UPDATE: JP Morgan Positive on TiVo Filing

JP Morgan published a research report on TiVo TIVO after the company filed a reply to support its motion for consolidation on Monday. In the report, JP Morgan wrote, "TIVO claims in the court filing that consolidating the Motorola and Cisco cases will reduce cost of pre-trial discovery and of the Markman hearings. We believe consolidation may also mitigate risks associated with duplicate depositions. TIVO acknowledges the importance of the case, stating that Motorola's infringement "dwarfs" prior infringement claims (Echostar: ~$600 million, AT&T: $215 million, Verizon: $250 million) owing to the massive number of DVRs shipped. TIVO believes damages could run into the billions of dollars and the firm requests a permanent injunction against the infringing Motorola DVRs." JP Morgan maintained its Overweight rating on TiVo, which is currently trading up 3.91 percent from Monday's $9.97 closing price.