Rochester,NY 7/11/2009 12:55:02 AM
Afternoon Stock Report - DTV - Best Buy and TiVo Get Cozier - Sourced WhisperFromWallStreet.com
DIRECTV Group, Inc.
Afternoon Stock Report - DTV - Best Buy and TiVo Get Cozier - Sourced WhisperFromWallStreet.com
DIRECTV Group, Inc. DTV
If you think you saw TiVo (Nasdaq: TIVO) and Best Buy (NYSE: BBY) together at a trendy sushi hotspot, your eyes didn't deceive you. The two companies are entering a strategic alliance that, if press releases are ever to be believed, will "transform the digital home entertainment experience."
Now, of course you know that press releases are peppered with hyperbole and promises of free ponies. Best Buy has been selling TiVo DVRs for years, so what's the point of some "strategic alliance" when the two are already in commercial cahoots?
Well, let's just say that we could see some interesting developments if things pan out here. The two companies will investigate the creation of a unique platform for TiVo boxes sold through Best Buy. Ideally, a TiVo purchased at Best Buy will allow the consumer-electronics retailer to reach out to the couch potato with store promotions and easy access to digital services.
Last Trade: 23.4213
Day's Range: 23.07 - 23.66
52wk Range: 17.70 - 28.83
Volume: 5,661,600
ABOUT - DIRECTV Group, Inc.
The DIRECTV Group, Inc. provides digital television entertainment in the United States and Latin America. It operates in two segments, DIRECTV U.S. and DIRECTV Latin America. The DIRECTV U.S. segment provides direct-to-home (DTH) digital television services, as well as multi-channel video programming distribution services in the United States. As of December 31, 2008, the segment had approximately 17.6 million subscribers with access to channels of digital-quality video pictures and CD-quality audio programming. It distributes approximately 2,000 digital video and audio channels, including basic entertainment and music channels, premium movie channels, regional and specialty sports networks, Spanish and other foreign language special interest channels, pay-per-view movie and event choices, and national high-definition television channels.
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