TiVo shares up, high court unmoved by Dish appeal

The Alviso, Calif.-based digital video recording company's stock climbed rose 11 cents, or 1.8 percent, to $6.37.

TiVo won a 2004 patent infringement case against EchoStar Communications, a satellite broadcaster. The technology at the center of the dispute lets viewers record one program while watching a second.

EchoStar, now called Dish Network Corp., appealed. In January of this year, the U.S. Court of Appeals said Dish's software infringed, but not its hardware. The Supreme Court's refusal to hear another appeal means Dish must pay TiVo the $74 million judgment.

Shares of Englewood, Colo.-based Dish dropped 74 cents, or 3.9 percent, to $18.06.

Stock markets around the world fell Monday as investors worried that Washington's $700 billion rescue plan for the financial sector may not be enough to stave off a global credit crisis. The Dow Jones industrials fell 369.88 points, or 3.6 percent, to 9,955.50, closing below 10,000 for the first time in four years.