"TiVo, Inc. (NASDAQ: TiVo) was incorporated on August 4, 1997 as "Teleworld, Inc." by Jim Barton and Mike Ramsay, veterans of Silicon Graphics and Time Warner's Full Service Network digital video system. Originally intending to create a home network device, they later developed the idea to record digitized video on a hard disk.
Teleworld began the first public trials of the TiVo device and service in late 1998 in the San Francisco Bay area.[1] After exhibiting at the Consumer Electronics Show in January 1999, Mike Ramsay announced to the company that the first version of the TiVo digital video recorder would ship on March 31, 1999, despite an estimated four to five months of work remaining to complete the device. Because March 31, 1999 was a blue moon, the engineering staff code named this first version of the TiVo DVR "Blue Moon".[2]
Teleworld, Inc. renamed themselves to TiVo, Inc. on July 21, 1999. TiVo, Inc. made its IPO (Initial Public Offering) on September 30, 1999.[3] Its first profitable quarter was the second quarter of 2005.[4]
The original TiVo device digitized and compressed analog video from any source (antenna, cable or direct broadcast satellite). In late 2000, Philips Electronics introduced the DSR6000, the first DirecTV receiver with an integrated TiVo DVR. This new device, nicknamed the "DirecTiVo," stored digital signals sent from DirecTV directly onto TiVo's hard disk.
In early 2000, TiVo partnered with electronics manufacturer Thomson Multimedia and broadcaster British Sky Broadcasting to deliver the TiVo service in the UK market.[5] This partnership resulted in the Thomson PVR10UK, a stand-alone receiver released in October 2000 that was based on the original reference design used in the United States by both Philips and Sony. TiVo ended UK sales in January 2003, though they continue to supply guide data to existing subscribed units.[6]"
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