Apple, Inc. CEO Steve Jobs told shareholders Apple will make "big, bold moves" with its $40 billion in cash. Jobs didn't indicate which way Apple might go, except to say it will open 25 retail stores in China. Like its recent acquisition of Quattro Wireless, Apple may have some more surprises ahead, and it may intensify its rivalry with Google...
from CRM Daily
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Comment: Hey Steve! I can think of what you should do with some of that $40bn (ideally as much as possible) - buy Blinkx!
Can you imagine what Blinkx would be like with its current utterly clueless management removed and Steve Jobs (or someone very like Steve Jobs) in charge? Buying Blinkx would boost the languishing Apple TV (even Apple doesn't get it right every time), could be built into the iPad (want a reason to buy one? Try easy access to 35m+ hours of video...), and God only knows what deals someone as savvy, dynamic and switched-on (three things Chandratillake definitely isn't, in my view) as Jobs could cut with the world's media conglomerates.
C'mon Steve, you know you want to. You could get Blinkx for way less than $1bn. Throw in another $5bn (roughly) and you could get Autonomy as well, carve the global video-related IP you want out of AU and sell on the rump business to your buddy Larry Ellison at Oracle, and everyone's happy.
Except Chandratillake of course, but boo hoo. Why should shareholders give a fuck about him given the carnage he has wrought with our investments in Blinkx? He has, in my view, completely and utterly betrayed the trust and coinfidence placed in him by shareholders.
And if that's wrong, where's the evidence that I'm wrong? If shareholders think badly of Chandratillake (and more and more do) because we don't know what's going on at Blinkx, whose fault is that?
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