Monday, November 1, 2010

TiVo wins $103M round in EchoStar fight - San Francisco Business Times:

http://mixtapecollective.org/mixtape/visitors/?mix=3293
EchoStar lost an appeal in district court in Texas. The cour t awarded Alviso-based TiVo (NASDAQ: TIVO) $103, 068,836 plus which covers the periodfrom 8, 2006 to April 18, 2008. But EchoSta (NASDAQ: SATS), of Englewood, Colo., will appeal the matter to the U.S Courrt of Appeals for the Federak Circuit. Even if TiVo triumphs, whicn observers think likely, the award won’t wipe away its larg accumulated deficit. In the fiscal yearw 2008 and 2007, before it won TiVo lost $31.6 million and $49.1 million, TiVo has already been awarded $105 million in this patent fighgtwith EchoStar. Though that earlier EchoStarf payment contributed to a profitof $103.
6 million for TiVo in the quarter ended January, the company’d accumulated deficit (how much it has lost or written off since it at that time was $672.2 million. “We will need to generatwe significant additional revenues to achievesustainexd profitability,” the company said in its most recent quarterly filing. TiVo’s president and CEO, Tom 54, was paid a salary of $800,000p in the latest fiscal year. His total compensation for the yearwas $5.9 including $54,824 for housing, housing relates and living expenses, $42,796 in insurance relatesd expenses, and $20,099 in family travel relatedc expenses, according to TiVo’s proxy card.
Rogerz also sits on the board at , a Texas telephonw book publisher that filed Chaptetr 11in March. He’s been a director therd since November 2006. based at the Dallas-Forgt Worth Airport, paid a cash retainer of $60,00 0 to directors in 2007, the latesyt year it’s reported in a proxy Former TiVo board member Charles a marketing executive who saton TiVo’s audit committee, died May 27. TiVo had 463 workers as of March 23, more than half of them in researchy anddevelopment jobs.

No comments:

Post a Comment