I have discussed in other posts the direct link between quality patents and shareholder value. Now, we have proof that a favorable patent ruling at the hand of the CAFC can help a stock price surge. Yesterday, the CAFC ratified the district court’s contempt order in Tivo, Inc. v. EchoStar Corp. The case, which focused on television simultaneous recording technology patents, was well-watched by the IP community. According to IP Watchdog, Tivo, Inc.’s stock price surged at the news of the hearing:
“On news of the Federal Circuit ruling TiVo stock immediately surged ahead well over $5, up over 50%. Within less than 1 hour TiVo stock when from trading just over $10 a share, trading at $10.31 at 11:06 am EST, to trading at $16.07 at 11:42 am EST, hitting an intra-day high at 1:18pm EST at $16.36, and establishing a trading range plus or minus $15.65, where it is at as of 2:46pm EST.”
And the sun rises again on the benefits of patent litigation . . .
Speaking of new sunrises, pictured here is a sunrise over the International Airport in Santiago, Chile. I visited Chile in December with my family for my sister’s wedding. She married a Chilean man whom she met in college here in the United States. While this picture is fantastic in its own right, it has new meaning - a metaphor that the sun will still rise in Chile, and there will be a better day just around the corner.