CBS - TIVO RECORDS BIG SHARE-PRICE GAIN

TIVO RECORDS BIG SHARE-PRICE GAIN

Shares in TiVo fast-forwarded Thursday after a U.S. appeals court ruled in its favor in its patent dispute against Dish Network, which provides a similar digital video recorder to customers. The court ruled that the DVR itself did not violate TiVo's patents, as TiVo had claimed, but that the software used with it did. It ordered Dish to pay $73 million in damages. Dish, which vowed to appeal the ruling, said that the decision will not affect its operations since it has already provided subscribers to its satellite service with different software that does not violate TiVo patents. TiVo investors also got news Thursday that the company had signed a major deal with CBS for its research service, which tracks the behavior of its DVR users. It had previously signed up NBC.

01/02/2008