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Tivo Spanks EchoStar, 74 Million Times

I'm sure this one had the Tivo execs using the jumpback button on all the business reports....

TiVo Wins $74 Million Patent Verdict Against EchoStar
April 13 (Bloomberg) -- TiVo Inc., the pioneer maker of digital video recorders, won a $74 million jury verdict in a patent lawsuit in Texas against EchoStar Communications Corp. over TiVo's principal technology. TiVo shares jumped 20 percent.

A federal jury in Marshall, Texas, today agreed with TiVo's claim that EchoStar was using its patented technology that lets a viewer record one TV program while watching another. EchoStar said the verdict was the ``the first step in a very long process'' that it intends to win.

TiVo said it will seek a court order to stop EchoStar from providing digital video recording products to its customers. The victory also may mean Alviso, California-based TiVo can receive significant licensing fees, raising the cost of DVRs for cable and satellite companies that offer TiVo-like boxes, an analyst said.

``There are an awful lot of DVRs out there and it'll take some time to sort out whether or not today's ruling applies to DVRs beyond EchoStar's,'' said Craig Moffett, an analyst at Sanford C. Bernstein & Co. in New York.

bedoop-bedoop-bedoop .... bedoop-bedoop-bedoop .... bedoop-bedoop-bedoop

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