Satellite Sys Corp  (SATS) Trade Now »     Rate SATS  -  Discuss SATS  -  Add to Watch List        

Interesting tidbit in the ongoing patent infringement litigation between TiVo (TIVO) and Dish Network (DISH)/Echostar (SATS): according to an otherwise routine filing in the case by the Dish/Echostar side, TiVo is seeking nearly $1 billion in contempt sanctions related to alleged violations by Dish and Echostar of a court order not to violate TiVo’s DVR patents.

Filed under: Major movement, Bad news, Law, Options, Technical Analysis

TiVo (TIVO) shares this morning are heading lower after the company said the U.S. Court of Appeals for the Federal Circuit has granted a request by EchoStar (SATS) to stay a contempt order imposed  by a lower court pending the outcome of EchoStar’s appeal in the the patent dispute between the two companies.

TiVo (TIVO) shares are up sharply after hours after a federal court in Texas upheld the company’s patents in its closely watched infringement case against EchoStar (SATS). The Judge ruled that EchoStar and DISH Network (DISH) are in contempt of court, rejected their workaround of TiVo’s patent, ordered the companies to stop using TiVo technology in its DVRs, refused to stay its previous injunction against further violations of the patent and awarded TiVo another $103 million plus interest through April 2008. DISH previously paid nearly $105 million in damages in the case.