Dish Network Granted Stay In TiVo Ruling

Tuesday's ruling was the "the most decisive setback yet in protracted litigation" between Dish and TiVo, said Standard & Poor's analyst Tuna Amobi in a research note. He kept his "strong sell" rating on Englewood, Colo.-based Dish.

Shares of Alviso, Calif.-based TiVo fell by 35 cents, or 3.3 percent, to $10.35 after hours Wednesday. The stock surged by 53 percent in the regular session. Dish was up 7 cents to $15.63 after hours, after falling nearly 10 percent during the day.