Disclosure Insight Maintains Medium Risk – Negative Bias on TiVo

D.I. Reports reiterates its Medium Risk – Negative Bias on TiVo Inc. TIVO on patent litigation, turnover at the board, and duties of chairman and CEO held by one person. According to D.I., “In Aug-09, TIVO filed a lawsuit against AT&T and Verizon alleging that they infringe on 3 of its patents. Verizon filed a counterclaim in Feb-10 alleging that TIVO infringes on 5 of its patents. The matter appeared ongoing as of the 10-Q filed 9-Sep-11. In addition, the company is involved in a lawsuit filed by Microsoft alleging that it infringes on 7 of the plaintiff's patents. The litigation has been stayed pending a U.S. Patent and Trademark Office re-examination of the patents in question. The International Trade Commission is also conducting an investigation into Microsoft's claims. Patent infringement litigation filed by AT&T and Motorola Mobility appeared ongoing as of the 10-Q filed 9-Sep-11. There have been 7 director departures since Aug-07. The chairman role is functionally combined with that of CEO Tom Rogers.” TIVO closed at $11.24 per share, up 0.99 percent on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorNewsReiterationManagementAnalyst RatingsDisclosure InsightTom Rogers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!