TiVo, the most famous name in digital video recorders, but which has nonetheless never been able to translate its fame into profits, narrowed its loss 28 percent in the third quarter to $11.1 million versus a loss of $14.2 million during the same quarter a year ago. The result beat analysts' expectations. Nevertheless, TiVo had to increase its gross revenue 32 percent to achieve the result, taking in $65.6 million compared with $49.6 million a year earlier. Moreover, the company projected a net loss of $33-38 million in the fourth quarter, when it essentially gives away settop recorders via rebates in order to sign up new subscribers. Several analysts questioned the strategy and maintain that it will never allow TiVo to post a profit. "The company is burning a lot of cash and is showing little growth," Oppenheimer's Alan Bezoza told USA Today.Shares in the company fell more than 5 percent in after-hours trading Wednesday.