Tivo Wins Lawsuit - Stock Soars

By Rob Witt - http://learnstocks101.com/

Tivo Inc (TIVO) is trading up huge on heavy volume today after the company released this PR on a favorable court ruling.

TiVo Statement on Decision by U.S. Court of Appeals in Lawsuit Against EchoStar

TiVo Inc., the creator of and a leader in television services and advertising solutions for digital video recorders (DVRs), offered the following statement today on the U.S. Court of Appeals decision to [ruling] in lawsuit against EchoStar.

"We are pleased that the United States Court of Appeals for the Federal Circuit fully affirmed the district court's finding of contempt against EchoStar, including both the disablement and infringement provisions. Additionally, this ruling paves the way for TiVo to receive the approximately $300M in damages and contempt sanctions awarded to us for EchoStar's continued infringement through July 1, 2009. We will also seek further damages and contempt sanctions for the period of continued infringement thereafter. We will continue our efforts to protect our intellectual property from further infringement." Full Article Here

For technical analysis on Tivo - Click Here ( would be a link )

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