Shares of TiVo Inc. raced ahead after the U.S. Patent and Trademark Office backed the validity of its patent on technology that allows viewers to rewind, pause or fast-forward live TV. TiVo said the patent office reaffirmed the validity of the “time warp” patent after EchoStar Corp. asked for a reexamination. TiVo said the decision is “final and not appealable by EchoStar.”
“Today’s decision further validates our (intellectual property) and brings us closer to ending EchoStar’s ongoing infringement,” TiVo said in a statement.
TiVo has been in lengthy legal battles over the technology with EchoStar.