BLINKX GIVES UP BUILDING OWN BRAND
The British video search engine, Blinkx, is to "give up" building its own brand because Yahoo and Google's dominance of video and internet search has proved too hard to crack. The company, founded by Suranga Chandratilake in Cambridge in 2004, had hoped its Blinkx.com website would become the first point of all browsers to find videos online. Chief executive Chandratilake has decided to focus on selling the company's unique search technology instead of building its own site. The technology is already used to power video search on ITV, ask.com, AOL, LookSmart, RealPlayer and MSN UK. Blinkx narrowed its first-half losses to 3.26 million dollars, and is to turn a profit a year ahead of expectations in 2010, according to Chandratilake.
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A scare story planted by the shorts/bears?
An accurate report?
Of course we have no idea, because true to form the company has not issued any formal rejection or clarification of the story. Just as with Miva thery seem content to leave doubts about Blinkx hanging in the air, to the detriment of shareholders and investors and yet more damage to Blinkx's management's reputations - not that those reputations can fall much further as far as this shareholder is concerned, being rock-bottom already...
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