TiVo Said Too Reliant On Cable TV Partners
TiVo (TIVO) stock fell Wednesday though the company beat Q3 expectations, with an analyst saying the maker of digital video recorders might be too dependent on cable partners. In a report released late Tuesday, Brian Fitzgerald, an analyst for Jefferies & Co., noted that TiVo’s multiple system operator subscriptions increased 54% from the year-earlier quarter, to 2.9 million, while its TiVo-owned subscriptions fell 8%, to 960,000. Total