TiVo CEO forsees legal win over Dish Network
Tom Rogers predicts cash windfall after court decisionNEW YORK -- TiVo CEO Tom Rogers is confident that the DVR pioneer will prevail in its long-running litigation with Dish Network/Echostar, which heads back to court in November.
"We look at the Dish litigation as something we are going to win," he told the Goldman Sachs Communacopia conference here.
And he predicted that will mean another cash windfall, although he didn't provide detailed forecasts.
The United States Court of Appeals for the Federal Circuit will take up the litigation en banc with an oral argument set for Nov. 9. In the legal case, TiVo has argued that Dish uses DVRs that infringe on its patents.
Rogers told conference attendees that he expects a decision by March-April, and his team's confidence has been growing in the runup to the argument date.
Even TiVo's stock has bounced back, he argued.
In May when the court decided that it would rehear the case and that all its judges would take part, TiVo shares fell as the news rattled the confidence of investors after previous TiVo wins in the case.
By last week though, Rogers said he noticed that his company's shares have made a comeback. TiVo's stock closed at $9.11 on 9/11, which made him think that "God is back in the stock," he told the Wall Street crowd.
Dish and Echostar weren't immediately available for comment.