Replies to post #540 on TiVo (TIVO)

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This is fantastic news!

Broadcom Powers TiVo's New Ultra HD Set-top Box Solution

8:00 AM ET 9/11/14 | PR Newswire

IBC 2014 --

News Highlights:

-- Expands TiVo's advanced integration of linear TV, on demand and over-the-top (OTT) streaming content onto Broadcom's latest platforms

-- Brings TiVo experience to an Ultra HD-ready platform, critical as 4k content becomes more widely available

-- Broadcom decoding delivers vivid live-action viewing with 60 frames-per-second resolution and 10-bit color for Ultra HD content

Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced it will power TiVo's Ultra HD set-top box technology. Broadcom and TiVo (NASDAQ: TIVO), a global leader in the advanced television entertainment market, will demonstrate TiVo's new Ultra HD set-top box technology that can deliver 4X the resolution of traditional 1080p60 HD displays at IBC, September 12-16, RAI Amsterdam, in Broadcom's booth 2.C25. For more news, visit Broadcom's Newsroom.

"This new offering builds on the ongoing collaboration between Broadcom and TiVo, including our work on the TiVo(R) Series4 and TiVo Roamio(TM) DVRs," said Rich Nelson, Broadcom Senior Vice President of Marketing, Broadband & Connectivity Group. "As a leading provider of silicon for Ultra HD technology, Broadcom's BCM7445 SoC will allow TiVo to display life-like resolution speeds of 60 frames per second (4Kp60) and richer color gradation with the10-bit Rec 2020 color standard."

"TiVo is committed to bringing the ultimate viewing experience to our customers, delivering all video content to any room and any screen with the only user experience that allows consumers to easily discover content whether it is linear, On Demand, or over-the-top. With Broadcom, we can deliver the stunning picture quality and color clarity of Ultra HD to our subscribers worldwide," said Jeff Klugman, Executive Vice President, General Manager of Products and Revenue, TiVo. "Demonstrating our 4k capabilities with Broadcom at IBC marks an important next step in our bringing Ultra HD to consumers everywhere."

Broadcom and TiVo Demonstration Details

-- Decoding provided by Broadcom's flagship video decoder system-on-a-chip (SoC), the BCM7445, with high efficiency video codec (HEVC) compression, 60 frame-per-second resolution and 10-bit color standard

-- TiVo's TV Everywhere and multi-room solutions feature an award-winning user interface and access to integrated linear TV, On Demand and OTT streaming content all in one simple search

Availability

Broadcom's BCM7445 Ultra HD SoC is currently in volume production.

About Broadcom

Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500(R) company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom(R) products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip solutions, Broadcom is changing the world by connecting everything(R). For more information, go to www.broadcom.com.

Broadcom(R), the pulse logo, Connecting everything(R) and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. TiVo and Roamio are trademarks or registered trademarks of TiVo Inc. and its subsidiaries worldwide. Any other trademarks or trade names mentioned are the property of their respective owners.

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Contacts Press Investors Sameer Desai Isa Loundon T. Peter Andrew Director, Investor Relations Manager, Communications Vice President, Treasury & Investor Relations 949-926-4425 408-922-7877 949-926-6932 [e-mail] [e-mail] [e-mail]

Cautions Regarding Forward-Looking Statements:

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, TiVo's future set-top box technology enabling the delivery of streaming and linear 4K video content. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "may," "will," "would," "intend," "plan," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause TiVo's actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance, as well as the other potential factors described under "Risk Factors" in TiVo's public reports filed with the Securities and Exchange Commission, including TiVo's Annual Report on Form 10-K for the fiscal year ended January 31, 2014, TiVo's Quarterly Report on Form 10-Q for the periods ended April 30, 2014 and July 31, 2014, and Current Reports on Form 8-K. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. TiVo disclaims any obligation to update its forward-looking statements contained in this release.

SOURCE Broadcom Corporation; BRCM Broadband & Cable

[starbuxsux]

TiVo Announces Proposed Private Offering of $200 Million Convertible Senior Notes Primarily to Fund Additional Share Repurchases

The notes will be available in a private offering and they mature in 2021.

TiVo (NASDAQ:TIVO) intends to use the proceeds for the repurchase of up to 15.47M shares, along with the immediate repurchase of $50M of stock from one of the buyers of the convertible offering.

These repurchases are separate from the company's previously announced $350M buyback program.

Mon September 15, 2014 4:01 PM|Marketwire | About: TIVO
SAN JOSE, CA -- (Marketwired) -- 09/15/14 -- TiVo Inc. (TIVO) announced today that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of Convertible Senior Notes due 2021 in a private offering. The notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. TiVo also expects to grant the initial purchasers of the notes an over-allotment option to purchase up to an additional $30 million aggregate principal amount of notes.

TiVo intends to use the net proceeds from the offering of the notes (i) for general corporate purposes, including share repurchases representing up to 15.47 million shares (including the concurrent repurchase described in (ii) below), (ii) to fund the immediate repurchase of up to $50 million of common stock in privately negotiated transactions through one of the initial purchasers conducted concurrently with the pricing of the notes, and (iii) to fund the cost of convertible note hedge transactions (after such cost is partially offset by the proceeds that TiVo receives from entering into the warrant transactions) with certain hedge counterparties, as described below. Any repurchases funded by the proceeds of this offering are separate from TiVo's previously announced $350 million share repurchase program.

The notes will be convertible into cash, shares of TiVo's common stock, or a combination thereof, at TiVo's election. The interest rate, conversion rate and offering price are to be determined by negotiations between TiVo and the initial purchasers of the notes.

TiVo also expects to enter into convertible note hedge transactions with counterparties that may include the initial purchasers and/or their affiliates (the "hedge counterparties"). TiVo also intends to enter into separate privately negotiated warrant transactions with the hedge counterparties. These convertible note hedge transactions are expected to reduce the potential dilution with respect to TiVo's common stock upon conversion of the notes or offset any cash payments TiVo is required to make in excess of the principal amount of converted notes, as the case may be, upon any conversion of notes; however, the warrant transactions could have a dilutive effect with respect to TiVo's common stock to the extent that the market price per share of TiVo's common stock exceeds the strike price of the warrants. The effect, if any, of these activities on the market price of TiVo's common stock or the notes will depend on a variety of factors, including market conditions, and cannot be ascertained at this time.

TiVo has been advised that, in connection with establishing their initial hedge positions with respect to the convertible note hedge and warrant transactions, the hedge counterparties and/or their affiliates expect to purchase shares of TiVo's common stock or enter into various derivative transactions with respect to TiVo's common stock concurrently with, or shortly after, the pricing of the notes. These hedging activities could increase (or reduce the size of any decrease in) the market price of TiVo's common stock or the notes.

In addition, the hedge counterparties may modify their hedge positions (and are likely to do so during the conversion period related to any conversion of notes or following any repurchase of notes by TiVo on any fundamental repurchase date or otherwise) by entering into or unwinding various derivatives with respect to TiVo's common stock or purchasing or selling common stock or other securities of TiVo in secondary market transactions following the pricing of the notes and prior to the maturity of the notes.

This announcement is neither an offer to sell nor a solicitation to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

The notes and any common stock issuable upon conversion of the notes have not been registered under the Securities Act of 1933, as amended, or under any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements include statements relating to, among other things, the proposed public offering of the convertible senior notes, the expected use of the net proceeds and TiVo's plans to enter into privately negotiated convertible note hedge and warrant transactions. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include the risk that the offering of the convertible notes cannot be successfully completed and the risk these activities could increase or decrease the price of the relevant notes and/or the value of TiVo's common stock concurrently with, or shortly after, the pricing of the relevant notes, as well as the other potential factors described under "Risk Factors" in TiVo's public reports filed with the Securities and Exchange Commission, including TiVo's Annual Report on Form 10-K for the fiscal year ended January 31, 2014, Quarterly Reports on Form 10-Q for periods ended April 30, 2014 and July 31, 2014, and Current Reports on Form 8-K. TiVo cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. TiVo disclaims any obligation to update these forward-looking statements.

Contacts:
Investor Relations
Derrick Nueman
408-519-9677
[e-mail]

Media Relations
Joe McGurk
Sloane & Company
212-446-1874
[e-mail]

Source: TiVo Inc.