TiVo stock soars after hours as judge awards it $190 Million from EchoStar


LOS ANGELES (Reuters) – A federal judge in Texas awarded set-top box maker TiVo Inc about $190 million in damages on Tuesday in a long-running patent infringement dispute with DISH Network Corp and EchoStar Corp.

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TiVo’s patent with several digital video recorder models by implementing new “workaround” technology that TiVo claimed still infringed.

The court set a June 26 hearing on potential sanctions against EchoStar.

In his final order, Folsom ruled that TiVo should recover from EchoStar $73.9 million plus $15.7 million in interest on the patent infringement claims, plus $103.1 million in damages plus interest accrued during the stay of the injunction.

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In after hours trading, TIVO was up more than $2 a share ($9.37 at 7:35pm EDT).

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