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Excerpted from CED, by Jeff Baumgartner


Putting some long-term viability questions to rest, TiVo Inc. said it has raised $74 million in a share offering to institutional investors.


TiVo said it plans to use the funds primarily to fuel sales, marketing and customer acquisitions, and to support R&D, capital expenditures and working capital.


TiVo, which has yet to score a cable agreement, reached the 1 million subscriber milestone in November 2003.
 
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