November 26, 2008 |
TiVo Inc., the pioneer of digital video recorders, reported a profit in its fiscal third quarter after winning $105 million from Dish Network Corp. in a patent-infringement lawsuit. Net income was $100.6 million, or 98 cents a share, in the period ended Oct. 31, compared with a loss of $8.27 million, or 8 cents, a year earlier, Alviso, Calif.-based TiVo said. Revenue fell 15% to $64.5 million, beating the $62.8-million average of analyst estimates compiled by Bloomberg. Dish, the second-largest U.S. satellite-television provider, agreed last month to pay TiVo the $105 million after the U.S. Supreme Court rejected its appeal.
October 30, 2008 |
Netflix Inc. continues to expand the reach of its "Watch Instantly" video streaming service, striking a deal to make its movie and TV shows available to about 1 million TiVo owners who have high-speed Internet connections. The partnership represents a bit of back to the future for Netflix and TiVo Inc. They originally announced a video-on-demand deal in fall 2004. That earlier agreement unraveled because of a combination of technology and rights issues.
October 7, 2008 |
The Supreme Court refused Monday to disturb a $74-million judgment against Dish Network Corp. for violating a patent held by TiVo Inc. involving digital video recorders. Without comment, the justices declined to consider Dish's appeal. In January, the U.S. Court of Appeals for the Federal Circuit agreed with a lower court that digital video recorders distributed by Dish, formerly known as EchoStar Communications Corp., violated the software elements of Alviso, Calif.-based TiVo's patent.
August 28, 2008 |
TiVo Inc. posted a quarterly profit for only the third time in its 11-year history Wednesday as the pioneer in digital video recorders boosted margins on hardware and reduced marketing costs in its fiscal second quarter. It was also the first time that TiVo had back-to-back quarters of profit. The Alviso, Calif., company reported net income of $2.9 million, or 3 cents a share, contrasted with a loss of $17.7 million, or 18 cents, a year earlier. Analysts polled by Thomson Reuters had expected a loss of 2 cents a share in the quarter that ended July 31. However, TiVo shares declined in extended trading after the company said its revenue in the current quarter would fall short of analysts' expectations at $49 million to $51 million.
May 29, 2008 |
Digital video recorder pioneer TiVo reported Wednesday that its fiscal first-quarter net income more than quadrupled as costs for marketing and research declined. Alviso, Calif.-based TiVo Inc. earned $3.6 million, or 4 cents a share, in the three months ended April 30, up from $835,000, or 1 cent, a year earlier. Revenue for services and technology totaled $54.9 million, down from $58.1 million last year. Analysts, on average, had expected TiVo to post a loss of 1 cent a share on service and technology sales of $55.6 million, according to a poll by Thomson Financial.
March 6, 2008 |
TiVo Inc. has been thinking outside the box. The Alviso, Calif.-based maker of digital video recorders said Wednesday that efforts to broaden its focus led to a decline in sales but a narrower fourth-quarter loss. TiVo lost $6.4 million, or 6 cents a share, on $74.1 million in revenue in the quarter that ended Jan. 31. It lost $19.5 million, or 20 cents, a year earlier. Analysts polled by Thomson Financial had expected a loss of $10.2 million, or 11 cents a share. The set-top box maker has spent two years diving into a wide array of businesses, including licensing its technology to cable companies, facilitating movie and music downloads, selling interactive TV ads and providing research on whether those ads are being watched.