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Tivo Says It's Owed Billions From Google Over Patents

Discussion in 'Off-Topic Discussion' started by CatfishRivers, Oct 17, 2012.

  1. CatfishRivers

    CatfishRivers Well-Known Member

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    TiVo Says It (click for article)

    By Susan Decker - Oct 16, 2012 3:06 PM ET

    "TiVo Inc. said it may be entitled to billions of dollars in damages should it win its patent- infringement lawsuit against Google Inc. (GOOG)'s Motorola Mobility unit over digital-video recording technology.

    "Motorola's massive production of infringing DVRs dwarfs the numbers of accused products at issue in TiVo's previous cases," TiVo said in a filing yesterday in federal court in Marshall, Texas. "TiVo's damages claim is likely to run into the billions of dollars."

    TiVo disclosed the figure in a request to consolidate the case against Motorola Mobility with one involving Cisco Systems Inc. (CSCO) to address pre-trial issues, saying it would speed the process and conserve resources. The companies make set-top boxes for Time Warner Cable Inc. (TWC), which is a defendant in both cases. TiVo said it also will seek an order to force Motorola Mobility to stop selling products that infringe TiVo patents."
     
    Last edited: Oct 17, 2012
  2. CatfishRivers

    CatfishRivers Well-Known Member

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    Hmmm.... This will make it extremely difficult for Google to sell Motorola Mobility (they have been shopping it around) - until they come to a settlement with Tivo first.
     
  3. ChrisG8

    ChrisG8 Well-Known Member

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    Obviously very bad news for Google but maybe Motorola used Motorola patents and TiVo won't win this time. TiVo has won several of these cases already so they clearly know how to proceed from this point forward, Dish, Verizon, AT&T, and a couple other DVR makers have settled for huge sums. If this turns out bad for Google and the Apple vs. Android cases continue to go poorly, I don't know what happens to the company.
     
  4. CatfishRivers

    CatfishRivers Well-Known Member

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    Well I truly expect Google to survive - however there was another bit of bad news that came out today:

    Google earnings out early by mistake, fall short of projections - Market Day (click for full article)


    By NBC News staff and wire reports

    Updated at 2 p.m. ET: It was the "oops" heard round the world. Google blamed an error by the financial printer that handles its quarterly earnings for an early release of the report that fell short of Wall Street expectations and slammed Google shares Thursday.

    In a statement Google said its printer RR Donnelly had released a draft of the Internet giant's third quarter financial results without authorization and well before the scheduled release time after the market close.

    "Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorization. We have ceased trading on NASDAQ while we work to finalize the document. Once it's finalized we will release our earnings, resume trading on NASDAQ and hold our earnings call as normal at 1:30 PM PT," the company said.


    Shares of Google (GOOG) tumbled more than 9 percent after the mistakenly released earnings showed net revenue of $11.33 billion, versus market expectations of $11.86 billion. At last check Google shares were off $68.10 at $687.39, representing a loss of nearly $18 billion in market capitalization."
     
    Last edited: Oct 18, 2012

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