Volume Spike Investor

TiVo (NASDAQ: TIVO) shares are soaring this morning.  A court ruling in Texas in TiVo’s patent case against EchoStar (NASDAQ: SATS) is the culprit.  The fight has been ongoing for over 5-years in a federal court in Texas.  TiVo shares are flying on exponential volume now that the U.S. District Court for the Eastern District of Texas found that EchoStar’s software “workaround” that were meant to get around the TiVo patents are actually still a patent infringement.  TiVo stock is up over 40% at $9.90 on 11.6 million shares as of 9:50 AM EST.  Its average volume is only about 1.2 million shares and the 52-week range is $4.00 to $9.07.  That was its 52-week range at any rate…..   If this holds, it will be a huge long-term breakout over the last 5-Year period.  -Jon Ogg