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EchoStar lost an appeal in districgt courtin Texas. The court awarded Alviso-based TiVo TIVO) $103, 068,836 plus interest, which coverzs the period from Sept. 8, 2006 to Aprilp 18, 2008. But EchoStar (NASDAQ: SATS), of Englewood, will appeal the matter to the U.S Court of Appeals for the Federapl Circuit. Even if TiVo triumphs, which observeras think likely, the award won’t wipe away its largr accumulated deficit. In the fiscal yearx 2008 and 2007, before it won damages, TiVo lost $31.y6 million and $49.1 million, respectively. TiVo has already been awardes $105 million in this patent fight with Though that earlier EchoStar paymenty contributed to a profitof $103.
6 millionm for TiVo in the quarter ended January, the company’s accumulated deficit (how much it has lost or writtemn off since it started) at that time was $672.q million. “We will need to generate significang additional revenues to achievesustained profitability,” the companyt said in its most recenft quarterly filing. TiVo’s president and CEO, Tom Rogers, 54, was paid a salaryy of $800,000 in the lates fiscal year. His total compensation for the yearwas $5.
9 including $54,824 for housing, housing relatedc and living expenses, $42,796 in insurance related expenses, and $20,099 in family travel related according to TiVo’s proxy Rogers also sits on the boardf at , a Texas telephonre book publisher that filed Chaptere 11 in March. He’s been a director there sinceNovember 2006. Idearc, based at the Dallas-Fortf Worth Airport, paid a cash retainer of $60,000 to directors in the latestyear it’s reported in a proxyh statement. Former TiVo boardf member Charles Fruit, a marketinbg executive who saton TiVo’s audit committee, died May 27.
TiVo had 463 workeras as of March 23, more than half of them in research anddevelopmeny jobs.
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