May 25, 2001

TiVo shares soar on patent win

Author: JT Smith

The Standard: "Shares of TiVo Inc.
(TIVO.O) soared more than 70 percent on
Thursday, fueled by news the company had won
a patent for technology that allows the pausing
and recording of live television broadcasts, and
on higher first-quarter revenues.

The company's shares spiked to a session-high
of $8.75, the highest level since January,
although it remains far off its 52-week high of
$37.50. The stock closed at $8.50, up 72
percent."

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