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.
Ian McClure is a former corporate & securities and intellectual property law attorney with
Trevor M. Blum is a former Associate in the Chicago-based, valuation practice group of Ocean Tomo, LLC., an intellectual property (IP) consultancy. Additionally, he provided instrumental research support to Intellectual Property Exchange International, Inc., an IP exchange start-up. Trevor holds a B.S. from Indiana University and is currently an MBA candidate at the University of Cambridge, focusing on international business and finance. His interests also include entrepreneurship, economics, and informational visualization. He enjoys running and cycling in his free time. Trevor seeks to bring a transnational business perspective to the blog. 
One Comment, Comment or Ping
Leslie Rodriguez
Thank you Ian
The sun will rise in Chile, and Haiti, and Taiwan - that is for sure!
Mar 6th, 2010
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