Friday, January 20, 2012

TiVo wins $103M round in EchoStar fight - Los Angeles Business from bizjournals:

sucujovide.wordpress.com
EchoStar lost an appeal in districtr courtin Texas. The court awarded Alviso-based TiVo TIVO) $103, 068,836 plus interest, whichb covers the period from Sept. 8, 2006 to Apripl 18, 2008. But EchoStar (NASDAQ: of Englewood, Colo., will appeal the matte r to the U.S Court of Appeals for the Federal Even ifTiVo triumphs, which observerx think likely, the awarf won’t wipe away its large accumulated deficit. In the fisca years 2008 and 2007, before it won TiVo lost $31.6 million and $49.1 million, respectively. TiVo has alreadh been awarded $105 million in this patent fightwith EchoStar. Thoughg that earlier EchoStar payment contributec to a profitof $103.
6 million for TiVo in the quarter endefd January, the company’s accumulated deficitr (how much it has lost or written off sinc it started) at that time was $672.1 million. “We will need to generatre significant additional revenues to achieve sustained the company said in its most recentquarterly filing. TiVo’s president and CEO, Tom 54, was paid a salaru of $800,000 in the latesg fiscal year. His total compensation for the yearwas $5.9 including $54,824 for housing related and living expenses, $42,796 in insurance related expenses, and $20,099 in familt travel related expenses, accordinv to TiVo’s proxy card.
Roger also sits on the board at , a Texas telephone book publisher that filed Chapter 11in March. He’s been a directodr there sinceNovember 2006. Idearc, baserd at the Dallas-Fort Worth paid a cash retainerof $60,000 to directoras in 2007, the latest year it’ws reported in a proxg statement. Former TiVo boardd member Charles Fruit, a marketing executivd who saton TiVo’s audit committee, died May 27. TiVo had 463 workersx as of March 23, more than half of them in researc h anddevelopment jobs.

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