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TiVo Soars After $103M Court Victory Over Dish

Stock quotes in this article: DISH , TIVO  

NEW YORK (AP) — TiVo Inc. shares skyrocketed Wednesday after a federal court ordered rival Dish Network Corp. to pay the company $103 million plus interest for violating TiVo's patent by using a modified digital video recorder technology.

TiVo shares soared $3.47, or 49.7 percent, to $10.45.

The court decision, announced Tuesday, determined that Dish violated TiVo's DVR Time Warp technology patent, which lets viewers pause, rewind and fast-forward live TV shows. ...

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