Rochester,NY 7/10/2009 11:02:04 PM
Morning Results - TIVO - Strategic Alliance Betweeen TiVo, Inc. and Best Buy Co., Inc. - Sourced WhisperFromWallStreet.com
TiVo Inc.
Morning Results - TIVO - Strategic Alliance Betweeen TiVo, Inc. and Best Buy Co., Inc. - Sourced WhisperFromWallStreet.com
TiVo Inc.,TIVO
8.68 Up 0.05 (0.58%) 11:51am ET
TiVo, Inc. announced that it has entered into a strategic alliance with Best Buy Co., Inc. designed to transform the digital home entertainment experience. The alliance seeks to drive greater distribution of TiVo products and its user experience, and to provide Best Buy with a digital platform in the home to strengthen its customer relationships. For Best Buy, the alliance is a major step intended to accelerate its evolution in digital media and better serve the needs of its customers. As part of the agreement, TiVo and Best Buy plan to investigate development of a unique user interface for TiVo DVRs purchased at Best Buy which would provide Best Buy a platform to more effectively market its digital content services, to regularly offer consumers trusted advice and guidance on the digital home experience, and to provide an ongoing dialogue with customers about Best Buy's various retail offerings.
Last Trade: 8.60
Day's Range: 8.54 - 8.84
52wk Range: 4.00 - 11.62
Volume: 564,153
ABOUT
TiVo Inc., together with its subsidiaries, provides technology and services for digital video recorders (DVR). It offers TiVo, a subscription-based television service that enables consumers to record, watch, and control live television; and to receive movies and television shows from cable, broadcast, and broadband sources, as well as other forms of content from broadband sources, such as YouTube videos and a collection of music videos and songs, and Internet radio. The company also provides advertising platform and audience research measurement services. It distributes the TiVo DVR through consumer electronics retailers and its on-line store at TiVo.com, as well as through agreements with television service providers, such as cable television operators, satellite television providers, and cable and broadcasting companies. As of January 31, 2009, TiVo Inc. had approximately 3.3 million subscriptions to the TiVo service. The company was founded in 1997 and is headquartered in Alviso, California.
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