TiVo (ticker: TIVO) which offers a subscription-based service that enables consumers to record, watch, and control television reported Q3 2006 results earlier this week. The following is a comment from TiVo CEO Tom Rogers during management's earnings results conference call:
One further announcement that we made today which also goes to the issue of the importance of the role of TiVo in the future of television relates to international expansion. DVRs are beginning to gain visibility as a consumer electronics offering in various international markets. As some of you may recall, with the help of outside investors we formed a joint venture called TGC, which is headed by a former senior TiVo employee. TGC., in which TiVo has a minority interest, was formed in part to offer the TiVo experience to consumers in greater China. TiVo has no cash obligations to fund the venture. Part of its mission is to penetrate certain Asian markets with TiVo units.
The first foray is into Taiwan which is the most highly-cabled market in Asia at well over 80% consisting almost entirely of analog basic subs. A TiVo product will be launched in retail and will be the first DVR made available to the Taiwanese market. A major announcement will be made in early December in Taiwan introducing it to the consumer market. Through TGC and other efforts we continue to focus on the potential for international expansion of the TiVo brand.
Comment: You can read the entire TiVo conference call transcript (including Q&A) here. For access to Seeking Alpha's growing list of conference call transcripts see here.
