Mike Ramsay, co-founder and former CEO, leaves Tivo

Discussion in 'TiVo Coffee House - TiVo Discussion' started by SeattleBrad, Sep 6, 2007.

  1. Sep 6, 2007 #1 of 28
    SeattleBrad

    SeattleBrad Pusher of Buttons

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  2. Sep 6, 2007 #2 of 28
    MickeS

    MickeS Active Member

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    Eek.

    "he will continue to provide services to the Company as a consultant focused on technology and other issues"

    = we'll continue to pay him. :)
     
  3. Sep 6, 2007 #3 of 28
    BlackBetty

    BlackBetty I

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    I wonder if this really means anything.
     
  4. Sep 6, 2007 #4 of 28
    DLR

    DLR New Member

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    Yes, it means people "in the know" are manning the lifeboats and getting out while they can :eek:
     
  5. Sep 6, 2007 #5 of 28
    jlb

    jlb Go Pats!

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    From the article:


    As we previously disclosed, we expect to incur approximately $3 million in non-cash stock-based compensation expense in connection with the agreement during our quarter ending October 31, 2007.
     
  6. Sep 6, 2007 #6 of 28
    vman41

    vman41 Omega Consumer

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    What does that mean? What are the expenses of stock-based compensation?
     
  7. Sep 6, 2007 #7 of 28
    jmoak

    jmoak Beware of Conky!

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    printing cost.
    ;)
     
  8. Sep 6, 2007 #8 of 28
    cowboys2002

    cowboys2002 Well-Known Member

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    The difference between what the options are priced at vs. how much they are worth?

    If you give stocks as compensation, it is an expense either when they are granted, or when they are exercised, correct?
     
  9. Sep 6, 2007 #9 of 28
    ZeoTiVo

    ZeoTiVo I can't explain

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    People in the know know that Ramsey handed the decision/deal making over to Rogers long ago. This is just another classic example of a tech inspired entrepreneur handing the reigns off to the business people after the fun is done and it becomes more grind it out business strategy than anything else at the top.
    I say so long and thanks for all the fish :up:
     
  10. MediaLivingRoom

    MediaLivingRoom New Member

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    It means bad things are coming. Over the last 3 years were trouble and this is a way to get out. Next sell the company for cheap to GE (NBC), CBS Corporation, or Disney (ABC).
     
  11. BlackBetty

    BlackBetty I

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    Thanks Chicken Little.
     
  12. MickeS

    MickeS Active Member

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    I am SHOCKED that you think so. :D
     
  13. jlib

    jlib Lean Forward

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    Carmel...
    Other than the minor stock dilution it is not a significant event.
     
  14. Phantom Gremlin

    Phantom Gremlin Active Member

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    I don't know if it was Ramsay, but someone at the early TiVo had vision. The concept of a computer based VCR wasn't new. And the technology was there. But someone managed to define and develop a product that did more, much more, than most people thought could be done. Someone built a product that was much more than the sum of its parts.

    Was Ramsay the visionary?

    Maybe he's leaving because nobody at TiVo cares about vision any more. Maybe he's leaving because Rogers is making dumb decisions and he's powerless to influence him. Only one person knows for sure, and that person didn't give any reasons for his departure in the Form 8-K filed with the SEC.
     
  15. jlib

    jlib Lean Forward

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    Carmel...
    From the Form 8-K: "Mr. Ramsay has been named to the post of Venture Partner at New Enterprises Associates, a leading Silicon Valley venture capital firm..."
     
  16. ZeoTiVo

    ZeoTiVo I can't explain

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    Ramsay was the tech visionary along with others from the initial days. He figured out how to do a cheaper DVR due to the patented media switch technology that makes recording shows and playing them back easier to do in inexpensive hardware. Ramsay was never big on the business deals and typical running a company tasks. He most likely did not want much influence over Roger's but performed a long smooth transition of Rogers in and Ramsay moving on after reaping his profit from the venture. This is just along planned end point for the tech entrepreneur to move on.
    Rogers finished the deal with Comcast, UNBOX and that New Zealand deal that he is most likely now working on doing in Europe. He lit a fire under TiVo that got the S3 out and then even quicker pumped the TiVo HD out the door.

    and as pointed out by Jlib the reason was to go full time with a venture firm but he will still lend his tech visions to TiVo.
    so now that your questions are answered, what do you think?
     
  17. Phantom Gremlin

    Phantom Gremlin Active Member

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    I disagree with your implication that the above is why Ramsay left TiVo.

    The above is what he is doing after TiVo, it is not necessarily the reason why he left.

    People quit jobs for a variety of reasons, but let's pretend there are only two:

    1) your job sucks
    or
    2) a great opportunity comes along

    For all we know, Ramsay quit because his job sucked (and we don't know the reason(s) why his job sucked). He didn't necessarily quit because a great opportunity came along.
     
  18. MichaelK

    MichaelK Active Member

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    or 3) you made enough and it's time to retire.

    (not saying that's what he's doing but myself if i had a pile of scratch like him I'd be done with the whole getting up in the morning to go to work thing....)
     
  19. bicker

    bicker bUU

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    If it were Rogers, I'd be more concerned. :)
     
  20. jlib

    jlib Lean Forward

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    Carmel...
    Right! Ramsey has not been on the executive staff for a couple years now. One of his buds on the board is from the same VC firm he eventually ended up at. It is pretty obvious what happened. Even more easy to understand since as ZeoTiVo points out this is a classic scenario. The rich, bored, technically oriented entrepreneur parachutes out to do things he really likes. One thinks of Wozniak at Apple and Bosack at Cisco...
     

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