I was surprised that I couldn't find a thread on TIVO here, but have had it on my watch list for a while having missed the last run.
TIVO just broke out of a large symmetric triangle on very solid volume today, after news was released today that their lawsuit against Echostar, who make DVRs for the DISH network, was successful, ordering Echostar to stop making infringing DVRs and pay $74m:
http://biz.yahoo.com/prnews/060818/sff024.html?.v=61 (http://biz.yahoo.com/prnews/060818/sff024.html?.v=61)
It gapped up big this morning and has subsequently pulled back quite a bit, but looks ripe for entry, and hopefully this should provide for some strong momentum in the near term.
Technically, the sym triangle gives a target of between $9.50 and $10. Short term I would like to see it get back above 7.40. The 6.75 level should provide reasonable support and I will take a move below this as a stop level. I'm in at 6.95.
This is indeed in breakout mode, nice volume.
In at $7.04........curious how the two will end up settling (royalities etc) and for how much and WHO else for that matter.......
Talk about having echostar by the balll$.............LOL
Reasonable close in the end - glad it held above $7. Let's see what next week brings...
Worth keeping an eye on this one - earnings are out on 30th August:
http://biz.yahoo.com/prnews/060818/sff001.html?.v=56
Not sure whether lawsuit payment will be included in earnings, but if they are it should make for some nice numbers. Have been pretty burned this earnings season (held MOVI over earnings - ugh!!!) so not sure if I will hang on to this one, will see how things go next week.
TIVO looks good, I think it's safer than MOVI ;)
....and Ibotez thought I'm nuts for picking (short) MOVI, I hope he/she gets out before the earnings has released.
http://www.3stocksonfire.org/trading/index.php?topic=5935.0
TIVO Bouncing off from 2 years trendline & price above moving averages (weekly scale) ;) :D
Ohhhh.. we got white candle looks like a brekaway gap now. IMO ;)
Yep, nice little intraday break of an ascending triangle, and she looks to be running - will be interesting to see whether it falls back at 7.38-7.40 level. (Edit, just got beat down at 7.39) AT target measures to 7.74.
This will holding, any news and its off and running. Hopefully we'll get some soon.........
Nice move for TIVO today on the news that they are partnering with Cox Communications to rollout TIVO services to their subscribers in 2007 - I believe this is the second such announcement released recently (the other was with BellSouth).
TIVO gapped to 7.44 and then rallied all the way up to 7.80. Has been pulling back since, but I am looking for 7.40 resistance to now become support.
Earnings are next wednesday, so am looking to sell before then.
Strong move into the close for TIVO - 7.40 support held and we had a late day rally up to 7.68. Volume picked up again today , nothing like the 20m day at the end of last week, but bodes well. Looking for continuation of strength tomorrow, and possible news about their petition to uphold injunction against DISH. Today's high = 7.80 = next resistance. Let's see if she can crack it!!!
Nice, good close ;)
Nice move for TIVO today again, got right above the recent high of 7.80, but I sold just now at 7.77, on the break of that 7.80 support - bit of a desending triangle on the intraday and it could also turn into a spinning top on the daily. I am away next week, so I'll take my 11% gain and move on for now. Could be a downside fake-out, but I'm happy with it for now.
Might well be worth a look-in after earnings next wednesday.
Will leave a chart (and the intraday for reference).
TIVO reported after the bell last night and while they reported a loss of $6.45M or .07/sh, this was much less than the .14c/sh analysts were expecting. AP and all the other newswires put out headlines like "TiVo Loss Balloons on Legal Costs", however those legal costs will be recouped and more from their Echostar trial win.
Haighlights can be read here:
http://biz.yahoo.com/ap/060830/earns_tivo.html?.v=6
I was concerned that TIVO would get killed on earnings but it looks pretty strong today, and
I think it has a strong chance of breakoing $8 So I'm back into my position - more than happy to pay a little bit extra to take my shares out over earnings.
TIVO has continued to act well in recent days, holding above 7.80 support and building what looks to be a sharp ascending channel. However, after the close today we got news that they will issue an offering of 8.26M shares. No details were supplied about the date or the offer price.
http://biz.yahoo.com/prnews/060905/sftu107.html?.v=67
So far the share price has held up okay, only losing 4% from close to about 7.87 AH. However, I really don't like unexpected dilution like this, and expect TIVO to take a short term hit. I may sell first thing and look to re-enter around 7.40, as overall I am still bullish on TIVO.
BUSINESS SUMMARY
TiVo, Inc., through its subsidiaries, provides technology and services for digital video recorders (DVRs). The company offers a subscription-based television service that enables consumers to record, watch, and control television. This service also offers the television industry a platform for advertisers, content delivery, and audience research. It distributes the TiVo service through agreements with television service providers; consumer electronics retailers; and Web site, Web forums, email, and telephone support. As of January 31, 2006, the company had approximately 4.4 million subscriptions to the TiVo service. TiVo was co-founded by Michael Ramsay and Jim Barton in 1997. The company is headquartered in Alviso, California
I see terlisio you are eying more shorts as of late... Did you change your outlook on the market? Think its time for a fall... BTW I like your TIVO short.
Not yet confirmed but I think the market pullback is near Nullzero ;) .... IMHO
most of my stocks are down today...except my shorts, they're all up! >:(
shorted more today
Breaking down on news? :o
What do you see as a target on this short?
Hasn't been this low since early march? New to shorting and I dont really know how to determine a target...but it's still going down so that's good. ::)
TIVO still consolidating below 5.50... I don't think TIVO will last long at this level...
---- $3.00 still in play in decending triangle (bearish formation)
well crumbs... that shure started a downtrend in TIVO. However, i tlooks like TIVO coulod be ready for a breakout here - resistance between 6.50 and 6.60, with a nice ascending trendling in support. Looks like one to watch....
"TIVO" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;) ;D
TIVO running hog wild in the after hours....
Dish ordered to pay TiVo $103 mln plus interest
Court orders Dish Network to pay $103 million to TiVo in patent infringement case
The Associated Press
On Tuesday June 2, 2009, 6:57 pm EDT
A federal court on Tuesday ordered Dish Network Corp. to pay TiVo Inc. $103 million plus interest in damages for using a modified digital video recorder technology that it found to be in violation of TiVo's patent.
U.S. District Court Judge David Folsom, of the Eastern District of Texas, found Dish, formerly EchoStar, to be in contempt of a permanent injunction on TiVo's DVR Time Warp technology, which lets viewers pause, rewind and fast-forward live shows.
Dish had lost a 2004 patent infringement case brought by TiVo, and while the case was on appeal it designed a modified software that it downloaded to customers' DVRs. But TiVo said the workaround software still infringed on its patent and asked the court for a permanent injunction. Judge Folsom agreed with TiVo and awarded it damages.
"The harm caused to TiVo by EchoStar's contempt is substantial," he wrote. "EchoStar has gained millions of customers since this court's injunction was issued, customers that are now potentially unreachable by TiVo."
Shares of TiVo rose $2.53, or 36 percent, to $9.51 in after-hours trading. Dish fell $1.19, or 6.9 percent, to $16.05 after hours.
Dish said in a statement that it intends to appeal the decision.
"Our engineers spent close to a year designing-around Tivo's patent and removed the very features that Tivo said infringed at trial," the satellite TV provider said.
Dish spun off EchoStar Corp., which sells set-top boxes and provides satellite television services, in January.
market pulse
Jun 2, 2009, 6:38 p.m. EST
TiVo gets court backing in Echostar patent dispute
SAN FRANCISCO (MarketWatch) -- TiVo Inc. (TIVO 9.53, +2.55, +36.53%) said late Tuesday that a federal court rejected a patent workaround by Echostar Corp. (SATS 16.38, +0.01, +0.06%) , finding EchoStar in contempt and ordering the enforcement of a permanent injunction. Shares of TiVo jumped 38.3% to $9.65 in after-hours activity. TiVo also said the U.S. District Court for the Eastern District of Texas awarded an additional $103 million to TiVo. DISH Network Corp.(DISH 16.17, -1.07, -6.21%) and EchoStar said they were disappointed in the decision and said that DISH will file an appeal.
UPDATE 1-Court awards Tivo $190 mln in EchoStar patent case
Tue Jun 2, 2009 6:41pm EDT
* EchoStar ordered to disable DVR in infringing boxes
* EchoStar found in contempt of court injunction
LOS ANGELES, June 2 (Reuters) - A federal judge in Texas awarded set-top box maker TiVo Inc (TIVO.O) about $190 million in damages on Tuesday in a long-running patent infringement dispute with DISH Network Corp (DISH.O) and EchoStar Corp (SATS.O).
U.S. District Judge David Folsom also ordered EchoStar to disable an infringing function on all but about 193,000 digital video recorders placed with subscribers.
Folson also found that EchoStar violated an injunction he put in place after a Texas jury found the company infringed TiVo's patent with several digital video recorder models by implementing new "workaround" technology that TiVo claimed still infringed.
The court set a June 26 hearing on potential sanctions against EchoStar.
In his final order, Folsom ruled that TiVo should recover from EchoStar $73.9 million plus $15.7 million in interest on the patent infringement claims, plus $103.1 million in damages plus interest accrued during the stay of the injunction.
EchoStar also was ordered to inform the court before it attempts to implement another "design-around" of the patent it infringed.
In a statement, TiVo said it was "extremely gratified by the Court's well reasoned and thorough decision, in which it rejected EchoStar's attempted workaround claim regarding the TiVo patent, found EchoStar to be in contempt of court and ordered the permanent injunction fully enforced."
DISH and EchoStar will appeal the court's decision and file a motion to stay the order with a federal appeals court, the companies said in a statement.
DISH was formerly known as EchoStar Communications Corp. It spun off its technology assets over a year ago, including its set-top box division, to create EchoStar Corp.
JUNE 3, 2009.Court Sides with TiVo in Patent Case Against EchoStar
A federal court has awarded TiVoInc. an additional $103 million as part of a major ruling in a long-running legal patent spat with EchoStar Communications Corp., now part of Dish NetworkCorp.
TiVo shares shot up 38% after-hours.
The court rejected EchoStar's attempted workaround claim regarding its patent, found EchoStar to be in contempt of court and ordered that an earlier permanent injunction EchoStar had lifted fully enforced. The court also awarded TiVo $103 million, which is in addition to the $105 million EchoStar has already paid TiVo, plus interest, through April 2008.
With the latest twist, it appears EchoStar has run out of legal options, and now must begin negotiating a licensing deal with TiVo for its technology, said David Miller, a Caris & Co. analyst. Miller estimates that four million of Dish's 13.6 million subscribers are DVR subscribers.
While EchoStar said it intends to appeal, Miller believes it'll have very little success. "The judge has made it clear there is likely not going to be another grant" in the company's favor, he said. "This ruling is exactly what we've been looking for."
TiVo Chief Executive Tom Rogers called the court's move "a really gratifying decision, given how much delay Echostar has thrown in. No doubt this substantially increases the perception of the value of our intellectual property."
In addition to saying it would appeal the ruling, EchoStar said it would ask the court to delay its enforcement. It has told the court an adverse ruling means it may be unable to provide DVR service, and would risk "losing a significant portion of its existing or potential customers."
"Our engineers spent close to a year designing-around TiVo's patent and removed the very features that TiVo said infringed at trial," the company said.
It added that Dish customers with digital recording devices wouldn't immediately be affected by the ruling.
TiVo, which makes DVRs that allow viewers to pause, rewind, instantly replay or play back any live broadcast by recording it onto a hard drive, has been involved in long-running litigation as it struggles to keep its competitive advantage in the rapidly changing TV set-top market.
UPDATE 1-AFTER THE BELL-TiVo shares jump more than 30 pct
Tue Jun 2, 2009 6:21pm EDT
NEW YORK, June 2 (Reuters) - Shares of digital video recorder maker TiVo Inc (TIVO.O) jumped more than 30 percent after the close on Tuesday.
A U.S. court ruled in favor of TiVo in its patent dispute with EchoStar (SATS.O).
TiVo shares were up at $9.16 after closing on the Nasdaq at $6.98.
5:58PM TiVo statement on U.S District Court for the eastern district of Texas decision (TIVO) 6.98 -0.02 : Co offered the following statement today regarding the decision by the United States District Court, Eastern District of Texas, in the lawsuit against EchoStar Communications Corporation: "We are extremely gratified by the Court's well reasoned and thorough decision, in which it rejected EchoStar's attempted workaround claim regarding the TiVo patent, found EchoStar to be in contempt of court and ordered the permanent injunction fully enforced. In addition, the Court's award of an additional $103 mln plus interest through April 2008 makes this victory all the more important. EchoStar may attempt to further delay this case but we are very pleased the Court has made it clear that there are major ramifications for continued infringement."
Anyone been TIVOing ?
Up to top resistance...take some profits or all !
Day's Range: 10.52 - 11.18
52wk Range: 7.06 - 12.65
Volume: 4,553,774
Avg Vol (3m): 3,164,520
Market Cap: 1.31B
P/E (ttm): 20.07
EPS (ttm): 0.54
Div & Yield: N/A (N/A)
Technicals
Percentage Gainer
Last Price Quote is:
13.54%above 13-day EMA
16.68%above 50-day EMA
RS Rating: 89
Thanks for sharing