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  "documentTitle": "Rovi Corporation (ROVI)",
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  "authorName": "Engaged Capital",
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  "presentationDate": "2015-04-22 00:00:00",
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      "text": "ROVI is selling investors HOPE its new strategy will work despite limited tangible evidence",
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      "text": "Severe stock underperformance; No material revenue growth until 2017; Talk is cheap; Cost reductions reinvested; Margin decline; 74% shareholder support for unopposed directors; Product development issues; Veveo write down by ~50%.",
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      "text": "ROVI admits \"Fan TV has enabled ROVI to close down its connected guide operations and replace the team\" indicating ROVI’s internal connected guide investments were not successful and needed to be scrapped — ROVI",
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      "text": "Source: company SEC filings, FactSet 1. ROVI 2014 10K",
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