Probably, s/he's just frustrated that TIVO - in an eventful year where they settled at least one big lawsuit - went nowhere and shows signs of more of the same in 2014. That is, it very much underperformed as a stock.
But talk about someone needing a reality check. Not only is $10 way closer than $100, it's painfully easy to see the path that will take it to that lower number, just as it was with Blackberry a year or 2 ago, and depending on how good your vision was in that case, you could have put a short on at $75 or 55 or 35, etc., and if you had the courage of your convictions, it probably got down to $6 before finally (maybe) bounding up to 8 or 9.
TIVO is selling yesterday's newspapers, and that seldom works out well. That is, set top boxes are painfully clearly en route to 8-track or buggy whip status. PLUS, it's dependent on a control freak of an industry - cable - and the terms of their contracts have - forever - told anyone with a brain that even when dealing with Podunk Cable Company, TIVO gets table scraps. Sure, if they got those little payments for 20 years on enough customers, they'd have a good business, but ... is there anyone who thinks that will happen?
Meanwhile Goldman got a kind of scoop - analysts hate to go negative, but every once in a while they do their job - knowing that short-term (which they alluded to), TIVO's position re its cable customers has gotten grim ... at the same time that they brought to market a product that didn't catch on. So they'll write what must have been a HUGE investment down - or not, but the analysts will see it coming - and they'll start to beat a drum about "the cloud," where they'll get to go toe-to-toe with Amazon, Google, Apple, etc.