TiVo Shares Decline After News of Cablevision Ruling, Decision May Lead to Debate on TiVo Patent

From the Associated Press…
TiVo Inc. shares dipped Monday after the Supreme Court refused to hear arguments on whether a new digital video recorder system from Cablevision Systems Corp. violates copyright law — which an analyst noted could hurt or help the digital video recording pioneer.

In a client note, Janney Montgomery Scott analyst Tony Wible said the court’s decision not to hear arguments could be a negative for TiVo by leading to a new debate over the company’s patent. Since TiVo has said its patent doesn’t state where the DVR’s hard drive is located, a cable provider using networked DVRs “would still potentially be in violation of the TiVo patent,” he said. More…