By Lisa Johnston
New products on display at the American International Toy Fair, held in N
TiVo announced Friday that it will receive an upfront lump-sum payment of $490 million to settle pending patent litigation with Google’s Motorola Mobility unit and Cisco Systems, while also settling its pending litigation with Time Warner Cable.
TiVo said it will recognize a portion of the payment as past damages during the second quarter, “and the remainder over time.” TiVo expects to provide more information on that timing of that revenue recognition in its second quarter earnings report.
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This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.