According to the Associated Press, TiVo has been awarded $73 million in its patent dispute against EchoStar. Several analysts had said that this was a life or death case for TiVo. The stock market has acted according bringing TiVo’s stock price up nearly 20% to $9.65.
Congratulations TiVo! I’m sure there will be more news to come…
Update 04/13 @ 8:17PM EST: TiVo’s official response can be found here. The official response says that TiVo is seeking an injunction against EchoStar.
First spotted on ZatzNotFunny
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