Yesterday, Judge Folsom finally made his ruling in our long-standing patent litigation case against Echostar. When I joined TiVo nearly 4-1/2 years ago, this case had already begun, and it was one of the main reasons I was so optimistic about TiVo’s future. Well, the wheels of justice turn a lot slower than I had expected, but they do turn, and fortunately the outcome is as I had hoped.
Who knows what shenanigans Charlie Ergen (Echostar’s CEO) has planned next, but this ruling is very significant and most analysts seem to agree that ol’ Charlie has just about run out of options. The market seems to agree with TiVo stock up nearly 50%.