If you thought last year's My Tivo Gets Me ads were only a plea for couch potatoes, think again. The DVR pioneer seems successful in making sure that analysts get it, too.
Friedman Billings Ramsey upgraded its rating on TiVo
The firm feels that Dish Network
Their legal tussle involves Dish's supposed infringements on TiVo's patented Time Warp digital video recorder technology, a basic time-shifting feature in DVRs. Dish Network has been defeated in every ruling on the issue, but it's been reluctant to pay up.
Facing the real threat that its DVR satellite receivers could become costly paperweights, Dish Network will eventually have to get serious about playing nice with TiVo. Beyond tens of millions in infringement damages, TiVo may also be able to parlay a settlement into an additionally lucrative licensing deal.
Cable provider Comcast
The metamorphosis would certainly come as a relief to investors who endured the weak financials TiVo posted during its days of subsidizing hardware purchases to grow its company-owned base of users. The company's income statements are now improving -- at the expense of slower growth.
It's easy to cheer on a settlement that will solidify TiVo's pioneering role. When you couple that with digital delivery deals to serve up movies from Amazon.com
If even bearish analysts are starting to warm to TiVo, perhaps a double-digit share price will finally become a reality.
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