On Air Now

Current Show

Early Morning Journal   5:30 AM - 6:00 AM

The latest information to get your morning going on the Early Morning Journal

Show Info »

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
47° Feels Like: 43°
Wind: WSW 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Rain 59°

Tonight

Mostly Clear 43°

Tomorrow

Mostly Sunny 60°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

TiVo posts profit after patent lawsuit settlement

(Reuters) - Video recorder pioneer TiVo Inc posted a quarterly profit as it gained $490 million from a patent litigation settlement with Google Inc's Motorola Mobility and Cisco Systems Inc.

Tivo reported a net profit of $268.9 million, or $1.96 per share, in the second quarter, compared with a net loss of $27.7 million, or 23 cents per share, a year earlier.

Revenue rose 53 percent to $100.1 million.

TiVo said in June it settled a patent lawsuit with Motorola Mobility, which had accused it of infringing patents for digital video recorders.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian)

Comments