TiVo 2005 Annual Report Download - page 39

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Table of Contents
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDERS MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES.
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 3, 2006, we had 1,118 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 2006 High Low
Fourth Quarter ended January 31, 2006 $ 6.06 $ 4.73
Third Quarter ended October 31, 2005 $ 6.24 $ 4.56
Second Quarter ended July 31, 2005 $ 7.75 $ 5.05
First Quarter ended April 30, 2005 $ 6.89 $ 3.45
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
On April 3, 2006, the closing price of our common stock was $7.28 per share.
Dividend Policy
We paid no cash dividends during the fiscal year ended January 31, 2006 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 August 10, 2005 six warrant holders tendered for conversion their warrants in an aggregate principal amount of $244,000 at the then current
conversion prices of $5.00 per share for a total issuance of 51,547 shares of the Company's common stock effective the same date. Prior to August 10, 2005,
on June 16, 2005 and June 30, 2005, the Company had issued 86,114 and 200,529 shares of its common stock to six and two warrant holders upon conversion
of, respectively, $245,000 and $611,000 aggregate principal amounts.
On January 24, 2005, one note holder 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.
ITEM 6. SELECTED FINANCIAL DATA.
The following selected financial data as of and for the fiscal years ended January 31, 2006, 2005, 2004, 2003, and 2002, respectively, have been derived
from our consolidated financial statements audited by KPMG LLP, independent registered public accounting firm. These historical results are not necessarily
indicative of the results of operations to be expected for any future period.
The data set forth below (in thousands, except per share data) should be read in conjunction with Item 7. "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and the consolidated financial statements included in Item 8. "Financial Statements and Supplementary Data."
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