Tivo Issues Q2 Results, Updates on Strategic Alternatives | Light Reading

Says a ‘significant acquisition’ currently is not best way to deliver value to shareholders.

“We delivered a solid second quarter and we continue to stay ahead of our internal plan, including optimizing our costs. Additionally, the CEO transition has gone smoothly and we continue to make progress in our strategic review and have narrowed our focus in terms of the strategic alternatives we are evaluating,” said Raghu Rau, Interim President and Chief Executive Officer. “The company has a strong foundation to deliver profitable growth and stockholder value and we remain focused on execution and meeting our customers’ needs.” Mr. Rau added, “I am committed to remain as CEO as long as it takes to drive the strategic process to a logical, successful conclusion that maximizes stockholder value.”

Source: Tivo Issues Q2 Results, Updates on Strategic Alternatives | Light Reading

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