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.
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