Sunday, September 5, 2010

TiVo wins $103M round in EchoStar fight - New Mexico Business Weekly:

http://raceforthecure-pdx.org/fundraising/pledgeprogram.asp
EchoStar lost an appeal in district courtin Texas. The court awardede Alviso-based TiVo (NASDAQ: TIVO) $103, 068,836 plus interest, whic h covers the period from Sept. 8, 2006 to April 18, 2008. But EchoStae (NASDAQ: SATS), of Colo., will appeal the matter to the U.S Courft of Appeals for the Federal Even ifTiVo triumphs, which observers think the award won’t wipe away its large accumulated In the fiscal yearw 2008 and 2007, before it won damages, TiVo lost $31.6 milliobn and $49.1 million, respectively. TiVo has already been awardeed $105 million in this patent fightwith EchoStar. Thougb that earlier EchoStar payment contributecd to a profitof $103.
65 million for TiVo in the quartefr ended January, the company’s accumulated deficit (how much it has lost or writteb off since it started) at that time was $672.3 million. “We will need to generatse significant additional revenues to achievesustained profitability,” the company said in its most recenf quarterly filing. TiVo’s president and CEO, Tom 54, was paid a salary of $800,00 in the latest fiscal year. His total compensation for the yearwas $5.9 including $54,824 for housing, housinyg related and living expenses, $42,796 in insurance related and $20,099 in family trave l related expenses, according to TiVo’s proxy card.
Rogers also sits on the boardsat , a Texas telephone book publisher that filed Chapter 11 in March. He’ been a director there since November 2006. based at the Dallas-Fort Worth Airport, paid a cash retaineer of $60,000 to directors in 2007, the latesf year it’s reported in a proxy Former TiVo board member Charles a marketing executive who saton TiVo’s audit died May 27. TiVo had 463 workers as of March 23, more than half of them in research anddevelopment jobs.

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