TiVo Co-Founder Steps Down As CEO

TiVo CEO and Co-Founder Mike Ramsay, 55, has announced he will step down as CEO, a position he held for eight years, after a successor is in place. TiVo has been under the gun from cable and satellite operators who have been building their own, non-TiVo technology into set top boxes. On a brighter note, TiVo recently launched TiVoToGo, a product that enables TiVo users to transfer recorded programming to their computers and portable media players. Ramsay says his move has been in the works for some time and is not in reaction to any particular event.