No details on the terms yet, but TiVo stock closed +8.3% after the court in Texas where the trial was to begin on June 10 confirmed that the case has been settled. TiVo had alleged that Motorola DVRs used by Time Warner Cable infringed on its patents for common processes including the ability to watch one show while recording another. Susquehanna Financial Group’s Thomas Claps had forecast that TiVo would prevail with a settlement that could go as high as $1B. Brean Capital’s Todd Mitchell said recently that “TiVo is well positioned for this case based on precedent, and we estimate potential damages could be as high at $800 million.” Prior to this case, the DVR pioneer was batting 3-for-3 in similar patent cases, winning settlements with Dish Network, AT&T, and Verizon. TiVo has no comment on the case. It will face off with Time Warner Cable again next year in a similar patent dispute involving Cisco.
By DAVID LIEBERMAN, Financial Editor | Thursday June 6, 2013 @ 3:40pm EDTTags: Lawsuit, Motorola, Time Warner, TiVo
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