Thread: TiVo General TiVo Discussion Part 2
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Old 17-04-2011, 23:53   #1970
HDFootyMan
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Re: General TiVo Discussion Part 2
http://www.mercurynews.com/sv150/ci_...nclick_check=1

Quote:
"The stock has been hijacked by the legal system," said BMO Capital analyst Edward Williams, who has an "outperform" rating on TiVo. "While most people are focusing on the legal battle, the stock's not trading on anything akin to the true underlying issues. But TiVo is transitioning itself to become a part of the cable service providers' system and this is really critical because it's driving their business."

"The legal stuff," added Williams, "is diverting people's attention away from this significant transformation the company is making."

So far, TiVo has entered distribution agreements with Comcast, Cox and satellite television providers, including DirecTV, as well as international cable and broadcasting companies, such as Seven Networks in Australia and New Zealand and Virgin Media in the United Kingdom. Regardless of the outcome of its legal battle, TiVo will continue to reposition itself to adapt to consumers' new television-watching habits, says analyst Mark Argento with Craig-Hallum Capital.

"They'll keep working out agreements with cable folks regardless of the" court's ruling, said Argento, who has a "buy" rating on the stock and thinks TiVo's share price "could go to twenty bucks if they get a clean win in the case. If the opposite happens, the stock could go to six. We're just waiting for the court to rule."
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