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Thread: Tivo hearing today?
- 09-04-2008 03:38 PM #21
- 09-04-2008 03:38 PM # ADS
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- 09-04-2008 03:40 PM #22
- 09-04-2008 04:32 PM #23
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SAN FRANCISCO -(Dow Jones)- Shares of Tivo Inc. (TIVO) fell as far as 16% Thursday after a federal judge failed to rule in an important patent battle between Tivo and rival Dish Network Corp. (DISH).
Both sides were in court Thursday to argue whether Dish, the satellite cable provider, was in contempt of an injunction issued earlier this year after a judge found its digital video recording equipment violated two Tivo patents. There was no decision made Thursday, which means Dish can continue to distribute the digital video recorders at the heart of the patent spat.
Tivo shares were recently down 14.3% or $1.25 to $7.50. Shares of Dish were off 1.4% or 40 cents to $27.93.
Thursday's Tivo sell-off was likely fueled by investors interpreting the absence of a decision as "incrementally more favorable to Dish," Citi analyst Tony Wible said in a note to clients Thursday.
However, Wible adds the judge seemed to side with Tivo at crucial times during Thursday's arguments, and did not schedule another hearing.
"We remain confident in the outcome," a Tivo spokesman said. A Dish representative did not return a call seeking comment.
- 09-04-2008 04:39 PM #24In San Francisco Bay ! - Louis Vuitton Cup: 04 July – 1 September 2013 ; America’s Cup Match (Finals): 7-22 September 2013
Toshiba 42zv650u, Olevia 542i, Onkyo A-V rcvr, Magneplanar SMGs, ViP622 and the first Dish500 ever made
blog: http://kenstuart.blogspot.com/
- 09-04-2008 05:01 PM #25
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Just goes to show you how clueless those reporters and analysts are. Hardly any court rulings come out on the day of hearing. A final court ruling often is 10 to twenty pages long, with a lot of arguments to resolve, opinions to state, and prior case law to cite in support of any decision. It is no easy task and can easily take a few weeks to even a few months to produce, consider that the judges always have many other cases to deal with in the meantime. Not to mention this ruling will have to address two motions, one is the injunction, the other is the damages.
The investors had bet on a quick resolution in favor of Tivo because that analyst said a quick one would be likely and would be in Tivo's favor, so today's reaction was basically saying that the bet was wrong, the stock value went back to the "pre-analyst-analysis" level.
Tivo will lose on this one, the case law is clear, the court standards are clear. DISH made a good faith effort to modify those adjudicated DVRs in order to workaround the Tivo patent, and allow those DVRs to remain in the marketplace. The court had said over and over this is not only allowed but encouraged, it promotes innovation while prevents infringement on others' innovations.Last edited by jacmyoung; 09-04-2008 at 05:27 PM.
- 09-04-2008 05:13 PM #26
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Has anyone conducted a survey of the members of this chat group asking what ruling would they hope the court will render? In favor of E*..... or in favor of TIVO
- 09-04-2008 05:26 PM #27
- 09-04-2008 05:38 PM #28
[sarcasm on] yes, we all want our DVRs to be turned off [sarcasm off]
PS This is not a "chat group". Chat is an older internet application where you type something, and then ten other people type things, ignoring you entirely, causing your statement to scroll up to the top of the screen and disappear.
This is a Discussion Forum.
There is actually a Chat Room on this site, you have to click on the link marked "Chat Room".In San Francisco Bay ! - Louis Vuitton Cup: 04 July – 1 September 2013 ; America’s Cup Match (Finals): 7-22 September 2013
Toshiba 42zv650u, Olevia 542i, Onkyo A-V rcvr, Magneplanar SMGs, ViP622 and the first Dish500 ever made
blog: http://kenstuart.blogspot.com/
- 09-04-2008 06:26 PM #29
- 09-05-2008 12:20 PM #30
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