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post from another board by safari norman
Hi sobeit,
i bought 65,000 Blinkx this morning
in 3 lots at 30,000/20,000/15,000 total 65,000
the reason is i am 100% certain SC will see Blinkx taken over within 2 years.
The big buying you saw and mentioned was BlackRock.
As far as ML and SC getting together that is now gone unless HP take over Blinkx,
which i do not think they will do, it is more likely they HP sell their holding in Blinkx to pay for part of their takeover of AU, this is normal practice, i have seen it so often.
The other thing as you say there may be a counter bid for AU.
Then there are the Autonomy shareholders that will put some or all their money into what i have always known as a ML/SC company called Blinkx.
There is also Burst which Blinkx bought, superb move, and we should all note that AU were in discussions since last April with HP.
And we should all remember what SC once said a couple of years ago,
''that he did not mind being part of a bigger group''
i took that as he was OK if Blinkx was taken over,
i am sure it will, and SC will want to be the technical director of a bigger company,
and that is what he is best at, the technical side.
HP will add on the right to continue using its technical part that Autonomy had, and Blinkx will start to pay a royalty for that next year.
And both Blinkx and AU are in the same office, Blinkx pays rent to AU [ or is it ML ? ]
it does not matter, Blinkx still pays rent.
----
For those who have noticed i have not put any info on here for a while, there were reasons, some to do with my wish to buy Blinkx in September, and another reason was i did not want to be accused of talking the share price down.
A small last bit, i also said at the time of TAZ it was silly to short Blinkx, and the reason that Blinkx will have shed its shorters now is
=Blinkx is in play for the next 2 years=
and i did get annoyed at Haystack for his silly prediction of 3p, but i also feel sorry for him as the brighter shorters had left, he was the stand alone shorter, and the stockmarket is a gamble, if people short a share they must know they risk losing it all, they can win 9 times out of 10 its the 10th or before that eventually wipes them out.
Blinkx parent company AUTNF.pk or AU.L on london exchange is being bought out by HPQ shares of AU.L are up 74% .
This is blinkx former parent company Autonomy owns 13% of blinkx shares so now HPQ will own 13% of blinkx upon agreement of the merger.
blinkx on london reacting positive on the news up 10% on london exchange this a.m.
should be a fun day for us blinkx holders today would be a good day to buy some more blinkx as alot of AU holders will take some money and put it into blinkx when the deal clears.
thanks brenton did you see the video link i provided it was good too?
What is the share count if yahoo is correct on this low float this is a cash machine !!
No brainer
which Q will MITK unlock all the revenue from all the banks it has signed I know some are pending use?
How soon after that do they get profit EPS?
Blinkx (BLNX)
Blinkx is the world's largest online video search engine, with 35 million hours of video (almost 4,000 years' worth) indexed. The firm's proprietary technology uses speech recognition to listen to the audio component of the video content, and then uses both the phonetic and text transcripts to match content with search queries. This is far superior to conventional searches which usually just search through the text of video taglines - a method which can often have poor results. Indeed, Blinkx's is the most advanced video search offering in the market, surpassing even the abilities of search engine behemoth Google.
Blinkx monetises its offering by attracting advertisers to the material made available through its content partners. Its sophisticated technology enables advertisements to be coupled with the most appropriate content and to be matched to real-time viewing (i.e. placed at the most opportune moment). Blinkx's advertising partners, which include household names like Unilever, McDonald's and Vodafone, pay at an agreed cost per view rate. The company's revenues are therefore dependent upon the amount of volume it attracts, both directly and through its syndication partners. The average daily search run rate during the six months to end March 2011 was 44.5 million, up from 31.6 million searches per day during the first half.
The opportunities on offer for a company like Blinkx, which has established a dominant role in a major growth market, are myriad. Its development is underpinned by a number of key trends, such as the growth in internet exposure and usage, and the relative decline in traditional media. Advertisers are increasingly looking for ways to focus their campaigns to achieve better results for less cost, and the internet - and specifically Blinkx's technology - can help them do that. Moreover, Cisco projects that by 2014 mobile data traffic will have grown 39-fold, with some 72% being video-based. This represents a huge opportunity for Blinkx, which seems to be on the cusp of greatness.
Investors should use the current market sell-off as an opportunity to re-assess growth stocks like Blinkx, where they may have 'missed the boat' on the initial upswing. Blinkx has traded on some pretty lofty earnings multiples of late, but it has also been churning out some phenomenal numbers and brokers anticipate earnings growth of 136% in the current year (to March 2012) followed by 62% in 2013. The PEG rating is a mere 0.2. Even if the economy does take a turn for the worse, Blinkx should remain pretty insulated from the worst of the downturn as advertisers will concentrate their efforts on thos
TIME TO BUY BLINKX
5 August 2011
By Steven Frazer
A weak share price has spun the risk/reward wheel back in favour of the video search star
If there is a single word to sum up blinkx (BLNX:AIM), 'volatile' may well be it, yet phrases including 'exciting,' 'growth' and 'potential' could do the job just as well. What is certain is the online video search specialist spun-out of Autonomy (AU.) in 2007 has software that is craved and coveted by the internet's majors, such as Microsoft (MSFT:NDQ) and Google (GOOG:NDQ). With over 35 million hours online, from more than 720 global media partners, it is little wonder blinkx sees itself as the world's largest and most advanced video search specialist, a bold claim for an Aim-listed, sub-£400 million cap.
The company's clever technology is called AdHoc. It searches online video in much the same way Google searches key words and is built on an exclusive license from its former parent. Autonomy remains blinkx's biggest single shareholder with a 12.8% stake. The FTSE 100 firm's chief executive officer (CEO), Michael Lynch, also sits on the board as a non-executive director with a personal stake of close on 22 million shares worth over £24 million at the time of writing. Even though both he and blinkx's own CEO, Suranga Chandratillake, have sold 1.7 million-odd shares between them this year, we believe the core growth story remains very much intact.
blinkx's strategy is built on using its vast library of video for third-party advertising campaigns, either directly through its own website or by licensing technology to partners in revenue share deals. Interestingly, www.blinkx.com last year broke into the world's top 10 most visited websites, while search volumes in the 12 month to 31 March 2011 rose 135%, peaking at over 44 million a day during the second half. This rapid growth is drawn against an online advertising market predicted to grow 40% a year through to 2014. blinkx will be able to leverage a much bigger user base thanks to its $30 million acquisition of Burst Media, an online publishing hub that reaches 57 million unique users around the world and 65% of the US population, according to market researcher ComScore. Then there is the mobile internet, itself a huge opportunity. American networking equipment giant Cisco Systems (CSCO:NDQ) estimates mobile data traffic will jump 39-fold by 2014, with 72% of that expected to be video-based.
The Burst Media deal is likely to take a bit of digesting with as much as 75% of the anticipated $29 million of revenues it should add this year to the March 2012 likely to fall in the second half. Nevertheless, revenues and profits promise to ramp up rapidly. In the year to March 2011 blinkx almost doubled revenue to $66.1 million, and the drop through to profits is such that it converted an $8.9 million loss to a $7.3 million maiden pre-tax profit last year. This year independent broker Canaccord estimates revenues of $126 million, and five years from now the equivalent figure could be as high as $320 million. This implies pre-tax profits going from $24 million this year to $108 million by 2016, dropping the price/earnings multiple from 38 to less than nine. Long-term forecasts could well prove moot given previous takeover speculation, but a 160p target is achievable and investors should buy now ahead of September's Annual General Meeting when renewed excitement could well take hold of the shares.
mitek MITK
heard of Mitek systems they have aplication software for smart phones using the camera to deposit checks and also one for bill pay which allows one to pay a bill by taking a photo of a bill from a phone and other applications too.
they signed 5 of the top 10 banks and 47 smaller branches already and paypal and a few brokerage firms as well imagine taking a photo of a check and directly into your online broker to buy more stock instead of wire costs.
jimlur if and when idcc gets bot would you invest that money in the company that bot idcc or else where?
post from another board for blinkx
Brokers forecast eps for 2013, as summarised on Share Centre, has increased from 5.3p to 6.4p over the last week leaving Blinkx on a prospective p/e of 17. As earnings are growing rapidly this looks too good to be available for long.
I hope your right but i think you are wrong be careful with this one check out blnkf they are making $$$ and turning it into profits
I have been a sharehodler for a long time please enlighten me why on earth you are buying plfm stock ?
bc I see no reason to throw money out the window.
not being mean just don't want another victim of these crooks. IMO
buy a real company with a real product and great mgnt. team.
like BLNKF video search engine no debt it has turned profit and growing fast its under $2 and worth every penny imo..
brenton did you buy some blinkx yet ?
I agree grant the company blinkx bought has over 100 million unique visitors and blinkx can target ads better and charge more for advertising to their end.
Also keep in mind blinkx owns 100% of www.getcheep.com a shopping software that you download and automaticly finds the cheapest price for you while you do normal shopping online.
I think in the future blinkx will spin this off as a seperate company and share holders at the time will pick up free shares probably share per share ratio.
imagine that 1,000 shares of blinkx
gets 1,000 free shares of getcheep
nothing the company has said on this just me guessing as groupon is worth billions.
Welcome to the board thats good to hear brenton let me help with any questions .
Hulu is for sale and depending how much they go for could effect blinkx share price .
by 2014 90% of internet will be video.
brenton I use yahoo quotes to get both BLNX.L and BLNKF.pk here in the usa I use scottrade to buy blinkx it has no hidden fees.
Thanks for the welcome brenton please look at my number one holding and tell me if yout hink its a winner too?
www.blinkx.com # 1 video search engine with more searchable content than yahoo and google for videos.
No debt
52 million cash
its turned a profit
it bought another company to grow along with it
symbol BLNKF just under $2 think about it google is close to $600
upon my DD of mitk i bought in!!
signed 5 of top ten banks and paypal.
their bill pay is a great product as well.
great products and a true hidden gem.
I am glad I found this company .
they use the same firewalls as nasa so it is indeed safe to use this could be $100 in no time with its small float.
All banks know about this tech and are looking into getting it can you say "GROUND FLOOR"
long term hold we have a winner!
confused about the proposed sale of company what does this mean to the nokia lawsuit ?
I think IDCC lowered the poison pill but to what amount do you know?
my top picks for 2011 and beyond..
1.BLNKF # 1 video search engine with profitible EPS and cash and no debt growing fast !
2.OPMG phoneguard partners with Justin Bieber to promote it!
3.ACAS long term should be paying dividends again in 2012 or 13.
4.TSLA the apple stock of eletric cars plus the ceo bought 40 million dollars worth of it just last mth.
5.IDCC I think google is trying to buy them out.
If IDCC sell out its stock which stock would you put that money towards
?????
Video Ads Roll-Up as Blinkx Buys Burst Media for £18.5 million
inShare46
7 Comments
by Mike Butcher
on April 8, 2011
Rolling up video advertising is the order of the day its seems. UK advertising tech company and network Burst Media has been acquired for £18.5 million ($30 million) in cash and shares by video indexing and advertising company Blinkx.
Burst was the 16th largest ad network in the U.K. in February 2010, reaching nearly 12.3 million unique viewers, and itself acquired ad network OTP Media, as well as entertainment ad network Giant Realm for $2.1 million, both last year.
Burst claims to reach 130 million unique users, over 61% of the US Internet audience – numbers which would make it the 36th biggest US internet property. Burst has revenues of $33 to $34 million but net losses went from $800,000 to $3.3 million in 2010. Blinkx has $52.8 million in liquid assets and pays $4.5 million cash for Burst, the rest in new Blinkx shares.
The goal, says Blinkx, is to extend audience reach by delivering relevant, complementary video from its index into Burst’s network of publishers. The publishers are then supposed to be able to tap into the video ad market, where video ads are can be $12 to $30, while banner ads are $1-3.
The cash consideration is understood to be not larger than $4.5m, and blinkx’s cash balance immediately post-completion is expected to be greater than US$47.0 million.
Blinkx will have larger scale now, and can potentially get higher CPMs for its ad sales. Connected TV, also known as OTTTV (Over The Top TV) will also be a big factor going forward.
blinkx has more searchable content for videos than yahoo and google.
blinkx has 111 patents on their tech.
blinkx has turned a profit and has 52 million in cash no debt.
blinkx has over 700 media partners and its still growing .
blinkx has 35 million hours of searchable content that would take 4,000 years to watch.
there is a bidding war right now for hulu.
2014 90% of internet will be video
blinkx goal is to be in smart phones and tvs dvr boxes .
Motley fool says if blinkx becomes a house hold name like google its trading for peanuts right now.
blinkx is a unknown gem here in the USA it also trades on london exchange under blnx.L where it trades over one million shares per day here in the usa its volume is almost none .
I invite you to do DD on blinkx and when the USA investors find blinkx you will have a ground floor head start on them.
posted on a london message board that a late order to buy a million shares of blinkx was not filled perhaps there are not enuff sellers at this price (its too cheap)
Hulu Talks About Sale With Google, Microsoft
By Andy Fixmer and Greg Bensinger - Jul 1, 2011 5:03 PM CT
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Hulu Said to Meet With Potential Buyers
Hulu LLC's website at www.hulu.com. Source: Hulu via Bloomberg
Bankers for Hulu LLC, the video- streaming service, have met with Google Inc. (GOOG), Yahoo Inc. and Microsoft Corp. (MSFT) as the company explores a sale, people familiar with the process said.
Morgan Stanley (MS) and Guggenheim Partners have reached out to 10 to 12 potential bidders, including AT&T Inc. (T), said two people who weren’t authorized to speak publicly.
A sale may bring more than $2 billion to Hulu’s owners, which include Walt Disney Co. (DIS), News Corp. and Comcast Corp. (CMCSA)’s NBC Universal, according to data compiled by Bloomberg and SNL Kagan. Hulu was approached by a potential suitor, starting the process, people familiar with the matter said on June 21.
Elisa Schreiber, a spokeswoman for Los Angeles-based Hulu, declined to comment, as did Chris Gaither, a spokesman for Mountain View, California-based Google. Kim Rubey, with Sunnyvale, California-based Yahoo, Lisa Tryall, at Redmond, Washington-based Microsoft and Brad Burns, with Dallas-based AT&T also declined to comment.
The Los Angeles Times reported the meetings earlier.
Hulu would be attractive to any large company seeking to build an online content business, Clayton Moran, an analyst with Benchmark Co. in Boca Raton, Florida, said last week.
Hulu reached tentative agreements to renew rights to television shows from Disney, owner of the ABC broadcast network, and Fox parent News Corp., people with knowledge of the matter said last week.
Ownership Change
Comcast stepped back from a management role at Hulu as a condition for regulators to allow its purchase of NBC Universal, leaving decisions to Burbank, California-based Disney and Rupert Murdoch’s New York-based News Corp. (NWSA) Providence Equity Partners, the Rhode Island private-equity company, is also a part-owner.
Under a new owner, Hulu may gain capital to acquire more films and TV shows and challenge Netflix Inc., the dominant subscription streaming service.
Hulu, which never went forward with a planned IPO that envisioned a $2 billion value for the company, has said it will exceed 1 million users for its $7.99-a-month service and have $500 million in total sales this year.
SNL Kagan estimates Hulu will generate $45 million in profit this year.
Netflix, based in Los Gatos, California, has 23 million customers and may generate six times as much in revenue. It is valued at 53 times projected earnings, or more than $14 billion.
Jimlur OT:
mannatech makes a product called PLUS its an all natural pain killer
its a bit pricey tho. I only use it as needed and physical therapy may help .IMO
hope this helps.
when do you think we will hear the courts about the lawsuit with nokia any guess?
Boosted by higher ad revenue and big client acquisitions, video indexing and ad company blinkx on Wednesday posted a full-year profit.
For the year ended March 31, pre-tax profit was up $16.1 million -- not bad compared to the $9 million that blinkx lost during fiscal year 2010. Revenue nearly doubled to $66.1 million.
"This achievement was driven by a number of factors," said Suranga Chandratillake, founder and CEO of blinkx. Chiefly, he cited "the robust growth of traffic on the blinkx site, and the ongoing success of our advertising platform, AdHoc, in attracting new and repeat advertising customers, such as Kleenex and Microsoft."
This past year, blinkx increased its video streams in the United States and the United Kingdom by more than 155%, according to Chandratillake.
"During the year, we also continued to expand our cross-platform distribution initiatives through partnering with industry leaders like Samsung, the launch of blinkx mobile and the release of our Application Programming Interface for the Internet TV space," Chandratillake added.
The good news comes on the heels of blinkx's acquisition of Burst Media for $30 million.
With the Burst deal, blinkx hopes to bring its 35 million hours of online video and TV to Burst's network of over 157 million unique users. blinkx plans to create contextually relevant video channels for Burst's network of publishers, thereby aggregating an online video audience for advertisers, which it believes could rival the scale of television networks.
blinkx is known for indexing audio and video content, and making it searchable and available on demand.
Video ads remain the fastest-growing online ad format, and in recent research, eMarketer has forecast that the market will be worth $5.7 billion by 2014 -- up from $1.4 million in 2010.
This past year, brands such as Honda, Microsoft and Revlon booked campaigns with blinkx through various agencies, including Starcom Mediavest, Ogilvy and McCann Erickson.
Blinkx swings to FY profit as revenue doubles
Wed May 18, 2011 2:34am EDT
* Pretax profit $6.1 mln vs loss of $8.9 mln last year
* Revenue rises 96 percent to $66.1 mln
May 18 (Reuters) - Video search-engine operator Blinkx swung to a full-year profit, boosted by higher advertising revenue as it continued to increase its audience.
Online advertising has, for some time, been the fastest growing segment of the overall ad market, with online video ads running before or after video clips achieving the highest prices from marketers.
The company, which indexes audio and video content, and makes it searchable and available on demand, added new clients such as Kleenex and American Express Co during the year.
Pretax profit was $6.1 million for the year ended March 31, compared with a loss of $8.9 million last year.
Revenue almost doubled to $66.1 million.
The company recently bought online ad network Burst Media for $30 million to help build personalised online TV channels that should command premium rates from advertisers.
Shares in Blinkx, which have gained 28 percent since the company's trading update in April, closed at 142.5 pence on Tuesday on the London Stock Exchange. (Reporting by Purwa Naveen Raman in Bangalore; Editing by Maju Samuel)
such a great product what a shame it can't get better as investment goes.
news
Press Release Source: blinkx On Monday May 16, 2011, 8:00 am EDT
SAN FRANCISCO, May 16, 2011 /PRNewswire/ -- blinkx, the world's largest and most advanced video search engine, today announced a partnership with Agence France-Presse (AFP), the global news agency known for delivering fast, accurate, in-depth coverage of events shaping our world. blinkx users will now be able to find and watch videos from AFP covering various categories of news, including politics, sports, business, entertainment, health, science and technology at www.blinkx.com.
AFP is the first news agency to offer full HD coverage—since September 2010—and has expanded its video-production network to over 90 units operating around the world, producing 150 new videos per day in seven languages (English, French, Spanish, German, Portuguese, Arabic and Polish). blinkx users will have access to the highest quality footage, scriptwriting and storytelling. AFP is also recognized worldwide for its unique perspective and its ability to get to what's beyond the headlines.
"Our partnership with AFP further strengthens and expands our news coverage from the world's most respected news organizations," said Suranga Chandratillake, founder and CEO of blinkx. "It's clear that consumers are interested in accessing a broad spectrum of news programming and we are thrilled to bring AFP's premium news videos to our users around the world."
"We at AFP pride ourselves on delivering fast, accurate news coverage from every corner of the world," said Emmanuel Hoog, chairman and CEO of AFP. "We're pleased to leverage blinkx's unique search technology to make our content discoverable and available to new audiences everywhere."
As the pioneer in video search technology, blinkx has built a reputation as the smartest way to find rich media on the Web. The company has made more than 720 partners and indexed over 35 million hours of video and audio content to date.
About blinkx
blinkx plc (LSE AIM: BLNX) is the world's largest and most advanced video search engine. Today, blinkx has indexed more than 35 million hours of audio, video, viral and TV content, and made it fully searchable and available on demand. blinkx's founders set out to solve a significant challenge – the growing amount of TV and user-generated content on the Web means keyword-based search technologies only scratch the surface. blinkx's patented search technologies listen to—and even see—video on the Web, helping users enjoy a breadth and accuracy of search results not available elsewhere. In addition, blinkx powers the video search for many of the world's most frequented sites. blinkx is based in San Francisco and London. More information is available at www.blinkx.com.
About AFP
AFP is a global news agency delivering fast, accurate, in-depth coverage of the events shaping our world from wars and conflicts to politics, sports, entertainment and the latest breakthroughs in health, science and technology. With 2,900 journalists spread across almost every country, AFP covers the world 24 hours a day in six languages. AFP delivers the news in video, text, photos, multimedia and graphics to a wide range of customers including newspapers and magazines, radio and TV channels, web sites and portals, mobile operators, corporate clients as well as public institutions. For more information about AFP, please go to www.afp.com.
Buy Blinkx (BLNX) at 132p
Says James Faulkner of WatsHot.com
First recommended on WatsHot.com over the Easter weekend, WatsHot editor James Faulkner believes that, with a dominant position in a major growth market, and the possibility of a takeover in the near future, Blinkx (BLNX) could be about to see its share price soar.
On WatsHot.com, James provides two hot new tips like this each month, as well as regular updates and a daily column. Although past performance is no guarantee of future success, and some tips have gone down in value, the average gain per tip as at 31st December 2010 across the 23 stocks tipped last year on WatsHot.com was 73.28%. To get more top tips like this from James, join WatsHot.com now.
Blinkx is the world's largest online video search engine, with 35 million hours indexed (almost 4,000 years). The firm's video search engine uses speech recognition to listen to the audio component of the video content, and then uses both the phonetic and text transcripts to match content with search queries. Its software categorises video content using a "Distributed Video Fetch Server" (dVFS) or "web crawler" ("spider" or "bot") to sample video web pages at high speed. This is far superior to conventional searches which usually just search through the text of video taglines – a method which can often have poor results. Indeed, Blinkx's is the most advanced video search offering in the market, surpassing even the abilities of search engine behemoth Google.
That is the first half of understanding Blinkx. The second part of the puzzle is ad sales. Blinkx monetises its offering by attracting advertisers to the material made available through its content partners. Blinkx's sophisticated technology enables ads to be coupled with the most appropriate content and to be matched to real-time viewing (i.e. placed at the most opportune moment). Blinkx's advertising partners, which include household names like Unilever, MacDonald's and Vodafone, pay at an agreed cost per view rate. The company's revenues are therefore dependent upon the amount of volume it attracts, both directly and through its syndication partners. The average daily search run rate during the six months to 30th September 2010 more than doubled year-on-year to 31.6 million searches per day.
Blinkx recently reported that trading for the second half of the financial year has continued to be strong. It expects revenue of $65 million, making for a 90% increase year-on-year and putting it ahead of broker forecasts. Operating profits are also expected to beat current analyst consensus estimates of $6.7 million. The cash generative nature of Blinkx's operations was underlined by a $17 million increase in the cash pile to almost $53 million. Some of this was put to use in the recent acquisition of Burst Media (BRST), which gives the company access to roughly 60% of the US online population. Compared to Burst Medias reported cost-per-mille (CPM ad rate) of $1.49, Blinkx's reported CPM at $20 represents an opportunity for an immediate uplift via its targeted-ad model.
Risk Warning: The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice. The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. UK-Analyst.com is owned by t1ps.com Ltd which is authorised and regulated by the Financial Services Authority and can be contacted at 3rd Floor, 3 London Wall Buildings, London EC2M 5SY.
The opportunities on offer for a company like Blinkx, which has established a dominant role in a major growth market, are myriad. At a basic level, Blinkx is a beneficiary of the shift in advertising spending away from its traditional base (newspaper, television etc) and towards the online market. This development is underpinned by a number of key trends, such as the growth in internet exposure and usage, and the relative decline in traditional media. Advertisers are increasingly looking for ways to focus their campaigns to achieve better results for less cost, and the internet, and specifically Blinkxs technology, can help them do that. Overall UK online adspend rose by 4.2% year-on-year to reach 3.54 billion pounds in 2009, versus a 16.6% decline in other formats. However, within the online segment, display ad revenues fell by 4.4%, while the more targeted search-related adspend espoused by Blinkx rose by 9.2%.
Researchers at Cisco project that by 2014 mobile data traffic will have grown 39-fold, with some 72% being video-based. This represents a huge opportunity for Blinkx, which seems to be on the cusp of greatness. The market cap is around 450 million pounds and a FTSE 250 listing will surely follow in due course. A takeover is also a distinct possibility, but a predator would have to pay a serious premium to get its hands on the firm's technology. BUY.
Blinkx buys a company
Signaling market consolidation, video indexing and ad company Blinkx has agreed to buy Burst Media for $30 million. In a word, blinkx CEO Suranga Chandratillake said the deal is all about scale.
"Up until now, the primary barrier to further television advertising budgets moving online has been online video's inability to match the sheer scale of audience that television can deliver," said Chandratillake. He said the deal will help advertisers better segment and target these larger audiences.
Per the deal, blinkx plans to embed relevant videos and video channels into Burst's thousands of publisher sites. UK-based Burst presently claims to reach 130 million unique users, including more than 61% of U.S. consumers.
"By fusing blinkx's unique patented technology and large video index with Burst's massive reach, we will have the potential to create personalized, online television that is watched by hundreds of millions of users."
blinkx will also create contextually relevant video channels for Burst's network of publishers, thereby aggregating an online video audience for advertisers across these special interest sites.
The majority of Burst's senior management team is expected to continue with the combined group, with Jarvis Coffin, co-founder and CEO of Burst and David Stein, co-founder and CTO of Burst, remaining in temporary roles to assist the transition.
Burst bills itself as a specialist "long-tail" ad network; it boasts exclusive relationships with independently owned Web properties that target specific niche audiences.
In 2010, the ad network and tech company reported revenues of $33 to $34 million, but net losses of $3.3 million. Shares in blinkx rose 10% on the news.
here is blinkx ceo most recent video interview 3/30/11
http://www.screenplaysmag.com/2011/03/30/suranga-chandratillake-founder-ceo-blinkx/
from shares magazine
Technology
blinkx (BLNX:AIM) 91p
Market value: £304 million
A spin-out from FTSE 100 technology giant Autonomy (AU.), blinkx (BLNX:AIM) is a leader in the potentially enormous market of online video search. By delivering a maiden pre-tax profit in the first half of its fiscal year, the £303.7 million cap proved it could monitise video search by pairing it with content relevant to advertising. The company has recently added big names to its list of partners, including Bloomberg, the BBC, Nokia (NOK1V:HE) and American Express (AXP:NYSE). At the interims (9 Nov) it announced a partnership with Amino Communications (AMO:AIM). The company also has forged a collaboration with Samsung (005930.KS), which brought blinkx's technology to Apple's (APPL:NDQ) iPhone and Google's (GOOG:NDQ)Android handheld devices. blinkx has pulled back from the 102p all-time hit on 18 January but we expect upward momentum to soon resume. Investors may expect the company to eventually move to the Main Market, paving the way for the top flight.
By Editorial Staff
blinkx (BLNX; AIM, Tech Software and Services)
blinkx announced that woomi, a connected TV platform from Miniweb Technologies, is to have access to blinkx's index of online video. The woomi platform is already live across all Samsung smart TVs in the UK and will be rolled out to other territories during 2011.
Separately, it was announced that the blinkx app will be available through Boxee's App Library. Boxee is designed to make Internet content available to a TV and remote. It is available as a free download for Mac and Windows computers as well as via the Boxee set-top box.
Very strong hold / add.
Facebook Killed the Google Star
Mar. 9 2011
Not long ago, Google (GOOG) was dismissed as just a fancy technology. Sure, it generated great results — and was fast. But could it make money? Well, of course, it did not take long for Google to unleash its power and become a cash machine.
Now it looks like Facebook is the the next Internet killer. And we are just seeing the early signs of how it will wield its awesome potential. For example, this week the company announced a deal with Warner Bros. to rent movies. The immediate result was for Netflix (NFLX) to see a drop in its stock.
But, ironically, the main victim is Google. “Until now, regular, bare-bones text-based keyword search has been the way most of us found things on the web,” said Suranga Chandratillake, who is the founder and CEO of blinkx.
But the future will mean that search will go through a transformation. That is, it will become more social and interactive. And with over 500 million users, Facebook is the destination for this.
Ok, what about the monetization? Facebook is still in the early stages but the cash should really start to pile up soon (hey, just in time for an IPO, huh?)
“Social search and discovery lets you find information or videos anyway, tapping into the experts in your own social network and beyond to uncover them in a way regular search simply cannot,” said Suranga. “This leads to better, less annoying, more relevant ads for the viewer and improved returns for the advertiser. This relevancy is crucial as, according to comScore, 89 million people in the United States are going to watch 1.2 billion videos today.”
TWST: Any names on your side of the Atlantic that you'd like to share?
Mr. McCarthy: In fact our largest holding in the fund at the moment is a London stock called Blinkx (BLNX.L), and that is in video search. As far as we can tell, it's the number one company in that sector. Have you heard of a London stock called Autonomy (AU.L)? It's the biggest software company in London, and it does extensive business also in the U.S. It's a specialist in what they call the "management of unstructured data," a much more complex form of data than that derived from financial figures.
It's into words and text and that sort of thing. Blinkx was started off within Autonomy, and they spun it out three years ago on the London market at a very early stage of the company's existence. Only in the past nine months or so have the company's shares sprung to life. On the 16th of May, they came out with a transformational set of results, which showed revenue up over 100%, with the company just breaking into profit for the first time. It had also become cash generative and for us, that was transformational. We immediately doubled our holding in the stock, and it has gone up over five times since.
It did most of that in the six months after May, but has done little in recent months. Blinkx is a U.K.-registered company, but they report in dollars because they basically operate out of San Francisco; that's where their operational base is. The company is expected to report turnover of $60 million for the year ending this March, and for the following year, expectations are for revenue of at least $100 million. Current market cap is about $450 million.
Admittedly on a forecast earnings basis, the p/e is pretty high, but at least Blinkx is now in the situation where it is actually nicely profitable and generating cash.