February 2, 2009 |
On Oct. 9, a day the Dow dropped 679 points, TiVo Inc. deposited a check for $104.6 million. The company had just won a hard-fought battle against EchoStar Communications Inc., whose Dish Network digital video recorders were found by a federal jury to infringe TiVo's patents. "I think we were the only company doing high-fives that day," recalled TiVo Chief Executive Tom Rogers. TiVo, whose name has become synonymous with digital video recorders, is the comeback kid of technology.
November 26, 2008 |
TiVo Inc., the pioneer of digital video recorders, reported a profit in its fiscal third quarter after winning $105 million from Dish Network Corp. in a patent-infringement lawsuit. Net income was $100.6 million, or 98 cents a share, in the period ended Oct. 31, compared with a loss of $8.27 million, or 8 cents, a year earlier, Alviso, Calif.-based TiVo said. Revenue fell 15% to $64.5 million, beating the $62.8-million average of analyst estimates compiled by Bloomberg. Dish, the second-largest U.S. satellite-television provider, agreed last month to pay TiVo the $105 million after the U.S. Supreme Court rejected its appeal.
November 18, 2008 |
Coming soon to a couch near you: dinner that you've ordered by picking up the remote. TiVo Inc. and Domino's Pizza Inc. on Monday launched a service that allows consumers to order food delivery from their TV set-top boxes. The offering, which is available to those of TiVo's 3.6 million subscribers who have a broadband-ready box, is at the forefront of what's expected to be an onslaught of services allowing people to buy things through their TVs.
October 30, 2008 |
Netflix Inc. continues to expand the reach of its "Watch Instantly" video streaming service, striking a deal to make its movie and TV shows available to about 1 million TiVo owners who have high-speed Internet connections. The partnership represents a bit of back to the future for Netflix and TiVo Inc. They originally announced a video-on-demand deal in fall 2004. That earlier agreement unraveled because of a combination of technology and rights issues.
October 7, 2008 |
The Supreme Court refused Monday to disturb a $74-million judgment against Dish Network Corp. for violating a patent held by TiVo Inc. involving digital video recorders. Without comment, the justices declined to consider Dish's appeal. In January, the U.S. Court of Appeals for the Federal Circuit agreed with a lower court that digital video recorders distributed by Dish, formerly known as EchoStar Communications Corp., violated the software elements of Alviso, Calif.-based TiVo's patent.
August 28, 2008 |
TiVo Inc. posted a quarterly profit for only the third time in its 11-year history Wednesday as the pioneer in digital video recorders boosted margins on hardware and reduced marketing costs in its fiscal second quarter. It was also the first time that TiVo had back-to-back quarters of profit. The Alviso, Calif., company reported net income of $2.9 million, or 3 cents a share, contrasted with a loss of $17.7 million, or 18 cents, a year earlier. Analysts polled by Thomson Reuters had expected a loss of 2 cents a share in the quarter that ended July 31. However, TiVo shares declined in extended trading after the company said its revenue in the current quarter would fall short of analysts' expectations at $49 million to $51 million.