TiVo optimistic about future, but I'm not so sure
TiVo seems very optimistic about its future according to this News.com story. I'm a little more suspect of these projections based on my personal experience trying to set up TiVo, the quality of their customer support, the degradation of the picture quality on the new plasma TVs, and the schism there exists between TiVo and the companies such as Comcast they are closely tied to. We were so frustrated that we returned the TiVo box to BestBuy and asked for a credit for the monthly service.
"TiVo's momentum is accelerating," CEO Mike Ramsay said. "Compared to last year, we just doubled sub(scriber) growth in the first half, we'll triple in the second half, and we expect to roll past 1 million subs during the holiday season. Retailers are excited about current TiVo products as well as the upcoming integrated DVD models from Toshiba and Pioneer."
TiVo added 90,000 subscriptions in the second quarter. The company said it expects to add 550,000 to 650,000 new subscriptions this year, and it lowered its operating-loss guidance for the full year, from a range of $27 million to $38 million to a range of $27 million to $35 million.