TiVo gets injunction against EchoStar 1 hour, 41 minutes ago
TiVo Inc. said Friday that a court ruled against EchoStar Communications Corp., saying it must halt the manufacture and sale of its DVR products in the U.S., and ordered it to pay more than $89 million in damages to the digital video recorder maker.
Englewood, Colo.-based EchoStar, owner of Dish Network, said it plans to appeal the decision.
TiVo said U.S. District Court Judge David Folsom, who presided over a jury trial in Eastern Texas that concluded in TiVo's favor in April, denied EchoStar's request to stay the injunction pending appeal.
EchoStar plans to move forward in the case.
"We are pleased the court concluded EchoStar did not act in bad faith and did not copy TiVo's technology, and we intend to continue our vigorous defense of this case," the company said in a statement.
TiVo said it was pleased with the judge's ruling.
"This decision recognizes that our intellectual property is valuable and will ensure that moving forward EchoStar will be unable to use our patented technology without our authorization," the company said in statement.
TiVo shares added 90 cents, or 13.9 percent, to $7.39 in premarket electronic trading. The stock, which finished Thursday at $6.49 on the Nasdaq, hit a 52-week high of $9.49 on April 17, and is up nearly 27 percent year-to-date. |
