TiVo CEO To Resign
According to this article, TiVo’s CEO Mike Ramsay is going to resign.
Ramsay, who has served as TiVo’s CEO since its founding in 1997, has successfully led the company as it introduced the industry’s first digital video recorder to the marketplace, revolutionizing the way people watch TV today. Under his leadership, TiVo has become a household brand, while also offering the media industry a platform for advertising, content delivery and audience research. As of October 31, 2004, there were over 2.3 million subscriptions to the TiVo service.
Who will become the new CEO?
January 12th, 2005 at 11:17 am |
Although one of the first successful PVRs to market with a brand name that has become synonymous with PVR functionality, over the past few years many have criticized Ramsay for being unable to properly market, define and delineate the TiVo experience among what is seen as a growing crowded field of significant competitors in the PVR marketplace. And even as the firm has had subscriber growth over the past year, many people have criticized this growth as mostly coming from their DirecTV partner who most recently has been announcing and promoting their own competitive DVR product.
Although many technology stocks fared poorly in the recent bear market, under Ramsay TiVo’s stock has done particularly poorly. TiVo was trading at around $57 per share at the top of the market and today sits at about $4 per share having lost over 50% of it’s value over the last year and over 30% of it’s value just since January 1st when most technology stocks have been recovering.
All I have to say about this decision out from TiVo this morning is
1. It’s about friggin’ time!
and
2. How come you’re keeping the bozo around as your Chairman?
The challenge will be for the already cash strapped TiVo to find a suitable replacement without giving away the farm. If Ramsay’s involved in choosing his replacement, don’t worry, he will probably screw this up to.
January 12th, 2005 at 11:28 am |
Tivo CEO Resigns
Tivo CEO Mike Ramsay announced his resignation today, saying he’ll stay as CEO until a successor is found. He’ll also stay on as Chairman of the Board. That’s going to be the big story of the day for the DVR…
January 12th, 2005 at 2:37 pm |
Hopefully the new CEO will see the importance of the CableCard unit and get it rolled out quicker than ‘early 2006′
January 12th, 2005 at 7:24 pm |
Tivo’s CEO Resigns
According to TivoBlog, TiVo CEO Mike Ramsay is resigning. Ramsay has been TiVo’s CEO since its founding in 1997. His greatest achievements during that time have to be effectively establishing a new marketplace with TiVo and making it the brand name i…