TiVo Statement on Receipt of Over $104 Million in Damages from EchoStar

By PR Newswire ALVISO, Calif., Oct. 9 /PRNewswire-FirstCall/ -- TiVo Inc. (Nasdaq: TIVO), the creator of and a leader in television products and services for digital video recorders (DVRs), offered the following statement today on receipt of damages from EchoStar Communications Corporation: "We are pleased to have received $104,600,472 from EchoStar on October 8, 2008, which includes the initial $74 million in damages awarded by the United States District Court for EchoStar's willful patent infringement as well as supplemental damages covering the period through September 8, 2006 and interest. We remain confident that the District Court will enforce the injunction and award further damages from EchoStar's continued infringement of our Time Warp patent." About TiVo Inc. Founded in 1997, TiVo (Nasdaq: TIVO - News) pioneered a... [read full story]