TiVo (TIVO -1%) opened lower on news of top customer Virgin Media's M&A talks with Liberty...

|About: TiVo Inc. (TIVO)|By:, SA News Editor

TiVo (TIVO -1%) opened lower on news of top customer Virgin Media's M&A talks with Liberty Global, but has since recouped most of its losses. The fact Liberty uses a proprietary DVR solution for its pay-TV networks has some investors on edge. Janney's Tony Wilbe (a long-time TiVo bull) argues a merger shouldn't affect TiVo's existing contract with Virgin, and suggests the company has a good relationship with John Malone. But not everyone is convinced.