TiVo has recently gotten two of their claims struck down by the PTO during reexamination. The rejection was made on obviousness grounds. Most importantly, the two claims struck down were the two claims that the jury in 2006 found that Dish infringed. Although TiVo can now file a continuation, this is still a blow to TiVo, as two of the most important claims for the case for infringement against Dish Network are now in doubt.
TiVo's stock dropped from $7.74 per share to $7.22 per share at the closing bell, a drop of 6.7% during Wednesday trading. As mentioned before, the enormous value of IP cannot be more apparent than here, where reexamination proceedings can cause such dramatic fluctuations in the stock price. We will continue to monitor any further developments in the case.
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