Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of digital video recorder company TiVo (Nasdaq: TIVO ) dropped more than 14% today.
So what: The company was back in court today trying to defend its patent on the DVR technology known as "multimedia time warping system," which allows the recording of one show while watching a second. TiVo has been engaged in patent infringement lawsuits against EchoStar (Nasdaq: SATS ) and Dish Network (Nasdaq: DISH ) for years.
Now what: The company is scheduled to report Q3 earnings later this month, but news related to these legal proceedings may have a bigger impact on stock performance, as the ultimate outcome of the lawsuit affects TiVo's ability to monetize its DVR patents.
Interested in more info on TiVo? Add it to your watchlist by clicking here.