1/29/2011                                   TiVo Pops on Premiere CES Tech Talk: Fi…   TiVo Pops on Premiere CES Tech Talk...
1/29/2011                                TiVo Pops on Premiere CES Tech Talk: Fi…   -- Written by Theresa McCabe in Boston...
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Tivo Pops On Premiere Ces Tech Talk Fidelity


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My TIVO Research moves stock 20%

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Tivo Pops On Premiere Ces Tech Talk Fidelity

  1. 1. 1/29/2011 TiVo Pops on Premiere CES Tech Talk: Fi… TiVo Pops on Premiere CES Tech Talk TiVo shares surge as investors anticipate that the companys Premiere service will gain more recognition at the Consumer Electronics Show. By Theresa McCabe, Staff Reporter THESTREET.COM — 01/06/11 (TiVo (TIVO) article updated with stock price information and additional analyst commentary.) NEW YORK (TheStreet) -- TiVo (TIVO) shares continue to surge as the companys Premiere service gains more recognition at this years Consumer Electronics Show. Tivo (TIVO) shares are climbing more than 2.5% to around $10.10 today after gaining more than 8% yesterday. TiVo (TIVO) finished Wednesday up 8.8% to close at $9.85 after more than 7.2 million shares traded hands. Analyst David Miller of Caris said that the stocks movement is likely in connection to the buildup surrounding the major annual tech show at the end of this week. While he doesnt expect any key announcements about TiVo (TIVO) to come out of the CES, he said that investors are banking on TiVos (TIVO) Premiere set top box emerging as the "media hub that is going to organize the multi-channel universe." The Tivo Premiere set top box features content via cable and Internet connections. TiVos (TIVO) service integrates Web- based features such as Netflix (NFLX), Amaz on (AMZN) and Googles (GOOG)YouTube (GOOG) videos, and allows users to access social networking site on their television screen. ="Scripts/swfobject_modified.js" type="text/javascript">Content on this page requires a newer version of Adobe Flash Player. TiVo (TIVO) CEO Tom Roger presented at the 21st annual Citi media conference on Wednesday. While Roger did not announce any big news, he did mention that DirecTV (DTV) and Virgin Media (VMED) are set to accelerate rollouts this year through their agreements with TiVo (TIVO). TiVo (TIVO) has signed deals with several cable and broadcast satellite operators including DirecTV (DTV), Virgin, RCN, Comcast (CMCSA), and Cox. >>2010 Pay-TV Stock Winners and Losers Analyst Rich Tullo with Albert Fried believes that TiVo (TIVO) has strong brand recognition and that its service is superior to most digital video recorders supplied by multiple system operators. "We think TiVos (TIVO) ability to integrate over-the-top programming as well as social media is novel and solidifies TiVos (TIVO) standing as the gold standard in personal video recorder services," Tullo said in a Jan. 3 research note. >>TiVo (TIVO) CEO: TiVo Defining the Future of TV Miller believes that the Premiere service is unlike any other television offering on the market. "There is no other box out there which can amalgamate all of that into one easy-to-organize, 1 terabyte storage facility, with use of only 1 remote control," he said in his Jan. 6 research note. "Premiere is really the only device that can pull in disparate forms of content, both linear and non-linear, into one central hub." Tullo believes that the Premiere platforms ability to deliver addressable advertising solves a lot of problems that face small and mid size MSOs. TiVos (TIVO) recent integration of technology will benefit these companies as TiVo (TIVO) focuses on delivering targeted advertising into the homes of its subscribers. Tullo, Miller and analyst Mark Harding with Maxim Group agree that the Federal court decision regarding TiVos (TIVO) litigation with Dish Network (DISH) and EchoStar (SATS) is critical. If TiVo (TIVO) wins, it would earn a settlement between $75 and $200 million, Tullo explained. Tullo recently upgraded TiVo (TIVO) to a buy rating from market perform and maintained his price target of $12 while Harding reiterated his buy rating of the stock in a Jan. 5 note and held his 12-month target price at $20. Miller rates the stock as a buy with a $17 price target.https://news.fidelity.com/news/news.jht… 1/2
  2. 2. 1/29/2011 TiVo Pops on Premiere CES Tech Talk: Fi… -- Written by Theresa McCabe in Boston. >To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: tips@thestreet.com. Disclosure: TheStreets editorial policy prohibits staff editors and reporters from holding positions in any individual stocks. © 1996-2011 TheStreet.com, Inc. All rights reserved. Content for this page, unless otherwise indicated with a Fidelity pyramid logo, is published or selected by Fidelity Interactive Content Services LLC ("FICS"), a Fidelity company with main offices in New York, New York. All Web pages that are published by FICS will contain this legend. FICS was established to present users with objective news, information, data and guidance on personal finance topics drawn from a diverse collection of sources including affiliated and non-affiliated financial services publications and FICS-created content. Content selected and published by FICS drawn from affiliated Fidelity companies is labeled as such. FICS selected content is not intended to provide tax, legal, insurance or investment advice and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by any Fidelity entity or any third-party. Quotes are delayed unless otherwise noted. FICS is owned by FMR LLC and is an affiliate of Fidelity Brokerage Services LLC. Terms of use for Third-Party Content and Research. Fidelity Brokerage Services LLC Content marked with this symbol is provided by Fidelity Brokerage Services LLC (“FBS”), an SEC registered broker-dealer and member NYSE, SIPC. FBS makes available a full range of stocks, bonds, and mutual funds to individual and other investors through retirement and non-retirement accounts. FBS services its customers through local investor centers, regional telephone service centers and the internet. FBS is an affiliate of FICS. Before investing, consider the funds investment ob jectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully. CAREERS | NEWS MEDIA | INSIDE FIDELITY | INTERNATIONAL © 2008-2011 FMR LLC. All rights reserved. Terms of Use | Privacy | Security | Site Maphttps://news.fidelity.com/news/news.jht… 2/2