Do not count your chickens (or lawsuit settlements) before they are hatched. That would seem to be the lesson to TiVo (Nasdaq:TIVO) shareholders from a surprising court decision on Friday, May 11. Due to a federal appellate court's decision to re-review the company's case against Dish Network (Nasdaq:DISH), the stock lost almost half of its value in a single day.
What a Long Strange Trip It Has BeenTiVo is largely credited for the development of digital video recorders (DVR), one of the more popular add-ons for most dedicated TV-watchers. While TiVo sells its services directly, they also partner with companies like DIRECTV (NYSE:DTV) and Comcast (Nasdaq:CMSCA) to sell these services.
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