Stock Focus8/11/2002 8:00 PM Eastern
TiVo shares surged 25.5 percent in the three days leading to Aug.7, after the company reported better than expected growth. The Sunnyvale, Calif.-based maker of digital video recorders doubled its revenue projections for the second quarter, fueled by $12 million in additional licensing and professional-services revenue, as well as revenue from a previously announced licensing agreement. On the news, TiVo stock surged 29 percent, or 76 cents, on Aug.7. Since Aug. 2, the stock has gained 68 cents, or 25.5 percent.