Commentary: TiVo changes, its stock remains the same

June 03, 2008 That's long after the Internet bubble burst and a few months after the Nasdaq bottomed. The stagnant stock price is remarkable when one considers that TiVo went from about 300,000 subscribers then to almost 4 million now. Investors, in fact, would have done much better if they had picked up shares of such slower-growing competitors as Comcast, up 43% since November 2002, or Western Digital (up 356%), or NDS Corp. (up 748%). Or even Dish Network, up 93% since November 2002 and much of the reason Wall Street has been punishing TiVo.

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