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Technology Stocks : Tivo (TIVO) Interactive TV -- Ignore unavailable to you. Want to Upgrade?

To: Doug Soon who wrote (750)	12/12/2002 5:45:45 PM
From: TimF	Read Replies (1) \| Respond to of 2093

TiVo System to Offer Home Music, PC Pictures 1 hour, 35 minutes ago Add Technology - Reuters to My Yahoo! NEW YORK (Reuters) - TiVo (news - web sites) Inc. (NasdaqNM:TIVO - news) said on Thursday its television recording system will soon be able to play digital music and show pictures stored in personal computers. Data stored in file formats such as MP3 and JPEG will appear on the television that is connected to the TiVo set-top box, company Chief Executive Michael Ramsey told investors at a Credit Suisse First Boston Conference. The company will likely charge an additional fee for the premium service, which will be launched in January at the Consumer Electronics Association's CES conference in Las Vegas, he said. "There's a whole set of packages that we are doing and the main theme is around broadband and home networking. It is our next big thing," Ramsey told Reuters after the presentation. Ramsey declined to comment on the pricing plans for the add-on services. TiVo, whose technology allows users to save hours of TV shows onto a hard drive in a set-top box and makes suggestions for other programming choices, derives most of its revenue from subscribers' fees and licensing agreements with manufacturers. TiVo's boxes, sold under several brand names including Sony and Toshiba, sell on average from about $200 to $400, depending on the size of the hard drive inside. Subscribers can pay $13 monthly for existing service or $249 for a lifetime plan. The new initiatives, which include a way for users to program recording times away from home through a Web site, would provide the company with additional streams of revenue. At the CSFB conference, Ramsey reiterated TiVo's forecast that its subscribers will double to 1 million in fiscal 2004, which begins in February. He also poured cold water on recent, persistent rumors that TiVo might be an acquisition target, possibly from Sony Corp (news - web sites). (6758.T), a major investor. "There is no basis for that rumor whatsoever," Ramsey told Reuters. Shares of TiVo closed unchanged Thursday at $5.50 in light dealings. news.yahoo.com