Thomas Hawk, actually sums up what I was thinking: What took the board so long to realize that Mike Ramsey wasn’t cutting it? Or in-fact the company’s business model hasn’t been working. Here is some back of the envelope calculations: total revenues as a public company, $260 million. Total devices sold, about 2 million or roughly $130 a device. Total (net) losses by TiVo as a public company – $514 million. That’s half-a-billion smackers! Loss per device, about $257. Do the math – draw your own conclusions! And now they want to change their business model to something else.
with the kind of mindshare that TiVo has, especially with the digirati, it is amazing that they still have only 2+ million subscribers/box owners. Maybe they should have gone the route of ReplayTV (now defunct) and just sold a box which would only get cheaper a la DVD players from China: at an optimal price point of $75.