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

  • SHARES

By Andrew Gauthier Comment

TiVo LogoFrom 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…