Tivo (TIVO) has moved further down the road in collecting huge penalities from Dish Network (DISH) and Echostar (SATS) for violating the little DVR company’s patents.
The United States District Court, Eastern District of Texas ordered contempt sanctions against the satellite TV firms. Read More
These are the top 10 pre-market analyst upgrades and downgrades in Wall Street research calls this Tuesday morning:
Amgen (AMGN) Started as Buy at RBC.
Brightpoint (CELL) Raised to Buy at Citigroup.
Echelon (ELON) Raised to Neutral at Piper Jaffray.
Echostar Holdings (SATS) Raised to Buy at Citigroup.
Kroger (KR) Started as Buy at Deutsche Bank.
QLogic (QLGC) Raised to Outperform at RBC.
MBIA Inc. (MBI) Cut to Underweight at JPMorgan.
PETsMART (PETM) Cut to Neutral at JPMorgan.
Sprint Nextel (S) Cut to Underweight at Piper Jaffray.
YUM! Brands (YUM) Cut to Neutral at UBS.
JON C. OGG
AUGUST 11, 2009
Reuters: GM and Chrysler said closing dealers was essential to their restructuring.
Reuters: The Justice Department is probing big tech employee recruiting.
Reuters: Medical bills underlay 60% of American bankruptcies. Read More
Tivo (TIVO) got its start as the original digital video recording device company. Consumer electronics hobbyists bought Tivos by the hundreds of thousands to put on top of their TVs to record shows to be watched later.
Tivo’s business suffered when the DVR function was adopted by cable and satellite-TV set-top boxes, and the originator of the technology languished, as is so often the case. Read More
DISH Network Corporation (NASDAQ: DISH) and former partner EchoStar Corp. (NASDAQ: SATS) have both reported earnings this morning.
DISH (DISH) earned $0.48 EPS on a 1% decline in revenues to $2.92 billion. This is under estimates of $0.49 EPS and $2.96 billion in revenue, but the miss here is so close that in today’s market it might be considered a win. DISH also lost 102,000 net subscribers by its own count.
EchoStar Corp. (SATS) is where this gets convoluted. It posted a rather large loss at -$7.73 EPS on $496 million in revenue. $247 million of the loss was a goodwill write down of $247 million for the purchase of Sling Media and $216 million in investment losses. We do not have enough estimates on this one for it to really count, but consensus were about $563.3 million.
Neither stock has traded this morning.
Jon C. Ogg
"Somebody, Help Me!!! Please!!!"
If you thought that the SIRIUS XM Radio Inc. (NASDAQ: SIRI) situation couldn’t get more complex, it could. It has. Reports of it getting ready for bankruptcy, and then getting a controlling debt investment from EchoStar Corp. (NASDAQ: SATS) and Charles Ergen only made matters worse. And now this morning comes reports that SIRIUS XM is in talks with Liberty Media Interactive (NASDAQ: LINTA).
Read More
Tivo (TIVO) was such a promising consumer electronics start-up. The firm owned the digital video recorder business and then that was taken away from it by the cable companies, satellite companies, and products ranging from PCs to the Slingbox. There isn’t much of Tivo left.
Tivo has been able to get a few licks in with the competition by taking them into court for patent infringement. The fighting over IP issues has gotten so bad that it extends to suits over what each company says in public about the others.
According to The Wall Street Journal "Dish Network Corp (DISH). and EchoStar Corp (SATS). filed a lawsuit against TiVo Inc. in response to what it said were statements by TiVo that the satellite television companies’ new digital-recording software infringes one of TiVo’s patents."
An outstanding use of shareholder money.
Douglas A. McIntyre
| Today’s top tickerspy Indexes | |
| Home Furnishing R... | +14.1% |
| Ethanol and Biofu... | +5.1% |
| Electronics Retai... | +2.1% |
| Diabetes Stocks | +2.0% |
| Memory Chip Stock... | +2.0% |
 | |
| |
RSS Updates
Email Updates
