Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Rodman & Renshaw Ups Tivo Rating

Rodman & Renshaw upgraded Tivo (TIVO) to market outperform from market perform.

Analyst Daniel Ernst says he expects Tivo to report in-line fourth quarter results on March 6, and he sees cash flow upside during fiscal 2004 (Jan). He says the company, a subscription-based television service that lets viewers pause, rewind and play back live or recorded TV broadcasts, performed well at DirecTV and despite a generally weak holiday selling season. He now expects Tivo to meet his 125,000 net subscriber additions target.

Additionally, Ernst notes several new products continue to position the company at the top of the digital media marketplace, and he thinks the introduction of home media management software is likely to generate high-margin revenue -- representing upside to his model. He raised the $10.4 million fiscal 2004 EBITDA estimate to $15 million, and set a $7 target.

blog comments powered by Disqus