TiVo posts 10.2 million dollar loss, subscribers down again
ALVISO, Calif. Digital video recorder pioneer TiVo Inc. said Monday that its fourth-quarter loss widened as higher expenses, especially in research and development for new products, more than offset an increase in revenue.
Last week, TiVo unveiled its first new DVR in nearly three years, the TiVo Premiere. The new unit, which comes in configurations of 320-gigabyte and 1-terabyte hard drives, more seamless blends broadcast TV and the Internet and signals TiVo's view of the future of TV.
In the fourth quarter, TiVo lost $10.2 million, or 9 cents per share, compared to a loss of $3.6 million, or 4 cents per share, in the same quarter in the prior year.
Meanwhile, TiVo has been struggling to find new users in the face of competition from cable companies, which generally offer their customers less sophisticated DVRs as part of their overall cable plans. TiVo-owned subscription gross additions were 46,000 in the quarter, down 22%. At the end of the quarter, there were about 1.5 million TiVo-owned subscribers and 2.6 million total subscribers.
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"Looking ahead, TiVo said it expects to book service and technology revenue of $41 million to $43 million in the first quarter of its fiscal year 2011, far below the $48.8 million expected by analysts. The company forecast a loss of $19 million to $21 million. Analysts were expecting a loss of $5.5 million.
http://www.google.com/hostednews/ap/article/ALeqM5hNhPc97iGIRsYzzE4ln_94yRaYBgD9EAO6IG0
http://online.wsj.com/article/SB100...110012451450700.html?mod=WSJ_Tech_LEFTTopNews
http://tvbythenumbers.com/2010/03/08/tivo-loses-131000-subscribers-worst-for-a-january-quarter/44280
Maybe Apple should buy TiVo. They could pick up the entire company for a few billion. TiVos DVR patent could be worth that alone.
The Apple TV needs a kickstart anyway.