TiVo, Inc. (TIVO) trading halted with news pending

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Janney Montgomery Scott Downgrades TiVo (TIVO) to Neutral

June 7, 2013 10:36 AM EDT

Janney Montgomery Scott downgraded TiVo (NASDAQ: TIVO) from Buy to Neutral with a price target of $14.25 after the company announced a settlement with GOOG, CSCO, and TWC for a combined upfront payment of $490 million.

"This number is at the low end of what we had been expecting, which we believe was lower than others on the sell side," analyst Tony Wible said.

He noted:

Positives - This settlement eliminates binary event risk and future legal cost. We estimate TIVO was paying... More

Barclays Downgrades TiVo (TIVO) to Equalweight

June 7, 2013 9:57 AM EDT

Barclays downgraded TiVo (NASDAQ: TIVO) from Overweight to Equalweight.

For an analyst ratings summary and ratings history on TiVo click here. For more ratings news on TiVo click here.

Shares of TiVo closed at $13.71 yesterday, with a 52 week range of $7.75-$14.10.... More

TiVo (TIVO) Reusmes, Dives Lower Following Settlement

June 7, 2013 8:23 AM EDT

TiVo, Inc. (NASDAQ: TIVO) resumes trading, shares are down early after closing 8.3 percent higher Thursday.... More

TiVo (TIVO) Enters Settlement with Google, Others; Expands Buyback

June 7, 2013 8:01 AM EDT

TiVo, Inc. (NASDAQ: TIVO) has settled its pending patent litigation with Motorola (now owned by Google (Nasdaq: GOOG) and Arris), Cisco (Nasdaq: CSCO) and Time Warner Cable (NYSE: TWC) and that TiVo has agreed to enter into certain patent licensing arrangements with Arris, Cisco, and Google. As part of the settlement, Google and Cisco will pay TiVo an upfront lump-sum payment of $490 million, bringing the total from awards and settlements related to the use of certain TiVo intellectual... More