TiVo Community Forums Archives - Tivo raises $74 million in share offering

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Tivo raises $74 million in share offering
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Posted by: MighTiVo

NEW YORK, Jan 27 (Reuters) - Television recording technology company TiVo Inc. (nasdaq: TIVO - news - people) said on Tuesday it had raised $74 million in a share offering to institutional investors.

TiVo, which is based in San Jose, California, said it sold 8 million registered shares of common stock at $9.30 per share.

TiVo intends to use the net proceeds for general corporate purposes.

Copyright 2004, Reuters News Service

I wonder what the cash is for? Are they running low again or about to start something new?

Posted by: kitsap

I'm guessing it's primarily a big raise for Pony. ;)

Posted by: HDTiVo

Hopefully part of it will go towards a stepped up pace of software development to add the kinds of features we talk about herein.

Posted by: Rcrew

quote:
Originally posted by HDTiVo
Hopefully part of it will go towards a stepped up pace of software development to add the kinds of features we talk about herein.

Great for you SA TiVo guys... perhaps a mil or two could be used to bribe DirecTV to release HMO?

Posted by: ADG

I'm not real crazy about "general corporate purposes"

Posted by: grins

general corporate types are...aeron chairs and flat panels for everyone! :D

Posted by: gfoulks

"general corporate purposes" is another way of saying "Executive Bonus" ;-)

Posted by: ThreeSoFar

Might have to sell some TIVO stock I bought at $4.75.....

Posted by: CrispyCritter

Very interesting! It looks like it's primarily marketing money. TiVo has done almost no advertising in the past few years after spending over $100 million the first couple of years.

I wonder if this is related to the Humax Standalones, and whether Humax and TiVo will be jointly pushing them?

Posted by: pgogborn

quote:
Originally posted by Rcrew
Great for you SA TiVo guys... perhaps a mil or two could be used to bribe DirecTV to release HMO?

Don't be greedy, last I heard the majority of the TiVo engineering corps - which is a very large engineering corp, are already exclusively devoted to DirecTV :)

Posted by: Gerg

quote:
Originally posted by MighTiVo
[i]... TiVo, which is based in San Jose, California, ...

Eh? Thought their whole California operation was still in Alviso.

Gerg

Posted by: aciurczak

Alviso is a stone's throw from San Jose, and Tivo is certainly still based there. But people know where San Jose is, and most have never heard of Alviso.

Posted by: CharlesH

Alviso is legally a part of the city of San Jose (it was annexed in 1968), but has its own postal code, is listed on maps, and retains it own sense of community identity.

It consists of land at the southern extremity of the San Francisco Bay, and as such has a lot of mud flats, marshes, and flood-prone low-lying land. There are a few high-tech businesses like TiVo in Alviso, but for the most part, it is an economically poor community.

http://www.pe.net/~rksnow/cacountyalviso.htm has some info on Alviso.

Posted by: HDTiVo

>Great for you SA TiVo guys... perhaps a mil or two could be used to
>bribe DirecTV to release HMO?

Forget you guys. For what you pay per month, you should have to give back features on a regular basis. :)

Posted by: pgogborn

Perhaps it is something to do with what some people believe is a new interest by TiVo Inc in markets outside the USA, as discussed in this thread >
http://www.tivocommunity.com/tivo-v...491#post1679491

Even the jilted UK market lives in hope of a new manufacturer, the respected New Media Markets newsletter is reporting that, "PVR pioneer TiVo is talking to Korean manufacturer Humax about launching a TiVo box into the [UK] market". >
http://www.tivocommunity.com/tivo-v...411#post1698411

Perhaps the possibility of loosing the DirecTV market is forcing TiVo Inc to draw up contingency plans to replace the loss by going into new markets, boosting the existing standalone market.