With legal action still pending to collect a second payment of over $100 million from Dish/Echostar, TiVo is now suing both major telco cable competitors. TiVo claims both AT&T’s U-Verse and Verizon’s FiOS are violating three of its patents related to DVRs.
In the latest development in the Dish/EchoStar litigation, the US Patent Office refused to halt a re-examination of one of the TiVo patents. That re-examination was requested by Dish/EchoStar in an attempt to void the patent.
Meanwhile, TiVo reported that its Q2 revenues fell 12% to $57.4 million. The company posted a net loss of $2.9 million, or three cents a share, compared to net earnings of $2.9 million, or three cents a share, a year earlier. Still, the results were better than Wall Street had expected.
RBR/TVBR observation: No comment yet from the telcos, but TiVo has been very successful in enforcing its patent claims and is collecting royalties from most of the major players.