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

To: Jong Hyun Yoo who wrote (1667)	5/24/2005 10:52:16 AM
From: Road Walker	Read Replies (1) \| Respond to of 2093

Shares of TiVo Inc. (TIVO) rose in pre-market after First Albany started research coverage of the digital video recorder maker with a strong buy rating and a $16 stock price target. Analyst Richard Baldry believes the company can become profitable "at will" when it decides to abandon its hardware subsidization strategy. "We believe TiVo's valuation today is reflective of its history of net income losses, but believe investors will shift focus to its fast-growth recurring revenues as it turns profitable and slowly offloads its hardware burden," Baldry said.