"Fake it till you make it" is a fine mantra for alcoholics and drug addicts on the mend, but not much to base a business on, really. But my hat is off to TiVo's ability to continually ignore reality.
TiVo bled another 178,000 subscribers during the three months ending July 31, 2008. That's even worse than the year ago quarter where it "only" lost 145,000 subscribers for the quarter. TiVo has now had about eight consecutive quarters of subscriber losses. I'm sure Mr. Gorman will weigh in on this with pretty charts sometime soon, in the meanwhile, you can read TiVo doing what it does best: painting sunshine and blue skies where rain is falling.
But hey, it is a lovely day in the San Francisco Bay area.
Bill is quick: here's the latest chart -- the 178,000 was the most net subscribers lost for TiVo during any quarter in its history (and again, it's now bled subscribers 8 quarters running).