TiVo (TIVO) May or May Not Have Reached a Settlement with Motorola
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Shares of TiVo, Inc. (NASDAQ: TIVO) spiked higher late Thursday on reports a settlement has been reached in the Google (NASDAQ: GOOG) Motorola Mobility patent infringement case. Details were light, and Bloomberg cited a clerk in the judge's chambers as the source of the settlement confirmation.
TiVo, for it's part is not talking. TiVo's VP of Corporate Communications, Steve Wymer, told StreetInsider.com "We have no comment on this issue." That said, he did confirm that if/when a settlement is reached the company would issue a statement in short order. At the time of publishing no such statement has been released.
If a settlement was in fact reached some see it worth as much as $1 billion to TiVo.
Shares of TiVo rose 8.3% to $13.71 mid-day and continued 2% higher in after-hours trade.
TiVo, for it's part is not talking. TiVo's VP of Corporate Communications, Steve Wymer, told StreetInsider.com "We have no comment on this issue." That said, he did confirm that if/when a settlement is reached the company would issue a statement in short order. At the time of publishing no such statement has been released.
If a settlement was in fact reached some see it worth as much as $1 billion to TiVo.
Shares of TiVo rose 8.3% to $13.71 mid-day and continued 2% higher in after-hours trade.
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