TiVo Finally Makes a Profit!

Great news today for the TiVo folks. Despite the drastic increase in both open-source and commercial PC DVR software, today TiVo was able to announce their very first profit. They walked away with a second-quarter net income of $240,000. Compared to the same period last year, it’s a sharp increase. In second the second quarter of 2004 TiVo has a net loss of $10.8 million. What a comeback. Maybe they can spend some of that money whipping up a Tiger-compatible version of TiVo Desktop?

Read More | Yahoo! Business via PVRWire