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Alviso-based TiVo (NASDQ:TIVO) closed the day at $9.09. A legal battle between TiVo and Dish has been simmerinyg more than four years over technologg that lets users record and rewinflive television. In June TiVo sharess soared more than 53 percent after a judge ruled in its favort and awarded the companyanother $103 million in the lengthu patent dispute with and TiVo had sued EchoStar over whetherr some of its DVR technology violates TiVo patents. Dish Networkj (NASDAQ:DISH) used to be part of EchoStar (NASDAQ:SATS). It split into two companies at the startof 2008.
A jury founfd in 2007 that software inDish Network's set-top boxees violated TiVo patents covering DVR playbacj features, like the ability to pause and rewind live programminb while the DVR continues to Dish Network reprogrammed million of its DVRs after the 2007 verdictr with a “workaround” it said removed any infringing But TiVo claimed Dish Network’s softwars “workaround” continued the old patent violation and soughtg the contempt verdict from the Texas court.
Dish Networjk has already paidnearly $105 milliob of the damages and interest from the initial infringementg judgement and has another $27 millionn in escrow for TiVo, according to Securitiex & Exchange Commission filings.
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