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The end of the Internet stock bubble would also seem to mean the end of the "story stock"--those shares that trade at lofty prices on the basis of their imagined potential. But there's at least one company that has still managed to retain an enormous gap between the hypothetical future and the unspectacular reality: TiVo, the maker of interactive television devices that give a couch potato greater control over programming.
That may sound like what video recorders were doing a couple of decades ago but, to be fair, TiVo's technology is different. It uses not tape but computer hard-disk memory, which means you can watch and rewind even as you're recording. If that doesn't sound spectacular, you're out of touch with the market. Recently the granting of TiVo's patent, a fairly routine event, nevertheless sent shares soaring 40 percent.
Sure, ...