TiVo Rises After Winning Key U.S. Patent Ruling Against Comcast
- Comcast set-top boxes infringe Rovi patents, trade agency says
- ITC ruling gives TiVo an edge in licensing negotiations
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TiVo Corp. rose after it won a key patent-infringement case against Comcast Corp. that could give the digital-recording pioneer a legal advantage in a prolonged royalty fight over the recording technology.
TiVo rose 7.9 percent to $19.05 at 10:37 a.m. in New York trading Wednesday after rising as much as 10 percent.