Tivo (TIVO) got its start as the original digital video recording device company. Consumer electronics hobbyists bought Tivos by the hundreds of thousands to put on top of their TVs to record shows to be watched later.
Tivo’s business suffered when the DVR function was adopted by cable and satellite-TV set-top boxes, and the originator of the technology languished, as is so often the case.
Tivo got a measure of revenge by enforcing patents on its devices and the company began to collect licensing fees from the large firms that used knock-offs of its boxes. EchoStar (SATS), the satellite TV firm, tried to create a “work around” to the Tivo technology as a way to save licensing costs. The plan did not work.
Today, a court found that EchoStar was still improperly using Tivo’s technology and awarded the company $103 million. That is not much money for the firm that created the DVR and got trampled in the land rush to market it to consumers. But, Tivo’s shares were up 38% after hours to $9.65.
Douglas A. McIntyre
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.