TiVo (TIVO) CEO Rogers: 'We'll Be Extremely Profitable in FY12'
Down)
TiVo Inc. (Nasdaq: TIVO) shares are up more than 1 percent Thursday as investors are getting bullish following CEO comments.
Tom Rogers, Chief Executive of TiVo, spoke with Bloomberg TV in an interview at CES recently. He said TiVo has shifted from an "on demand" model to "get whatever you want, whenever you want" model. The exec highlighted the company's live TV, recorded TV, cable operator on-demand options, and "over-the-top" options. Over-the-top refers to extra services like Netflix (Nasdaq: NFLX), Hulu, and so on.
Rogers said TiVo has gone from being a stand-alone consumer electronics company to a leading provider in advanced TV in the cable industry.
In terms of litigation, TiVo has gotten $900 million over the last nine months from patent lawsuits with DISH (Nasdaq: DISH) and AT&T (NYSE: T), answering the question of whether or not it has any valuable intellectual property. The company still has ongoing disputes with Microsoft (Nasdaq: MSFT), Motorola Mobility (NYSE: MMI), and Verizon (NYSE: VZ), but Rogers is confident in the outcome for each.
Rogers believes the company's partnership to cable, strong free cash flow, and continued improvements to add net subs will lead to TiVo being "extremely" profitable in 2012.
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Tom Rogers, Chief Executive of TiVo, spoke with Bloomberg TV in an interview at CES recently. He said TiVo has shifted from an "on demand" model to "get whatever you want, whenever you want" model. The exec highlighted the company's live TV, recorded TV, cable operator on-demand options, and "over-the-top" options. Over-the-top refers to extra services like Netflix (Nasdaq: NFLX), Hulu, and so on.
Rogers said TiVo has gone from being a stand-alone consumer electronics company to a leading provider in advanced TV in the cable industry.
In terms of litigation, TiVo has gotten $900 million over the last nine months from patent lawsuits with DISH (Nasdaq: DISH) and AT&T (NYSE: T), answering the question of whether or not it has any valuable intellectual property. The company still has ongoing disputes with Microsoft (Nasdaq: MSFT), Motorola Mobility (NYSE: MMI), and Verizon (NYSE: VZ), but Rogers is confident in the outcome for each.
Rogers believes the company's partnership to cable, strong free cash flow, and continued improvements to add net subs will lead to TiVo being "extremely" profitable in 2012.
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