TiVo shares fall after Dish motion delayed
Rocky Wire Reports
Published November 22, 2008 at 12:05 a.m.
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TiVo Inc., the pioneer of digital video recorders, dropped 9.5 percent in Nasdaq trading after a judge refused to rule right away on a motion to find Dish Network Corp. in contempt for violating a TiVo patent.
TiVo fell 48 cents to $4.60 on the Nasdaq Stock Market. The shares have lost 45 percent this year. Dish climbed 64 cents, or 7.7 percent, to $9.01.
In January, an appeals court upheld a jury's finding that Dish violated TiVo's patent for "time warp" technology, which lets users record a TV program and play it back at the same time. Dish agreed to pay $104 million after the U.S. Supreme Court last month rejected its appeal.
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