TiVo Raises $74 Million in Secondary Offering

Authored by Mark Hefflinger on January 27, 2004 - 2:29am.

San Jose, Calif. -- TiVo, a provider of digital video recorder services, announced on Tuesday that it has raised $74 million through a placement of 8 million shares with a group of institutional investors. San Jose, Calif.-based TiVo, whose technology allows viewers to pause and record live TV, said it will use the funds primarily to fund sales, marketing and customer acquisitions, and secondarily to fund research and development, capital expenditures and working capital.
http://biz.yahoo.com/prnews/040127/sftu076_1.html
http://www.tivo.com