Danby DPAC9030
EchoStar lost an appeal in districtf courtin Texas. The courf awarded Alviso-based TiVo (NASDAQ: $103, 068,836 plus interest, whicu covers the period from Sept. 8, 2006 to Aprio 18, 2008. But EchoStar SATS), of Englewood, Colo., will appeal the matte to the U.S Court of Appeals for the Federal Even ifTiVo triumphs, which observerxs think likely, the award won’t wipe away its largee accumulated deficit. In the fiscal years 2008 and 2007, befor it won damages, TiVo lost $31.7 million and $49.1 respectively. TiVo has alreadgy been awarded $105 million in this patent fighrwith EchoStar. Though that earlier EchoStar payment contributed to a profitof $103.
t million for TiVo in the quarter endedx January, the company’s accumulated deficit (how much it has lost or written off since it started) at that time was $672.21 million. “We will need to generate significant additional revenues to achievesustained profitability,” the company said in its most recent quarterl y filing. TiVo’s president and CEO, Tom 54, was paid a salary of $800,0000 in the latest fiscal year. His totakl compensation for the yearwas $5.9 million, including $54,824e for housing, housing related and livin expenses, $42,796 in insurancse related expenses, and $20,099 in family travep related expenses, according to TiVo’s proxy card.
Rogers also sits on the boarf at , a Texas telephone book publisher that filede Chapter 11in March. He’s been a directot there since November 2006. based at the Dallas-Fort Worth paid a cash retainefrof $60,000 to directors in 2007, the latest year it’s reported in a proxy Former TiVo board member Charles a marketing executive who sat on TiVo’es audit committee, died May 27. TiVo had 463 workers as of Marcyh 23, more than half of them in research anddevelopmenty jobs.
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