Struggling TiVo Files Lawsuits, Posts Loss

TiVo has long been pursuing reparations from companies whom it accuses of stealing its popular television technology that allows its users to pause, rewind, and fast-forward, but it has now decided to sue AT&T and Verizon over the matter. As it pursues the legal battle, TiVo has also posted a second-quarter loss that was narrower than expected.
 
According to TiVo, the company would have preferred to work out some sort of licensing deal before it went ahead with any sort of legal action, the latest move coming after TiVo apparently could not wait any longer. Analysts expect TiVo to use the lawsuit to encourage any other television companies using their technology illegally to pursue a licensing deal with TiVo.
 
TiVo’s second quarter brought a net loss of $2.9 million, or 3 cents per share, compared to a profit of the same amount this time last year. The company has suffered from a loss of revenue, which fell 12 percent to $57.4 million, but TiVo has stated that the results came as a pleasant surprise considering the strength of the recession.

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