Rovi Corp. (Nasdaq: ROVI) lost its appeal to overturn a lower court's ruling that Amazon.com Inc. (Nasdaq: AMZN) did not infringe on two Rovi patents. Shares of Rovi plunged $2.76 to close at $20.50 while Amazon stock leaped $9.31 to close at $327.07.
Rovi Loses Appeal
April 08, 2014 at 17:32 PM EDT
