SAN FRANCISCO - Shareholders took Macrovision(MVSND Quote) down a notch Thursday after the company posted slower growth for the first quarter, missing Wall Street estimates.
But the heavy lifting of a merger and restructuring is largely behind it - and investors may have received an entry point, if they're willing to wait to reap the upside.
The stock was down 96 cents, or 5.9%, to $15.18 after the company said Wednesday that its traditional analog software business fell.
Yet Macrovision executives were upbeat on the conference call, coming off a just-completed a merger with Gemstar-TV Guide and a realignment of the core business around new digital software patents and integrated TV programming guides and services. Macrovision is in the process of selling off noncore product lines, including TV Guide magazine. ...
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