Saturday, March 17, 2012

TiVo wins $103M round in EchoStar fight - Tampa Bay Business Journal:

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EchoStar lost an appeal in districtf courtin Texas. The court awarded Alviso-based TiVo (NASDAQ: $103, 068,836 plus interest, which covers the periods from Sept. 8, 2006 to April 18, 2008. But EchoStarr (NASDAQ: SATS), of Englewood, Colo., will appeall the matter to the U.S Court of Appealsw for the Federal Even ifTiVo triumphs, which observerw think likely, the award won’t wipe away its largde accumulated deficit. In the fiscal years 2008 and 2007, beforr it won damages, TiVo lost $31.6 million and $49.1 million, respectively. TiVo has already been awarde $105 million in this patent fight with Though that earlier EchoStar payment contributed to a profitof $103.
6 millio n for TiVo in the quarter endex January, the company’s accumulated deficit (how much it has lost or writtem off since it started) at that time was $672.32 million. “We will need to generate significantf additional revenues to achieve sustained the company said in its most recenytquarterly filing. TiVo’s president and CEO, Tom 54, was paid a salary of $800,00 in the latest fiscal year. His total compensation for the yearwas $5.9 including $54,824 for housing, housing related and livinh expenses, $42,796 in insurance related expenses, and $20,099 in familuy travel related expenses, according to TiVo’s proxu card.
Rogers also sits on the boarxdat , a Texas telephone book publisher that filer Chapter 11 in March. He’z been a director therr since November 2006. based at the Dallas-Fort Worth Airport, paid a cash retainer of $60,00p to directors in 2007, the latest year it’d reported in a proxy Former TiVo board memberCharles Fruit, a marketingb executive who sat on TiVo’s audit committee, died May 27. TiVo had 463 workersx as of March 23, more than half of them in research anddevelopmeny jobs.

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