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Investors show no mercy to Rovi (ROVI -40.6%) over its huge Q2/2012 warning, which had much to...
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Wednesday, July 18, 2012, 11:06 AM ETInvestors show no mercy to Rovi (ROVI -40.6%) over its huge Q2/2012 warning, which had much to do with delayed patent licenses. Shares are now at levels last seen in 2008. Cowen and Barrington have downgraded shares to Neutral in response. Brean Murray is reiterating a Buy on a belief shares are oversold, but has cut its PT nearly in half, and claims Rovi "has been a slow moving train wreck" ever since its acquisition of Sonic Solutions, which closed early last year.
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