Dish May Have To Shut Down 8M DVRs

[David Farber <dave () farber net>]

Begin forwarded message:

From: <davemack () UDel Edu>
Date: March 8, 2010 11:03:04 AM EST
To: dave () farber net
Subject: Dish May Have To Shut Down 8M DVRs


Analyst: Dish May Have To Shut Down 8M DVRs After TiVo Legal Loss

Satellite TV Operator May Lose Ability to Offer DVR, Says Sanford Bernstein's Moffett

Todd Spangler -- Multichannel News, 3/4/2010 1:57:26 PM

Dish Network may be forced to disable as many as 8 million of its DVRs within a month, after the satellite TV operator 
lost an appeals court decision Thursday in its years-long battle with TiVo. Moreover, Dish could even lose the ability 
to offer a DVR altogether, according to Sanford Bernstein analyst Craig Moffett.
The U.S. Court of Appeals for the Federal Circuit upheld a lower court's contempt ruling against Dish and EchoStar, 
under which the companies would pay at least $300 million to TiVo. 
Following the announcement of the ruling shortly before 12 noon (ET), TiVo's stock price soared more than 50% to around 
$15.82 per share while Dish shares dropped 6%, to around $20.41 per share.

snip

http://www.multichannel.com/article/449679-Analyst_Dish_May_Have_To_Shut_Down_8M_DVRs_After_TiVo_Legal_Loss.php



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