TiVo Seeks Up to $100 Million

SAN FRANCISCO – Digital video recorder provider TiVo Inc. filed papers Tuesday saying it will sell up to $100 million in debt securities, preferred and common stock and other securities.

In a shelf registration with the Securities and Exchange Commission, the company said it would use the proceeds for the expansion and development of its business, which may include research, sales and marketing, capital expenditures or debt reduction.

Aside from breaking even one quarter, TiVo, a pioneer and the best known brand of DVRs, has struggled to become profitable while battling intensifying competition from cable and satellite TV operators.

In its fiscal second quarter, which ended July 31, the Alviso-based company posted a wider-than-expected net loss of $17.7 million, or 18 cents per share.

TiVo’s market capitalization is about $603.6 million. Its stock closed Tuesday at $6.15, up 20 cents or 3 percent.