TIVO’s President resigns
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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.