I don’t have a lot of time to elaborate on this news however, I thought I should at least mention it since it is a big deal….

Earlier today, the U.S. Court of Appeals ruled in favor (PDF) of TiVo in their patent lawsuit against EchoStar. Dave Zatz was first to break the news and TiVo has since issued the following press release:

“We are extremely pleased that the United States Court of Appeals for the Federal Circuit unanimously ruled in our favor in EchoStar’s appeal of the district court judgment of patent infringement, full award of damages and that the injunction, which was stayed pending appeal, was ordered to be reinstated. Today’s ruling is confirmation of the value of TiVo’s IP portfolio, which is in addition to the other benefits TiVo has to offer. TiVo can now continue to focus on its goal to drive greater distribution in both its stand alone and mass distribution efforts.”

This is obviously great news for TiVo Inc. and for TiVo investors (stock rose 28.97% today)! Hopefully this means that we’ll see an end to this lawsuit sometime in the near future….