Quote:
Originally Posted by Perfect Choice
As long as VM have Escrow rights to the Tivo software build on the Cisco box, then there really shouldn't be an issue here. Tivo may be getting a bumpy ride in the USA due to their past Cable provider independance I guess, but they seem to be trying to address this now.
I notice from the fiercecable link posted earlier that the revenue loss wasn't quite as bad, so P&L losses are one thing, business revenues and cash in particular are another; see statement below.
"For now, TiVo reported a net loss of $34.4 million compared to $10 million on revenues that were down to $41.4 million from $45.3 million last year."
Update: Just found the results statement on Yahoo, worth a read:
http://finance.yahoo.com/news/TiVo-R....html?x=0&.v=1 |
It is a typical press statement which is what that article has been lifted from.
Nevertheless the numbers are awful overall.
You don't get your rating changed from 'hold' to 'sell' for nothing. Let's all hope the move to Europe is the tonic the company needs because it's looks like they need growth from somewhere other than it's home market.
Fingers crossed.
---------- Post added at 14:19 ---------- Previous post was at 14:17 ----------
Quote:
Originally Posted by LexDiamond
I haven't looked at how Tivo are set up but the probability is that Tivo in UK and US are separate entities. I doubt Tivo would be naïve enough to have its foreign operations dependent on its US entity particularly when VM are giving them a partnership for a huge customer base.
My guess would be that the UK partnership with VM would be very lucrative as all Tivo are doing here is technology they already have.
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But it's technology that seems to be getting rejected elsewhere in favour of cheaper kit. Not just in the US but Australia too.
We'll see.