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Jeff Baumgartner
Jeff Baumgartner,
User Rank: Light Sabre
5/10/2019 | 9:13:28 AM
Color from the TiVo call
As a follow-on, here are some bullet points from yesterday's earnings call, per the Seeking Alpha transcript.

-By separating out the IP licensing biz, TiVo believes it can take a "customer-first" strategy with its product biz, Rau said. "As a stand-alone business, we believe we will see greater acceptance from service providers, content providers and device manufacturers to further scale our business."

-TiVo was pressed on why it would split the company and go through that extra cost and effort if it's already engaged with other parties interested in both sides of the business? "We have decided on this path as the best way to create value for our shareholders," Rau said. "We don't think we lose any flexibility by taking the steps we announced today regardless of where those discussions end up."

-Some stats from the product group – 15 million homes with the company's "classic" guide, 7 million TiVo platform homes, and a search and rec footprint of more than 30 million homes. 56 customers now on board to deploy TiVo User Experience 4, and 55 of them have already begun deployments of it.

-Rau's color on how the IP licensing biz will have the operational freedom to "pursue a broader horizontal licensing strategy" after the split – "This business will be able to pursue an independent strategy, innovating around the new frontiers of video entertainment developing beyond our traditional product footprint, and helping to usher in the next phase of the consumer's video and communications experience."

-Not much in the way of an update on the Comcast litigation – "As I have said in the past, TiVo is fully committed to protecting its intellectual property from unauthorized use and we expect Comcast will eventually pay a license for our innovations, just as its Pay-TV peer companies do, and as Comcast itself has done in the past," Rau said.

Rau said the separation will have no impact on the litigation with Comcast – that part will reside with the licensing part of the business.

In the latest ITC action against, TiVo expects a prelim ruling from the admin law judge toward the end of Q2, and a final ruling in Q4. – JB


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