Thursday, September 11th, 2008 in
Blog : by Editor
Is your day jam packed from 6:00 AM till 10:00 PM, Monday through Friday? Are your weekends filled with catching up on housework and finding time for yourself, friends and family or catching up on your favorite TV show like Lost? Well you’re not alone.
More often then not, our days are filled with work, school and just about anything else you can think of. Luckily, cable and satellite TV companies offer DVR services for those of us whose schedules just don’t sync up with TV land.
One company that is capturing the DVR market in record fashion is
TiVo (
TIVO).
TiVo has recently posted its second consecutive quarter of earnings after a long run of
RED.
TiVo’s posted total revenues of $
65.2 Million with a net income of
$2.9 Million in their most recent quarter. Not too shabby given the current state of the U.S. economy.
Currently,
TiVo is working on a joint venture with powerhouse electronic retailer
Best Buy (NYSE: BBY).
TiVo plans to soon allow Best Buy to bundle their HD TiVo boxes with HD televisions purchased at Best Buy brick & mortar locations. As a result of the agreement, not only will consumers be able to watch their recorded TV shows in high definition at their convenience without commercial interruption, they’ll also be able to play music from online sites like RealNetworks (Nasdaq: RNWK), Rhapsody as well movies purchased from Amazon (Nasdaq: AMZN).
Furthermore,
TiVo is collaborating with
Research In Motion (Nasdaq:
RIMM) to provide
BlackBerry users with the capability to remotely schedule recording of TV shows on their
TiVo DVRs for those days when you get caught up in a meeting or stuck in traffic. Future plans are also in the works to provide consumers with the capability to telephone their
TiVo DVR box and watch recoded shows anywhere in the world. As if mobile devices don’t already have enough features to keep us busy while we’re away from home.
Look out for more positive developments out of TiVo over the next few quarters as these endeavors come to fruition. As always I recommend researching the company and doing your own due diligence before making any investment decisions.
