TiVo Appoints Stuart West to the Position of Acting Chief Financial Officer

TiVo Appoints Stuart West to the Position of Acting Chief Financial Officer

ALVISO, Calif., April 13 /PRNewswire-FirstCall/ -- TiVo Inc. (NASDAQ:TIVO), the creator of and a leader in television services for digital video recorders (DVR), today announced that it is appointing Stuart West to the position of Acting Chief Financial Officer, effective April 17, 2006. West, who has been with TiVo for more than five years, will retain his title of Vice President, Finance and is the only internal candidate for the permanent position of Chief Financial Officer.

"In his time at TiVo, Stuart has overseen our finance and accounting function, closely coordinated with our engineering and marketing teams and led our active investor relations function. Given this experience, it is natural for him to assume this position of acting CFO. I expect Stuart will make a significant contribution in his newly expanded role at TiVo and look forward to continuing to work closely with him," said Tom Rogers, Chief Executive Officer of TiVo.

Prior to joining TiVo, Stuart was a business development executive at venture-backed Silicon Valley software and service startups. Prior to that, Stuart was a Vice President at J.P. Morgan, where he managed mergers, IPOs, and other financings for technology companies. Stuart's other work experience includes Texas Instruments, the U.S. State Department, and the White House.

West replaces former CFO Dave Courtney, who announced in late 2005 his intention to leave the company after a transition period.

Founded in 1997, TiVo pioneered a brand new category of products with the development of the first commercially available digital video recorder (DVR). Sold through leading consumer electronic retailers, TiVo has developed a brand, which resonates boldly with consumers as providing a superior television experience. Through agreements with leading satellite and cable providers, TiVo also integrates its full set of DVR service features into the set-top boxes of mass distributors. TiVo's DVR functionality and ease of use, with such features as Season Pass(TM) recordings and WishList(R) searches, has elevated its popularity among consumers and has created a whole new way for viewers to watch television. With a continued investment in its patented technologies, TiVo is revolutionizing the way consumers watch and access home entertainment. Rapidly becoming the focal point of the digital living room, TiVo's DVR is at the center of experiencing new forms of content on the TV, such as broadband delivered video, music and photos. With innovative features such as, TiVoToGo(TM) and online scheduling, TiVo is expanding the notion of consumers experiencing "TiVo, TV your way." The TiVo(R) service is also at the forefront of providing innovative marketing solutions for the television industry, including a unique platform for advertisers and audience measurement research. The company is based in Alviso, Calif.

This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, TiVo's business, future executive hirings, or other factors that may affect future earnings or financial results. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance, as well as those factors described under "Factors That May Affect Future Operating Results" included from time to time in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2005 and the Company's Quarterly Report on Form 10-Q for the quarters ended April 30, 2005, July 31, 2005, and October 31, 2005. We caution you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. TiVo disclaims any obligation to update these forward-looking statements.

NOTE: TiVo, TiVoToGo, Series2, Season Pass, WishList, 'TiVo, TV your way.' and the TiVo Logo are trademarks or registered trademarks of TiVo Inc.'s subsidiaries worldwide.

Source: TiVo Inc.

CONTACT: Elliot Sloane of Sloane & Company, +1-212-446-1860, for TiVo

Web site: http://www.tivo.com/

-------
Profile: intent