The Media Stock Blog

Smith Barney downgrades Tivo (TIVO)

admin — Wed, 22 Jul 2009 12:36:23 +0000

Smith Barney downgraded Tivo (TIVO) following the resignation of President Marty Yudkowitz, citing deteriorating employee morale. This downgrade might have been useful a year ago before Tivo fell over 70% from $13 per share to yesterday’s close of $3.58 per share. Or even a month ago when DirectTV (where about 75% of Tivo boxes are installed) announced that it was switching to NDS’s XTV product. Or even a few weeks ago when founder and CEO Mike Ramsey resigned. Great timing!

TIVO’s President resigns

admin — Wed, 22 Jul 2009 12:29:48 +0000

TIVO’s President, Marty Yudkowitz, resigned yesterday, a few weeks after the resignation of Tivo founder, Mike Ramsey. Tivo’s stock has fallen from $13 to $4 in the past year as competition has intensified. Recently, DirectTV (where about 75% of Tivo’s boxes are installed) announced that it is switching to NDS’s DVR product, called XTV.

Pixar (PIXR) cleans up at the Annies

admin — Wed, 22 Jul 2009 08:49:25 +0000

Pixar animation won ten awards at the 32nd Annie Awards festival for animated films. Pixar’s The Incredibles won Best Animated Feature and Pixar cast meember picked up nine other individual achievement awards. Dreamworks did not win any awards.