Stock Market Chumps........10-04-06

TiVo Inc. (TIVO)

Last Trade:	6.67
Trade Time:	4:00PM ET
Change:	0.85 (11.30%)

Shares of TiVo Inc. fell in premarket trading Wednesday, a day after EchoStar Communications Corp. was granted a stay on an injunction that would have banned it from making or selling DVR products in the U.S., in connection with ongoing litigation between the two.

Shares of digital video recording provider TiVo fell 40 cents, or 5 percent, to $7.12 in premarket trading. The stock has traded between $4.56 to $9.49 in the past 52 weeks and is up about 47 percent from the beginning of the year.

TiVo said the stay, granted by an appellate court, postpones the ban pending the outcome of satellite TV provider EchoStar's appeal. TiVo sued EchoStar in January 2004, alleging that EchoStar breached a TiVo patent relating to the storage and playback of television programming. In August, a judge issued the injunction against EchoStar and ordered it to pay $89.6 million in damages to TiVo.

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In a client note, Bear Stearns analyst Kunal Madhukar cut his rating on TiVo to "Underperform" from "Peer Perform" and said uncertainty related to the litigation process is likely to continue for one to two years.

Complications from partnering initiatives, subscriber losses and increasing DVR competition could further tax TiVo shares as the company struggles to become profitable, the analyst added.

Armor Holdings Inc. (AH)

Last Trade:	54.09
Trade Time:	4:00PM ET
Change:	5.79 (9.67%)

Armor Holdings Cuts Outlook for 3rd Quarter Profit on Delayed Revenue

Military contractor Armor Holdings Inc. on Wednesday cut its third-quarter profit forecast after expected revenue from vehicle-armor contracts was delayed and spare parts volume was lower than expected.

Armor, which makes body armor and combat vehicles, now expects earnings of between 55 cents and 65 cents per share, down sharply from its previous forecast of 75 cents to 80 cents per share.

Analysts polled by Thomson Financial are looking for net income of 80 cents per share.

"The revised outlook primarily reflects the timing of revenue associated with ground vehicle supplemental armor programs for the M1114 Up-Armored HMMWV," as well as other soldier equipment programs, the company said in a statement. Armor Holdings now expects to ship the products in the fourth quarter and next year.

The contractor also cut its full-year forecast to a range of $3.55 to $3.65 per share from previous guidance of $3.75 to $3.85 per share to reflect the lower third-quarter outlook.