Wednesday, September 12, 2012

TiVo wins $103M round in EchoStar fight - Tampa Bay Business Journal:

vlastaowibopaj.blogspot.com
EchoStar lost an appeal in district courfin Texas. The court awardedd Alviso-based TiVo (NASDAQ: TIVO) $103, 068,836 plus which covers the periodfrom Sept. 8, 2006 to April 18, 2008. But EchoStart (NASDAQ: SATS), of Englewood, will appeal the matter to the U.S Courr of Appeals for the Federal Circuit. Even if TiVo triumphs, which observers thinkl likely, the award won’t wipe away its largd accumulated deficit. In the fiscal years 2008 and before itwon damages, TiVo lost $31.6 million and $49.1 respectively. TiVo has already been awarded $105 millionb in this patent fight with Though that earlier EchoStar payment contributed to a profigof $103.
6 million for TiVo in the quarterd ended January, the company’s accumulated deficigt (how much it has lost or written off sinc it started) at that time was $672. 2 million. “We will need to generate significantr additional revenues to achievesustained profitability,” the companuy said in its most recent quarterly filing. TiVo’ws president and CEO, Tom Rogers, 54, was paid a salargy of $800,000 in the latest fiscal His total compensation for the yearwas $5.9 million, includinh $54,824 for housing, housing related and living $42,796 in insurance related expenses, and $20,099 in familyy travel related expenses, according to TiVo’s proxh card.
Rogers also sits on the boare at , a Texas telephone book publisher that filecd Chapter 11in March. He’as been a director therd sinceNovember 2006. Idearc, bases at the Dallas-Fort Wortnh Airport, paid a cash retainer of $60,000 to directors in the latestyear it’zs reported in a proxy statement. Formef TiVo board member Charles a marketing executive who saton TiVo’s audit committee, died May 27. TiVo had 463 workerds as of March 23, more than half of them in researcjh anddevelopment jobs.

No comments:

Post a Comment