[opendtv] TiVo slumps as rival DVR maker has DirecTV deal

  • From: Monty Solomon <monty@xxxxxxxxxx>
  • To: undisclosed-recipient: ;
  • Date: Mon, 2 Aug 2004 18:41:47 -0400

     TiVo slumps as rival DVR maker has DirecTV deal
     - Aug 2, 2004 03:18 PM (Reuters)

NEW YORK, Aug 2 (Reuters) - TiVo Inc. (NASDAQ:TIVO) shares
slipped 6 percent on Monday after a rival said it would next
year supply television recording device technology to satellite
television company DirecTV Group Inc. (NYSE:DTV), TiVo's biggest
source of new customers.


British digital TV technology firm NDS Group Plc (NASDAQ:NNDS),
which like DirecTV is controlled by media conglomerate News
Corp. Ltd.<NCP.AX>, told Reuters on Monday that it plans to
ship digital video recorder technology to DirecTV in the first
quarter of 2005.


The increasing NDS-DirecTV partnership follows several
events that have shaken investors' confidence in Tivo's
relationship with DirecTV, including DirecTV's sale of its
stake in TiVo in June, and the resignation of DirecTV's
chairman from TiVo's board.


TiVo, which has a contract to supply digital video
recorders (DVRs) to satellite firm DirecTV (NYSE:DTV) through
2007, has previously said that given a choice, DirecTV
subscribers would pick TiVo's DVR service, which has unique
features, programming and home networking options.

...

     - http://finance.lycos.com/home/news/story.asp?story=42854843

 
 
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