United States: Patent Granted, Stock Leaps
Last Updated: June 5 2001
Article by Mr Steve Boutwell

Is intellectual property important to the value of a company? Ask TiVo, one of the leaders in digital recording and replay of television programming. The company recently announced that it had been awarded a patent covering features of its video recording hardware and software. Although TiVo would not comment on whether it intended to file litigation against competitors infringing the patent, it did suggest that it would pursue licensing efforts.

The result? TiVo stock jumped 72% in the day following the announcement.

Wall Street, venture capitalists and other investors all recognize the central importance of intellectual property in today's economic climate. With experiences like TiVo's, expect even more emphasis to be placed on the importance of an intellectual property portfolio.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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