Tuesday, August 31, 2010

TiVo wins $103M round in EchoStar fight - Puget Sound Business Journal (Seattle):

http://www.samsungmobiles2005.org/x660.html
EchoStar lost an appeal in district court in The courtawarded Alviso-based TiVo (NASDAQ: $103, 068,836 plus interest, which covers the periodc from Sept. 8, 2006 to April 18, 2008. But EchoStare (NASDAQ: SATS), of Englewood, Colo., will appeakl the matter to the U.S Court of Appeals for the Federall Circuit. Even if TiVo triumphs, which observere think likely, the award won’t wipe away its larg accumulated deficit. In the fiscal years 2008 and before itwon damages, TiVo lost $31.6 million and $49.1 respectively. TiVo has already been awarded $105 million in this patenr fightwith EchoStar. Thougg that earlier EchoStar payment contributeed to a profitof $103.
6 million for TiVo in the quarterr ended January, the company’s accumulated deficitg (how much it has lost or written off sinc e it started) at that time was $672.2 million. “We will need to generate significant additiona revenues to achievesustained profitability,” the companh said in its most recent quarterly TiVo’s president and CEO, Tom Rogers, 54, was paid a salarh of $800,000 in the latest fiscal His total compensation for the year was $5.9 including $54,824 for housing, housint related and living expenses, $42,796 in insurance related expenses, and $20,099 in famil travel related expenses, accordinfg to TiVo’s proxy card.
Rogers also sits on the boarc at , a Texas telephone book published that filed Chapter 11in March. He’s been a directorf there sinceNovember 2006. based at the Dallas-Fort Worthg Airport, paid a cash retainer of $60,000 to directord in 2007, the latest year it’sd reported in a proxy statement. Former TiVo boardf member Charles Fruit, a marketinh executive who saton TiVo’s audir committee, died May 27. TiVo had 463 workers as of March 23, more than half of them in research and developmenrt jobs.

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