiVo Inc. stock was up 35 percent in afternoon trading Wednesday after a federal appeals court upheld a ruling that would force satellite broadcaster Dish Network to shut down millions of digital video recorders because they were found to have infringed upon TiVo Inc. patents.
The two sides have battled for more than six years over Dish’s alleged infringement of TiVo’s patents on its digital video recording technology.
On Wednesday, the U.S. Court of Appeals for the Federal Circuit, sitting en banc, upheld a district court finding of contempt and award of sanctions against Dish parent EchoStar Communications Corp. for failing to comply with an injunction.
