Add TiVo to the growing list of companies that are repurchasing their own stock after watching prices swoon. The DVR pioneer’s market value has fallen 25% over the last month to $912M. TiVo’s down more than the overall market; the benchmark S&P 500 fell 10% during the period. On Aug. 24, TiVo will speak with analysts about its earnings for the three-month period that ended in July.
ALVISO, CA — 08/12/11 — TiVo Inc. (NASDAQ: TIVO) today announced that its Board of Directors has authorized the repurchase of up to $100 million of its outstanding common shares over a period of two years. The share repurchase program will be funded through the Company’s existing cash. (more…)