TiVo 2004 Annual Report Download - page 17
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Table of Contents
Index to Financial Statements
PART II
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
Market Information for Common Equity
Our common stock has traded on the Nasdaq National Market under the symbol "TIVO" since September 30, 1999. Prior to that time, there was no
public trading market for our common stock. As of April 1, 2005, we had 1,041 stockholders of record.
The following table sets forth, for the periods indicated, the high and low sales prices of our common stock as reported by the Nasdaq National Market,
on any trading day during the respective period:
Fiscal Year 2005
High
Low
Fourth Quarter ended January 31, 2005 $ 6.79 $ 3.85
Third Quarter ended October 31, 2004 $ 7.34 $ 3.70
Second Quarter ended July 31, 2004 $ 9.12 $ 4.99
First Quarter ended April 30, 2004 $ 12.94 $ 6.94
Fiscal Year 2004
High
Low
Fourth Quarter ended January 31, 2004 $ 11.74 $ 6.11
Third Quarter ended October 31, 2003 $ 11.62 $ 7.12
Second Quarter ended July 31, 2003 $ 14.51 $ 5.71
First Quarter ended April 30, 2003 $ 6.49 $ 4.40
On April 1, 2005, the closing price of our common stock was $5.24 per share.
Dividend Policy
We paid no cash dividends during the fiscal year ended January 31, 2005 and we expect to continue our current policy of paying no cash dividends to
holders of our common stock for the foreseeable future.
Recent Sales of Unregistered Securities
On January 24, 2005, one noteholder tendered for conversion its notes in the aggregate principal amount of $4,500,000 at the then current conversion
price of $3.99 per share for a total issuance of 1,127,819 shares of the Company's common stock effective the same date. Prior to January 24, 2005, on
December 21, 2004 and January 19, 2005, the Company had previously issued 125,313 and 300,751 shares of its common stock to two noteholders upon
conversion of, respectively, $500,000 and $1,200,000 aggregate principal amounts of the Company's 7% Convertible Senior Notes due 2006 at the then
current conversion price of $3.99 per share. The issuance of these shares of common stock was exempt from registration pursuant to Section 3(a)(9) of the
Securities Act.
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