TiVo Shares Drop 40% on Court Ruling

Includes: DISH, SATS, TIVO
by: Wall St. Cheat Sheet

TiVo (Nasdaq: TIVO) lost over 40% of its value after a U.S. Court of Appeals vacated an earlier ruling in a patent case. Now, Dish Network Corp. (Nasdaq: DISH) and EchoStar Corp. (Nasdaq: SATS) are allowed to have their case heard again. The action in TIVO over the past few months is exactly what it looks like to gamble on the legal system:

Click to enlarge

Disclosure: No position