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TiVo (TIVO Quote) won a patent case against EchoStar (SATS Quote), but the 47% stock rise Wednesday may reflect a far too bullish scenario.
A federal court shot down EchoStar's argument that it had created a successful solution that works around TiVo's DVR technology. In the decision, the court awarded TiVo $103 million, which is on top of the $105 million payment that EchoStar parent Dish Network(DISH Quote) made to TiVo a year ago.
Barclays Capital analysts wrote Wednesday that they expect Dish to settle with TiVo, taking about 3 cents from the company's bottom line this year and another 9 cents per share next year. ...
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