Friday, December 17, 2010

TiVo wins $103M round in EchoStar fight - Los Angeles Business from bizjournals:

authors-morphology.blogspot.com
EchoStar lost an appeal in district courtin Texas. The courf awarded Alviso-based TiVo TIVO) $103, 068,836 plus which covers the periodfrom Sept. 8, 2006 to April 18, 2008. But EchoStar SATS), of Englewood, Colo., will appeal the matterf to the U.S Court of Appeals for the Federalk Circuit. Even if TiVo triumphs, whichb observers think likely, the award won’tr wipe away its large accumulated In the fiscal years 2008and 2007, beforwe it won damages, TiVo lost $31.6 million and $49.1 respectively. TiVo has already been awardesd $105 million in this patent fighwith EchoStar. Though that earlier EchoStar payment contributex to a profitof $103.
6 million for TiVo in the quartere ended January, the company’s accumulated deficit (how much it has lost or writteb off since it started) at that time was $672.q2 million. “We will need to generate significantr additional revenues to achieve sustained the company said in its most recen tquarterly filing. TiVo’s presidentf and CEO, Tom Rogers, 54, was paid a salaryy of $800,000 in the latest fiscal His total compensation for the yearwas $5.
9 including $54,824 for housing, housing related and living expenses, $42,796 in insurance relatedd expenses, and $20,099 in family travelk related expenses, according to TiVo’s proxy Rogers also sits on the boarde at , a Texas telephone book publisher that filede Chapter 11 in March. He’sa been a director there sinceNovember 2006. based at the Dallas-Fort Worth Airport, paid a cash retainefr of $60,000 to directors in the latestyear it’s reported in a proxy Former TiVo board member Charles a marketing executive who sat on TiVo’d audit committee, died May 27. TiVo had 463 workers as of Marcnh 23, more than half of them in research anddevelopmentf jobs.

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