Friday, April 26, 2013

TiVo Shares Jump After Trial Date Set With Motorola Mobility

<p>TiVo Inc. (TIVO), the company thatpopularized digital video recorders, rose 2.1 percent after ajudge set a trial date in a case against Motorola Mobility.</p><p>TiVo, based in Alviso, California, advanced to $11.55 atthe close of trading in New York. The shares have declined 6.2percent this year.</p><p>U.S. District Judge Rodney Gilstrap denied a motion by TiVoto reschedule the patent trial, now set for June 10, accordingto a posted ruling. The shares rose as investors welcomed theearlier trial date and possible resolution, Alan Gould, ananalyst with Evercore Partners, said in an e-mail.</p><p>TiVo had sought a delay until August. Its lead triallawyer, Morgan Chu, is scheduled for an unrelated trial inNevada in June, and its expert witness on damages is scheduledfor a June trial in a drug case in New Jersey, TiVo said in anApril 17 filing with the court. Motorola Mobility, in an April24 filing, said it was ready to begin and had conflicts duringthe time requested by TiVo.</p><p><a href="http://www.bloomberg.com/news/2013-04-26/tivo-shares-jump-after-trial-date-set-with-motorola-mobility-1-.html">Keep reading...</a></p>

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