Digital video recorder maker TiVo on Wednesday posted a loss that reflected an inventory write-off made necessary by the rapid shift by retailers to sell newer, high-definition recorders.
TiVo shares fell more than 3 percent in after-hours trade.
Its net loss for the second quarter ended July 31 was $17.7 million, or 18 cents per diluted share, compared with the year-earlier quarter's loss of $6.4 million, or 7 cents per diluted share. The latest quarter's loss included an inventory writedown charge of $11.2 million.
Source
08-30-2007, 02:38 PM
TiVo, hurt by writedown, swings back to net loss
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