This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Rovi Issues Statement In Response To Initial Determination From International Trade Commission

SANTA CLARA, Calif., June 10, 2013 (GLOBE NEWSWIRE) -- Rovi Corporation (Nasdaq:ROVI) today announced that the Administrative Law Judge (ALJ) at the United States International Trade Commission (ITC) has issued an initial determination in its action against Netflix and Roku. The ALJ found three out of the four Rovi patents involved in this action are valid, however has determined that Netflix and Roku have not infringed the patents in the current proceeding. In addition, the ALJ found that Rovi had satisfied the domestic industry requirement of the ITC for all of the asserted patents and rejected all the defense claims such as patent misuse and exhaustion that were raised by Netflix and Roku.

"While we are disappointed in the initial determination of no infringement and expect to exercise our right to petition the full Commission of the ITC for a review of this decision, we are pleased that the majority of the patents involved were confirmed valid," said Samir Armaly, executive vice president of worldwide intellectual property and licensing for Rovi. "We continue to believe in the strength, relevance and value of our patent portfolio, which is evident from the extensive licensing we have successfully completed with many leading companies throughout the world."

Mr. Armaly also noted that, "This initial determination involved only four patents in Rovi's extensive worldwide portfolio of over 5000 issued patents and pending applications. As with any patent litigation issue, the determination made by the ITC is unique to the products of the parties involved, and is not broadly applicable. We will continue to seek to license companies to the technologies that we've developed and to protect our intellectual property from unlicensed use, including in the pending federal district court action against Netflix, in which certain issues required in the ITC are not part of Rovi's case."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs