TiVo about to bounce back?
April 5, 2011
Shares have climbed over five per cent in recent days as Wall Street gossip suggested that a federal court could be releasing positive news for TiVo any day now.
At this stage any such gossip is just that, but investors would love to see a favourable end to TiVo’s very long-running patent dispute with Charlie Ergen’s EchoStar/Dish TV. Last month, TiVo raised $150m in order to continue funding its assorted legal battles. One analyst recently said that that TiVo’s stock could near-double if it were to win the EchoStar actions.
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