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Personal TV recording service TiVo (TIVO) was up 4.9% after saying it will cut 80 jobs as part of a plan to trim spending by 35%, in an effort to eliminate the need for outside funding.

TiVo also said it was on track to meet revenue expectations for the fiscal year and that new subscriptions were exceeding analysts' expectations for the first quarter. The company plans to release a more detailed forecast today.