Boston, MA 06/10/2013 (wallstreetpr) – The share prices of TiVo Inc. (NASDAQ:TIVO) had declined by 19.04 percent to close at $11.10 per share for the last trading session on Friday. The shares of the company had been trading in the range of $11.04 to $11.61 per share during the day. The shares of TiVo Inc. (NASDAQ:TIVO) had recorded 52 week high price level of $14.10 and 52 week low price level of $7.75 per share.
TiVo Inc. (NASDAQ:TIVO) is involved in the development of technology for enabling search, navigation and access to content across different sources such as linear television, on demand television and broadband video. These facilities developed by the company are provided through digital video recorders, set top boxes, tablets, mobile phones and various other digital screens.
Settlement of patent litigations
In line with a settlement of patent litigation with companies like Google Inc, Cisco Systems Inc and Arris Group, the Alviso based TiVo Inc. (NASDAQ:TIVO) would get $490 million. The company had sued these huge players in the market over four different patents related to its television recording technology. However huge, this patent litigation settlement of $490 million would not suffice TiVo Inc. (NASDAQ:TIVO) to wipe out its accumulated deficit reported to be $692.6 million by the end of April, as the company had not yet made any remarkable profits out of sale from its own products and services.
TiVo Inc. (NASDAQ:TIVO) had witnessed a heavy trading volume of 35.19 million shares on Friday, while the average trading volume of the company is at 2.81 million shares per day.
