Saturday 7 February 2009

Suranga talks the talk, but can he walk the walk?

For a different perspective, I thought I'd quote this post, from 'twiga', on one of the ADVFN Blinkx discussion threads.

"twiga - 7 Feb'09 - 09:28 - 1361 of 1361

...

it is worth noting that suranga does tend to come out with comments that get people excited ,but little happens afterwards ,

eg blinkxtv very slow growth , and only successfully watched in uk or usa .

trans hijacking idea no where to be seen ,,

iblinkx rumours ,,,

miva deal off ,,, then a month later back on ,, and three months later no news .

now we have the talk about set-top boxes being embedded ,,and some mobile phone talk ...

also more talk about buying other companies ..

if all the above were accomplished ,, then suranga will be a star , but he needs to be carefull not to mislead us

action is very important , not just easy talk what youd like to do.

Do it BLINKX !!! show the big boys that you can ."

Exactly my own view. What the hell has happened to Transaction Hijacking (a product that seems tailor-made for today's cost-conscious world)? What the hell is going on with Miva?

It seems as though Chandratillake is announcing a whole raft of new product, ideas and alliances when he still has unfinished business. This only leads to confusion and anger among shareholders and investors: he should focus on one product or deal or service at a time, get it finished, get it out, move on to the next and leave sales, legal, marketing and support to follow behind. Otherwise the company becomes no more than a collection of half-finished or half-baked products and ideas, none of which are generating maximal revenue but all of which suck up time and resources. Eventually such a house of cards collapses (Yoomedia, anyone?).

And of course I would revert to my previous point: if the company was doing as well and growing as fast as Chandratilake claims, why not release a full Trading Update to emphasise the fact? Why do we have to hear about it anecdotally (and unproveably) in newspaper profiles/articles?

Why not show us,rather than just tell us?

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