TiVo Rolls Out Double-Duty DVR

The new box can record two shows at once.

Author:: Sandy Brown
Publish date:: Apr 25, 2006 4:56 PM EDT

Digital video recorder outfit

TiVo

said it is launching a digital video recorder that can record two shows at once.

The Alviso, Calif., company, which has seen a rebound lately after winning a landmark legal battle against satellite operator

Echostar

(DISH) - Get Report

, will launch its Series2 DT DVR May 1.

"We've been hearing from our subscribers that they wanted a TiVo DVR that could record two shows at once," said product marketing VP Jim Denney. "With the TiVo Series2 DT DVR, we've delivered that capability to our customers at a very affordable price."

After activation and rebate, the new product will retail at $100.

Earlier this month a federal jury in Texas awarded TiVo roughly $73 million for lost profits and royalties, sending shares up and sparking speculation that the company could become a takeover candidate.

The company had fallen out of favor with Wall Street as cable and satellite operators introduced their own DVR services.

Tivo shares rose 6 cents to close trading at $8.55 on Tuesday.