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TiVo Widens Loss

Stock quotes in this article: TIVO , CMCSA  

TiVo (TIVO Quote) posted a wider-than-expected loss in the second quarter because of an inventory-related writedown.

The Alviso, Calif.-based digital video-recorder company on Wednesday said it lost $17.7 million, or 18 cents a share, during the quarter, compared with profit of $6.45 million, or 7 cents a share, the year before.

Income included a combined inventory writedown and inventory purchase commitment charge of $11.2 million. ...

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