TiVo gets $104.6 million check from EchoStar judgement
Tivo got its $104,600,472 payment from Echostar, now known as Dish Network, over violation of a patent held by TiVo involving digital video recorders, according to a filing it made today with the SEC. The judgement included $74 million in initial damages awarded by the United States District Court covering the period through Sept. 8, 2006, plus related interest through Wednesday, the day TiVo check arrived.
Earlier this week, the Supreme Court refused to disturb the judgment against Dish Network, denying the satellite broadcaster’s appeal without comment. In January, the U.S. Court of Appeals for the Federal Circuit agreed with a lower court that DVRs distributed by Dish violated the software elements of San Jose-based TiVo’s patent. The ruling overturned the lower court’s finding that Dish also infringed on the patent’s hardware elements.
TiVo sued in 2004, alleging that EchoStar infringed on TiVo’s patented technology that allows viewers to record one program while watching another. The lower court had ordered Dish to shut down the 3 million digital video recorders used by its customers because they use TiVo’s technology, but that order was put on hold pending appeal.
The payment doubles the amount of cash and cash equivalents the company has on hand, based on its results as of July 31.
Subscribe via RSS all feeds
Go Tivo! How soon before you see a Tivo option at Time Warner and the rest of the cable companies??? It’s either going to be “partner up” or pay up!
Now we owners should get paid for the garbage software that dish network forced on our receivers that make them go magenta at will.