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Technology Stocks : Tivo (TIVO) Interactive TV

TIVO 6.090

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Jun 1 5:00 PM EST

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To: Andre Williamson who wrote (1596)	3/25/2005 10:40:11 PM
From: Andre Williamson	of 2093

(1/48th of it), and during the quarter of activation, even less will get counted (perhaps 1/100th or so, depending when in the quarter the activation took place). Note that I mixed this up slightly: It's 1/48th per month that gets recorded, or 3/48ths per quarter. In the case of Q4, then, with most activations taking place near Jan 1, the actual amount counted would be around 1/48th, not nearly as low as 1/100th. So cash paid for lifetiming during Q4 would be roughly (48/47)*19,690,000 = $20.1 million which is actually a touch more than the $19.8 million or so I had figured. Andre

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