TiVo Inc. reported a quarterly profit after booking proceeds from the settlement of a digital video recorder patent lawsuit with Dish Network Corp. and set-top box supplier EchoStar Corp. For the quarter that ended April 30, TiVo — which sells set-top boxes that record, pause, rewind and fast-forward live TV and licenses its technology to cable companies for their own set-top boxes — earned $139 million, or $1.04 per share. That compared with a loss of $14.2 million, or 13 cents per share, in the year-ago quarter. The company’s profit stemmed from $175.7 million in litigation proceeds it received from Dish and EchoStar, which said in early May that they would pay TiVo $500 million to settle a patent the patent suit, making it one of the largest-ever patent settlements.
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