TiVo 2008 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2008 TiVo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 110

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

Table of Contents
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This annual report on Form 10-K contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as
amended, and section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to, among other things:
• our future investments in subscription acquisition activities, offers of bundled hardware and service subscriptions, advertising expenditures,
future use of consumer rebates, hardware subsidies, and other marketing activities and their impact on our total acquisition costs;
• our future earnings including expected future service and technology revenues and future TiVo-Owned and MSOs/Broadcasters average revenue
per subscription;
• expectations of the growth in the future DVR market generally, and the high definition market specifically;
• expectations of the growth of the TiVo service and technology outside the United States;
• our financial results, expected future cost savings from our recent reduction in headcount on November 18, 2008, expectations of future revenues
and profitability, and expectations for the future use of advertising trade credits;
• our expectations with respect to the possible future outcomes and the possible receipt of additional damages in our on-going litigation with
EchoStar;
• our expectations with respect to the timing of further rollout of the TiVo service on Comcast, the launch of the TiVo service on Cox and the
launch of the HD DIRECTV DVR with TiVo service;
• possible future increases in our general and administrative expenses, including expenditures related to lawsuits involving us;
• possible future increases in our operating expenses, including increases in customer support and retention expenditures;
• future subscription growth or attrition of both TiVo-Owned and MSOs/Broadcasters (such as Comcast, Cox, DIRECTV, Seven (Australia and in
the future New Zealand), and Cablevision (Mexico)) subscriptions;
• expectation of future technology and service revenues from MSOs/Broadcasters, such as Comcast, Cox, DIRECTV, Seven (Australia and in the
future New Zealand), and Cablevision (Mexico) and deployment of the TiVo service by them;
• our estimates of the useful life of TiVo-enabled DVRs in connection with the recognition of revenue received from product lifetime
subscriptions;
• expectations regarding the seasonality of our business and subscription additions to the TiVo service;
• our intentions to continue to grow the number of TiVo-Owned subscriptions through our relationships with major retailers;
• our estimates and expectations related to inventory and inventory-related write-downs and our possible utilization of such inventory reserves in
the future;
• our expectations related to future increases in advertising and audience research measurement revenues;
• our expectations related to changes in the cost of our hardware revenues and the reasons for changes in the volume of DVRs sold to retailers;
• our ability to fund operations, capital expenditures, and working capital needs during the next year;
• our ability to raise additional capital through the financial markets in the future;
• our ability to perform or comply with laws, regulations, and requirements different than those in the United States;
• our estimates and expectations related to investments in auction rate securities and their associated carrying value;
2