Michael Lynch’s somewhat dramatic exit from Hewlett Packard last week
may result in him taking a more active interest in Blinkx, the AIM
listed video search engine business that was spun off from Autonomy in
2007 before the group was sold to Hewlett Packard.
from Marketing Services
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Yeah? You ask me, the only thing that's going to be good for Blinkx is a wholesale clearout of Blinkx mgmt, starting at the very top - and yes I'm talking about Chandratillake. Start with him, work down from there, get some grown-ups in charge that know about PR and comms, know how to cut the deals that Blinkx should be cutting - with Yahoo!, with Facebook, with all the other large media organisations out there that currently seem totally unaware of Blinkx's very existence - that know how to take part in a CC and answer awkward but very obvious questions without completely bolloxing it, and then see what happens. I reckon if Chandratillake was outed there would be a relief rally and you'd see a massive share price spike just on that news alone.
The perennial questions remain:
1/ If Blinkx has the very bright future in front of it that we're told of (all evidence from the last 5 years notwithstanding, and even with the share price back below the float price), why aren't management loading up on stock?
2/ If Blinkx tech is as good as we're told, why aren't more significant companies signing up for it? If it is truly world-leading tech, Blinkx should be signing up deals of the size (and presumed importance) of AOL a couple of times a year minimum, not mickey mouse sites like Rooftop Comedy that no fucker has ever heard of.
3/ If Blinkx tech is as good as we're told, why is nobody trying to take them over, even at these 'bargain basement' prices? If someone wanted them that bad, I find it hard to believe that the likes of Blackrock and other large shareholders would turn down an offer of, say, 200p a share. HP and Mike Lynch might have big stakes, but less than 20% between them, so hardly a blocking stake. So if Blinkx is so fantastic, where are the predators?
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