Investors Rewind TiVo Shares Amid Concerns Over DirecTV Deal
Jul 25, 2005, 8:15 AM
Investors hit the rewind button on TiVo's stock Friday after a top Wall Street securities firm issued a report downgrading its stock due to concerns that DirecTV would soon shift to a different supplier to provide digital video recorders to DirecTV subscribers. The report by JP Morgan analyst Barton Crockett implied that TiVo was in jeopardy due to a plan by News Corp., which controls DirecTV, to begin using DVRs supplied by another company controlled by DirecTV. -- J.M.