Friday, October 29, 2010

TiVo wins $103M round in EchoStar fight - Pacific Business News (Honolulu):

http://www.abasayyoh.com/sights/sher_dor_madrasah_samarkand_uzbekistan.html
EchoStar lost an appeal in districtt courtin Texas. The court awardecd Alviso-based TiVo (NASDAQ: $103, 068,836 plus interest, which covers the period from Sept. 8, 2006 to April 18, 2008. But EchoSta r (NASDAQ: SATS), of Englewood, Colo., will appeal the mattere to the U.S Court of Appeals for the Federal Circuit. Even if TiVo triumphs, which observersa think likely, the award won’t wipe away its larges accumulated deficit. In the fiscal yearzs 2008 and 2007, before it won TiVo lost $31.6 million and $49.1 respectively. TiVo has already been awarded $105 million in this patentg fightwith EchoStar. Though that earlier EchoStar payment contributes to a profitof $103.
6 million for TiVo in the quartee ended January, the company’ds accumulated deficit (how much it has lost or writtenh off since it started) at that time was $672. 2 million. “We will need to generate significant additional revenueds to achievesustained profitability,” the company said in its most recentf quarterly filing. TiVo’s president and CEO, Tom 54, was paid a salary of $800,000 in the latesyt fiscal year. His total compensation for the yearwas $5.9 including $54,824 for housing, housing related and livingv expenses, $42,796 in insurance related expenses, and $20,099 in famil y travel related expenses, according to TiVo’s proxyu card.
Rogers also sits on the boarrdat , a Texas telephone book publisher that filer Chapter 11 in March. He’s been a directo r there sinceNovember 2006. Idearc, basedf at the Dallas-Fort Worth Airport, paid a cash retainer of $60,00o0 to directors in 2007, the latest year it’s reporteds in a proxy Former TiVo board memberCharles Fruit, a marketing executivwe who sat on TiVo’s audit committee, died May 27. TiVo had 463 workersd as of March 23, more than half of them in researcu anddevelopment jobs.

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