TiVo 2015 Annual Report Download - page 15

Table of Contents
ITEM 1A. RISK FACTORS
In addition to the other information contained in this Annual Report on Form 10 - K , you should consider carefully the following risks. This list is
not exhaustive and you should carefully consider these risks and uncertainties before investing in our common stock. If any of these risks occur, our
business, financial condition or operating results could be adversely affected.
If we fail to develop and timely deliver innovative technologies and services in response to changes in the technology and entertainment industries, our
business could decline.
The markets for our products, services and technologies are characterized by rapid change and technological evolution. We will need to continue
to expend considerable resources on research and development in the future in order to continue to design and deliver enduring, innovative entertainment
products, services and technologies. Despite our efforts, we may not be able to develop timely and effectively market new products, technologies and
services that adequately or competitively address the needs of the changing marketplace. In addition, we may not correctly identify new or changing market
trends at an early enough stage to capitalize on market opportunities. At times, such changes can be dramatic, as were the shift from VHS videocassettes to
DVDs for consumer playback of movies in homes and elsewhere and the transition from packaged media to internet distribution. Our future success
depends to a great extent on our ability to develop and timely deliver innovative technologies that are widely adopted in response to changes in the
technology and entertainment industries and that are compatible with the technologies, services or products introduced by other entertainment industry
participants.
Despite our efforts and investments in developing new products, services and technologies:
Our failure to successfully develop new and improved products, services and technologies, including as a result of any of the risks described
above, may reduce our future growth and profitability and may adversely affect our business, results and financial condition.
Our competitors may be able to respond more quickly to new or emerging technologies and changes in customer requirements than we do, which could
reduce demand for our products or services or render them obsolete and if competition increases or if we are unable to effectively compete with existing
or new competitors, the result could be price reductions, fewer customers and loss of market share, any of which could result in less revenue and harm
our business.
Our IPGs face competition from companies that produce and market program guides as well as television schedule information in a variety of
formats, including passive and interactive on - screen electronic guide services, online listings, over the top applications, printed television guides in
newspapers and weekly publications, and local cable television guides.
Our IPG products also compete against customers and potential customers who choose to build their own IPG, including both those who do and
those who don't elect to license our patents.
We believe that our set - top box digital - to - analog copy protection, DVD digital - to - analog copy protection and videocassette copy protection
systems currently have limited competition. It is possible, however, that alternative copy protection technologies could become competitive. Additionally,
new competitors or alliances among competitors may emerge and rapidly acquire significant market share in any of these areas. It is also possible that the
overall demand for copy protection systems may decline more quickly than anticipated.
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we cannot assure you that the level of funding and significant resources we are committing for investments in new products, services and
technologies will be sufficient or result in successful new products, services or technologies;
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we cannot assure you that our newly developed products, services or technologies can be successfully protected as proprietary intellectual
property ("IP") rights or will not infringe the intellectual property rights of others;
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we cannot assure you that any new products or services that we develop will achieve market acceptance;
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our products, services and technologies may become obsolete due to rapid advancements in technology and changes in consumer
preferences;
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we cannot assure you that revenue from new products, services or technologies will offset any decline in revenue from our products,
services and technologies which may become obsolete; and
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our competitors and/or potential customers may develop products, services or technologies similar to those developed by us, resulting in a
reduction in the potential demand for our newly developed products, services or technologies.