Tivo, hurt by writedown, swings back to net loss
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Digital video recorder maker TiVo  Inc. on Wednesday reported a loss that was weighed down by an  inventory writeoff, swinging back from a small profit reported  in the first quarter of this year.
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For the fiscal fourth quarter, Hovnanian reported a net loss of $7.42 a share, compared with a net loss of $1.88 a share in the year-ago quarter.
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TiVo's Series 3 digital video recorder has become an almost required device for any high-definition aficionado, and it's far and away the best DVR on the market. But a $799 USD price tag has kept the S3 confined to a relative small number of homes. TiVo hopes to change that with the Series 3 "Lite," priced at $299 USD.
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TiVo, maker of digital television recorders, said Monday that its quarterly net loss widened as it boosted spending to acquire customers, but the number of subscribers to its fee-based television service rose sharply.
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TiVo may have cut its losses this quarter, but the holiday season will put it more in the red. Plus, investors are becoming increasingly worried about growth - TiVo only added 16,000 subscribers this quarter.
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The DVR pioneer posts mixed results in its latest quarter.
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For the period that ended Dec. 31, the company reported a loss of $16 million, or 11 cents a share, in contrast to a profit of $18 million, or 12 cents a share, in the period a year earlier.
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Shaw Group Inc.  on Thursday  said it expects to record a loss of about $23.8 million, or 30  cents per diluted share, when it restates results for its first  fiscal quarter ended February 28, 2007.
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Troubled TiVo seems headed for more turbulence, even after recent exit announcements from CEO Michael Ramsay and President Marty Yudkovitz sent shares down 6.8% Wednesday to &#36;3.58, a 52-week low.
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Viacom Inc. (VIAb.N: Quote, Profile, Research) (VIA.N: Quote, Profile, Research) on Thursday posted a quarterly loss on charges related to the spinoff of video rental chain Blockbuster
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Wall Street is expected to take its  direction from a swathe of economic data on Friday as it begins  the fourth quarter, but TiVo Inc. TIVO.O may rise on news of  a development deal.
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LOS ANGELES (Dow Jones)--Gemstar-TV Guide International Inc. (GMST) posted a sharply wider third-quarter loss weighed down by a large impairment charge related to its TV Guide business.
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The Cablevision Systems Corporation, the countryâs third-largest cable operator, reported a loss of $23.9 million last quarter.
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One of the nationâs largest home builders posted a loss for its most recent quarter as it wrote down the value of its inventory.
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TiVo Inc.TIVO.O, maker of  digital television recorders, on Monday said its quarterly net  loss widened as it boosted spending to acquire customers, but  subscribers to its fee-based TV service rose sharply.
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Internet media software company  RealNetworks Inc. RNWK.O said on Wednesday posted a loss on  the continued cost of litigation against rival Microsoft Corp.  MSFT.O, but also posted record revenues.
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DirecTV Group, the largest satellite television programmer, has said that its loss widened considerably in the third quarter because of a one-time charge to write down the value of two satellites.