TiVo Renews With DirecTV, Awarded Damages In Patent Suit

  • April 14, 2006
More good news for TiVo: A day after its extended a marketing agreement with DirecTV three more years, a federal jury awarded TiVo nearly $74 million in damages from a patent-infringement lawsuit against EchoStar Communications Corp., the parent of the Dish satellite television provider. News of the verdict sent TiVo shares soaring nearly 20 percent, or $1.60, to $9.65 in late-session electronic trading. --Wayne Friedman
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