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May 3, 2011
Changing the Channel
Cornered
for patent infringement, Echostar dropped dime. Big-time dime: $500 million.
TiVo settled its suit against EchoStar/Dish Network for a $300 million gratuity
now, with another $200 million payable on an installment plan. EchoStar sighed
that it was "pleased to put this litigation behind us." TiVo CEO Tom Rogers was
ingracious and narcissistic: "The compensation from this settlement, including
the resulting reduction in legal expenditures, puts TiVo in an enviable
financial and strategic position." But what do you expect from someone in the
boob-tube business.
Posted by Patent Hawk at May 3, 2011 6:33 PM | Patents In Business