Wall Street had the right idea yesterday. At least when it came to the iPad: Investors watched the unveiling, shrugged their shoulders, and left Apple (AAPL) shares more or less unchanged.
That’s a pretty reasonable approach, since it’s impossible to gauge the gadget’s chances based on Steve Jobs’ demo yesterday. As Walt Mossberg notes, it really is all about the software. And a lot of the iPad’s software doesn’t exist yet...
from Media Memo
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Comment: Well I know one thing - it couldbn't do any harm at all to the iPad's chances if, in a month or two, when the initial hubbub caused by Jobs' presentation yesterday has died down, Apple announced that when the iPad goes on sale it will include software to search through and access 35milion hours + of professional longform video (to go with the YouTube content announced yesterday), and that that software will also work within the eReader to go get more content, video etc for ebooks bought through the device...
Dreaming? Almost certainly. Blinkx proved long ago that its senior mgmt team just isn't up to cutting deals like that - they lack the experience and the gravitas (Miva, anyone?). But again, I know one thing: every time a major deal like this is announced and Blinxk isn't involved, the shares get punished. The market has given Blinkx the benefit of the doubt by asuming their silence is because they're working on something mega - but every time a major deal rolls around and Blinxk aren't involved a few more people wake up to the fact that the reason they're saying nothing could just be because they have nothing to say. That situation will not, I suspect, be allowed to carry on for too long before there is a cull of senior management (I mean you, Chandratillake) and a new team is put in place who has a bloody clue...
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