TiVo Statement in Response to Decision to Temporarily Block Injunction
TiVo Statement in Response to the Federal Circuit Court of Appeals' Decision to Temporarily Block Injunction
ALVISO, Calif., Aug. 18 /PRNewswire-FirstCall/ -- TiVo Inc. (Nasdaq:
TIVO), the creator of and a leader in television services for digital video
recorders (DVR), today offered the following statement on the Federal
Circuit Court of Appeals in Washington, D.C. decision to temporarily block
the injunction ordered by U.S. District Court Judge David Folsom:
The company said, "We are very pleased by recent developments involving
the issuance of a permanent injunction in our patent case against EchoStar
by the United States District Court, Eastern District of Texas. The court
of appeals temporarily stayed the district court injunction until it
reviews the papers submitted by the parties and decides whether a stay
should or should not be in effect for the duration of the appeals process.
The court stated that the temporary stay is not based on a consideration of
the merits of EchoStar's request, and is entered to preserve the status quo
while the court considers the parties' papers."
About TiVo
Founded in 1997, TiVo pioneered a brand new category of products with
the development of the first commercially available digital video recorder
(DVR). Sold through leading consumer electronic retailers, TiVo has
developed a brand which resonates boldly with consumers as providing a
superior television experience. Through agreements with leading satellite
and cable providers, TiVo also integrates its full set of DVR service
features into the set-top boxes of mass distributors. TiVo's DVR
functionality and ease of use, with such features as Season Pass(TM)
recordings and WishList(R) searches, has elevated its popularity among
consumers and has created a whole new way for viewers to watch television.
With a continued investment in its patented technologies, TiVo is
revolutionizing the way consumers watch and access home entertainment.
Rapidly becoming the focal point of the digital living room, TiVo's DVR is
at the center of experiencing new forms of content on the TV, such as
broadband delivered video, music and photos. With innovative features such
as, TiVoToGo(TM) and online scheduling, TiVo is expanding the notion of
consumers experiencing "TiVo, TV your way." The TiVo(R) service is also at
the forefront of providing innovative marketing solutions for the
television industry, including a unique platform for advertisers and
audience measurement research. The company is based in Alviso, Calif.
This release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements relate to, among other things, TiVo's business, services,
financial statements, future product strategy, and the impact of the
EchoStar litigation. Forward-looking statements generally can be identified
by the use of forward-looking terminology such as, "believe," "expect,"
"may," "will," "intend," "estimate," "continue," or similar expressions or
the negative of those terms or expressions. Such statements involve risks
and uncertainties, which could cause actual results to vary materially from
those expressed in or indicated by the forward-looking statements. Factors
that may cause actual results to differ materially include delays in
development, competitive service offerings and lack of market acceptance,
as well as the other potential factors described under "Risk Factors" in
the Company's public reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for the
fiscal year ended January 31, 2006, as updated by subsequent Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions
you not to place undue reliance on forward-looking statements, which
reflect an analysis only and speak only as of the date hereof. TiVo
disclaims any obligation to update these forward- looking statements.
SOURCE TiVo Inc.
