TiVo Adds another 3% (TIVO)

Yesterday, there were some rumors out that TiVo TIVO may be in settlement talks with Dish DISH and EchoStar SATS for around $200 million in the companies' long winded patent dispute. The rumors are likely false, but the market is waking up again to the fact that TIVO shares are headed a lot higher in short order if an earlier decision against DISH and SATS is held up by a federal appeals court which is hearing the case en banc. A decision is expected by March. TIVO shares have shot up 3.11% to $10.61 on Thursday after jumping around 5% on Wednesday. In order to get a good idea of how much is riding on this litigation, you may want to go check the May options market in TIVO. Analysts are backing TIVO in this latest turn of events in the legal saga, although the outcome is far from a foregone conclusion. The median Wall Street price target on the stock is $17 with a high target of $23.00. How does TIVO go from $10 and change to $17? Simple, have their previous legal victory be upheld by the en banc review. If that happens, there will be fireworks in this name.