Shares of TiVo Inc. fell nearly 7 percent in after-hours trading Tuesday when the digital video recording provider said an appellate court had given EchoStar Communications Corp. a reprieve in the pair’s ongoing patent battle.
The U.S. Court of Appeals for the Federal Circuit granted EchoStar’s request for a stay on an injunction that would have banned the satellite TV provider from making or selling DVR products in the United States, TiVo said. As a result, the ban, which also would have forced EchoStar to disable machines already found in customers’ homes, will be postponed, pending the outcome of EchoStar’s appeal.
