Blink and you'll miss it...

Wednesday, Nov 19 2008 by

I'm not convinced by Blinkx business model, nor by their strategy... 

Take today's RNS - they are still attempting to buy a company like MIVA that shows these deteriorating fundamentals.

* MIVA has reported reduced revenues for the last eight consecutive quarters * Advertising spend related to the distribution of the Direct business' toolbars has declined for the last two quarters * Total installed toolbars declined 11% quarter-on-quarter from Q2'08 to Q3'08 * Significant un-reserved liabilities may remain related to the European restructuring


Now i do understand that MIVA offer a distribution network.. but if their core businesses are declining, then BLNX could be buying a complete dog just for the benefit of expanded search.
Apologies if i've misinterpreted the benefits here... but it seems a typical example of empire building by a CEO who clearly shouldn't be in the job.
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Blinkx Plc is a United kingdom-based holding company. The Company is engaged in the provision of video search and advertising services on the Internet. The Company is an Internet media platform powered by concept recognition engine (CORE). Blinkx CORE is a video engine, which automates manual tasks, including processing, analysis and tagging, and exposes the audio and video content. The Company, through its site,, blinkx pioneered video search on the Internet, developed an engine based on technology. The Company is a digital media technology, distribution and monetization platform that connects consumers, advertisers and content across four screens. In addition, the Company's portfolio includes consumer entertainment and music properties, which include,, and The Company’s subsidiaries include blinkx UK Limited, blinkx UK Holding Limited and blinkx (Canada), Inc. more »

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  Is Blinkx fundamentally strong or weak? Find out More »

1 Post on this Thread show/hide all

promethean 19th Nov '08 1 of 1

There's a difference between being a creative innovator and being a business man. Suranga is not a business man... look at the latest interims...
The company is bleeding cash at $5m each 6 months... on revenues of only $6m... and they want to buy a loss making business? crikey. He needs to wake up to to economic reality... Blinkx isn't google and doesn't have a business model.. He should be trying to sell his own company right now and create some shareholder value...

Smacks of desperation in my opinion.

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