TiVo shares plummet

The company loses a round in its ongoing legal battle against Dish Network and EchoStar.

By Kim Peterson May 14, 2010 2:38PM
TiVo (TIVO) investors are overreacting just a little, don't you think?

Shares of the company have fallen more than 40% Friday after TiVo lost a round in court against Dish Network (DISH) and EchoStar (SATS). Now, those two companies have been given the green light to make their case again in court.

Basically, the issue revolves around whether Dish and EchoStar are using digital video recording technology that TiVo has patented. A previous court said in March that the two companies were guilty -- and TiVo shares jumped in response.

But Dish and EchoStar asked for a do-over, and that court is allowing them another chance, MarketWatch reports.

TiVo has been winning this case from when it initially sued EchoStar in 2004.

EchoStar shares were unchanged Friday, while Dish Network shares were up a little more than 3%.

Too bad we can't buy shares in the lawyers working on this case. In six years of litigation, they're the only ones coming out ahead.

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

126
126 rated 1
286
286 rated 2
474
474 rated 3
680
680 rated 4
626
626 rated 5
609
609 rated 6
620
620 rated 7
462
462 rated 8
304
304 rated 9
132
132 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
BIDUBAIDU Inc10
BXTHE BLACKSTONE GROUP L.P10
CELGCELGENE CORP10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.