SONICblue and TiVo Drop Patent Infringement Suits
Friday November 8, 6:05 pm ET
SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 8, 2002--SONICblue(TM)Incorporated (Nasdaq:SBLU - News) and TiVo (Nasdaq:TIVO - News) announced today the companies have reached an agreement to drop patent infringement suits that they filed against each other last year that are pending in the United States District Court for the Northern District of California. Each side will dismiss its claims against the other without prejudice.
In a joint statement the two companies said, "We believe our energies are better spent expanding the market for Digital Video Recorders (DVRs) rather than fighting each other. Both sides believe in the merits of their respective positions, but the overall success of the DVR category is what is most important to the companies at this time."
About SONICblue Incorporated
SONICblue is a leader in the converging Internet, digital media, entertainment and consumer electronics markets. Working with partners that include some of the biggest brands in consumer electronics, SONICblue creates and markets products that let consumers enjoy all the benefits of a digital home and connected lifestyle. SONICblue has significant global marketing capabilities and a focused technology portfolio that includes Rio® digital audio players; ReplayTV® personal television technology and software solutions; and Go-Video® Dual-Deck(TM) VCRs and integrated DVD+VCRs. For more information please visit www.sonicblue.com.
About TiVo
Founded in 1997 with the mission to dramatically improve consumers' television viewing experiences, TiVo is a creator of and leader in television services for digital video recorders (DVR). TiVo has built a loyal and passionate subscriber base with over 97% of customers recommending TiVo to a friend. This enthusiasm has contributed to overwhelming growth over the past year, bringing the total subscriber base to exceed 464,000. TiVo is headquartered in San Jose, Calif. Additional information can be found at tivo.com.
Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to, the dismissal of claims in the current TiVo - SONICblue litigation and efforts to expand the DVR market, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, product engineering and marketing efforts of SONICblue, resource availability and other risks detailed from time to time in the SEC reports of SONICblue Incorporated, including its annual report on Form 10-K for the period ended December 31, 2001 and its quarterly report on Form 10-Q for the period ended June 30, 2002. These forward-looking statements speak only as of the date hereof. SONICblue disclaims any obligation to update these forward-looking statements.
SONICblue and Dual-Deck are trademarks of SONICblue Incorporated. Rio, ReplayTV and Go-Video are registered trademarks of SONICblue Incorporated. All other products and brand names as they appear in this release are trademarks or registered trademarks of their respective holders.
This release may contain forward-looking statements regarding TiVo's business, customers or other factors that may affect future earnings or financial results. 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 "Factors That May Affect Future Operating Results" and other risks detailed in our Annual Report on Form 10-K for the period ended January 31, 2002, and the Quarterly Report on Form 10-Q for the period ended July 31, 2002, filed with the Securities and Exchange Commission. We caution you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof.
TiVo is a registered trademark of TiVo Inc. in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated.
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Contact:
SONICblue
Amanda Sanyal, 408/588-8060 (press)
asanyal@sonicblue.com
Ian Shea, 408/588-8242 (investors)
ir@sonicblue.com
or
TiVo |
