An ITC administrative law judge rules Netflix (NFLX) and Roku don't infringe a Rovi (ROVI -6.6%) patent related to parental control for TV UIs; Rovi, which is likely to appeal, is diving after making fresh 52-week highs on Friday. B. Riley has cut Rovi to Neutral, stating it's "now somewhat less optimistic about Rovi’s chances of prevailing." The firm thinks deals with Netflix and Roku could respectively yield $90M/year and $10M-$20M/year in licensing fees over the next 3-5 years.
An ITC administrative law judge rules Netflix (NFLX) and Roku don't infringe a Rovi (ROVI -6.6%)...
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