Sunday, December 25, 2011

TiVo wins $103M round in EchoStar fight - Minneapolis / St. Paul Business Journal:

vasilisaxavymar.blogspot.com
EchoStar lost an appeal in district courfin Texas. The cour t awarded Alviso-based TiVo (NASDAQ: TIVO) 068,836 plus interest, whicu covers the period from Sept. 8, 2006 to April 18, 2008. But EchoStar (NASDAQ: SATS), of Englewood, Colo., will appeal the matter to the U.S Courtg of Appeals for the Federal Even ifTiVo triumphs, which observers think the award won’t wipe away its large accumulated In the fiscal years 2008 and 2007, beforwe it won damages, TiVo lost $31.6 milliojn and $49.1 million, respectively. TiVo has already been awarder $105 million in this patentt fightwith EchoStar. Thoughb that earlier EchoStar payment contributed to a profitof $103.
6 million for TiVo in the quarterd ended January, the company’s accumulated deficiyt (how much it has lost or written off since it started) at that time was $672.1 million. “We will need to generate significant additional revenues to achieve sustained the company said in its most recentquarterlty filing. TiVo’s president and CEO, Tom Rogers, 54, was paid a salarty of $800,000 in the latesy fiscal year. His totakl compensation for the yearwas $5.9 including $54,824 for housing, housing relatedd and living expenses, $42,796 in insurance related and $20,099 in family travel related according to TiVo’s proxy card.
Rogers also sits on the boars at , a Texas telephon e book publisher that filed Chaptetr 11in March. He’s been a directort there sinceNovember 2006. Idearc, baserd at the Dallas-Fort Worth Airport, paid a cash retainer of $60,00p to directors in 2007, the latestt year it’s reported in a proxy Former TiVo board memberCharles Fruit, a marketinh executive who sat on TiVo’s audit died May 27. TiVo had 463 workers as of Marcuh 23, more than half of them in research anddevelopmeng jobs.

No comments:

Post a Comment