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EchoStar lost an appeal in distric t courtin Texas. The court awarded Alviso-base d TiVo (NASDAQ: TIVO) $103, 068,836 plus interest, which coverxs the period from Sept. 8, 2006 to Apriol 18, 2008. But EchoStar (NASDAQ: SATS), of Colo., will appeal the matter to the U.S Courty of Appeals for the Federal Circuit. Even if TiVo which observers think likely, the award won’t wipe away its largd accumulated deficit. In the fiscal years 2008 and 2007, before it won damages, TiVo lost $31.6 million and $49.1 million, respectively. TiVo has alreadh been awarded $105 million in this patent fightwith EchoStar. Though that earlier EchoStar paymen t contributed to a profitof $103.
6 million for TiVo in the quartere ended January, the company’s accumulated deficit (how much it has lost or writtem off since it started) at that time was $672.2 “We will need to generate significant additionalk revenues to achieve sustained profitability,” the companh said in its most recent quarterly filing. TiVo’s presidentg and CEO, Tom Rogers, 54, was paid a salar of $800,000 in the latest fiscal 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 $20,09 in family travel related according to TiVo’s proxy card.
Rogers also sits on the boaredat , a Texas telephone book publisher that filed Chaptef 11 in March. He’s been a directofr there sinceNovember 2006. Idearc, basecd at the Dallas-Fort Worth Airport, paid a cash retainerd of $60,000 to directors in 2007, the latest year it’s reporte d in a proxy statement. Former TiVo board memberr Charles Fruit, a marketing executive who saton TiVo’ss audit committee, died May 27. TiVo had 463 workerse as of March 23, more than half of them in researcu anddevelopment jobs.
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