Back in the good old days, so the stories go, sea captains considered it a point of pride to go down with the ship. If only captains of industry had the same code.
Today, hapless TiVo
Heartwarming. But no less mealy-mouthed than the non-reason given by CEO Mike Ramsay when he announced his plans to jump ship a couple of weeks back. At least Ramsay could say he'd been around a while; Yudkovitz had been with the company less than two years.
TiVo may be a well-known brand. It may be part of the modern lexicon. But the unfortunate fact is that TiVo has been a colossal money pit for anyone who's believed in it from the start. This chart tells the whole tale. Things have gone from bad to worse for investors, as top-line growth has never been able to make up for enormous losses and share dilution. If I were a shareholder, I'd wonder what these folks were doing to earn their half a million bucks per year, plus half a million options. Now that TV recording has been duplicated by everyone from Comcast
From this Fool's seat, it looks like a last gasp for TiVo. With a new generation of Sony-
For related Foolishness:
- Rick Munarriz says that TiVo will bounce back, and makes other predictions.
- Alyce Lomax thinks TiVo is still looking ahead.
- TiVo to Go: Savior, or last grasp at the lifeline?
Seth Jayson prefers his fast-growing tech firms to actually grow, and to have a moat of some kind. At the time of publication, he had positions in no company mentioned. View his stock holdings and Fool profile here. Fool rules are here. TiVo is a Motley Fool Stock Advisor pick.