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Shares in TiVo Inc. surged almost 29% yesterday after the DVR manufacturer
won a key patent infringement lawsuit against satellite television giant,
EchoStar Communications.
The U.S. Court of Appeals for the Federal Circuit in Washington D.C. affirmed a
lower court ruling which determined that EchoStar’s digital video recorders
infringed on TiVo’s patented “time warp” technology. Damages of $74 million
against EchoStar were upheld.
The U.S. Patent and Trademark Office reexamined the relevant patent last year,
on a request from EchoStar, and determined that it is valid, affirming the
strength of TiVo’s intellectual property in the home entertainment industry.
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Source: http://www.teleclick.ca/2008/02/tivowinsdvrpatentlawsuitagainstechostarcommunications/
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