TiVo's shallow victory
TiVo beat the Street and recorded losing less money than expected. Third-quarter earnings showed a loss of only $1.72 per share, instead of the $2.31 per share Wall Street predicted.
TiVo also recorded a subscriber gain from 48,000 to 73,000. During 3Q, the company inked a deal with satellite carrier DirecTV to market the service, and also cut a deal with AOL to provide TiVo services to AOLTV subs.
TiVo sells the service to subscribers using the personal video recorders that don't use videotape. Sony and Philips produce the set-top boxes.