DISH Network Surges On Court's Decision To Revisit TiVo Patent Case (DISH, TIVO, SATS)

The market is a sea of red today, as stocks have been battered throughout the trading session. The Dow Jones Industrial Average is currently down 182 points to 10,600. One bright spot, however, is DISH Network DISH, which has gained 5.24% on news that a U.S. appeals court will re-examine whether DISH and sister company EchoStar SATS were in violation of TiVo's TIVO digital-recording services patent. The courts had previously ruled in TIVO's favor, sending the stock skyrocketing earlier this year. TIVO shares have gotten completely crushed as a result of this announcement, falling 40.48% to $10.35 during today's trading session. EchoStar (SATS) has lost 0.64%, after making it into positive territory earlier in the day.