With video search set to be the next big growth area BLNX have the software the likes of Microsoft, Google and NewsCorp would love to have.

In fact BLNX have done deals with most of these, the most recent being the UtargetFox deal which has been reported in the USA but not RNS'd in the UK.

Alexa rankings confirm the continued growth in usage as its viral effect spreads:-

http://www.alexa.com/data/details/traffic_details/blinkx.com

The ITN RNS confirms blnx is the best in the market and is growing fast:-

Leading News Organization ITN Extends Advertising Deal with blinkx Based on Proven Campaign Success




blinkx Selected to Power Advertising across ITN Website and Syndication Partner Sites




SAN FRANCISCO, CALIF. - July 2, 2008 - blinkx, the world's largest and most advanced video search engine, today announced that it has won an extension contract that will augment the scope of its advertising partnership with ITN, one of the world's leading news and multimedia content companies. Under the terms of the new agreement, ITN will use AdHoc, blinkx's patented contextual advertising platform for online TV and video, to serve advertisements on the ITN website and its syndication partner sites, including Bebo.




Through AdHoc, ITN has already been effectively monetizing its premium news content on the blinkx.com network for over six months. During this time, ITN achieved a significantly better return, greater search volume, and higher monetization through blinkx than through other syndication partners.




AdHoc uses blinkx's patented speech-to-text transcription and visual analysis technology to understand video content more thoroughly and effectively than any other service today, and can therefore dynamically place the most pertinent advertising against it. The AdHoc platform offers media companies and advertisers a unique value proposition -- video advertising which combines the emotive power of TV promotion, with the relevance and utility of contextual search advertising.




The confluence of ITN's premium TV content, blinkx's extensive syndication network, and AdHoc's uniquely powerful targeting capabilities was a formula for success. By extending its partnership with blinkx, ITN aims to achieve similar returns by leveraging the AdHoc platform to deliver contextually relevant video advertising on its own website and across its distribution partner sites.




'We're thrilled to be broadening our relationship with ITN,' said Suranga Chandratillake, founder and CEO of blinkx. 'News content is one of the most popular categories of online video and there's clearly a tremendous opportunity for monetization. The success of our partnership with ITN is evidence that the blinkx AdHoc platform is a uniquely powerful solution for online video advertising today.'




'We've been delighted with the results of our partnership with blinkx and are looking forward to implementing the AdHoc technology on our site,' said Nicholas Wheeler, managing director, ITN On. 'blinkx AdHoc has proven that it can achieve significant monetization of our content, effective marketing for advertisers and, most importantly, a useful, non-disruptive experience for our audience.'




As a pioneer in video search technology, blinkx has built a reputation as the most effective way to search new forms of online content such as video. With more than 350 partners and 26 million hours of indexed video and audio content, including favorite TV moments, news clips, short documentaries, music videos, video blogs and more, blinkx uses advanced speech recognition technology to deliver results that are more accurate and reliable than standard metadata-based keyword searches.

Hope not....then I've bought a diving knife....damn....

Skinners, "a bit"?
How about a lot?

Gibby

It seems Christmas has come early - and still no sign of support.

G

There is going to be quite a bounce here.

I'm no fan of BLNX and couldn't really see why the SP had climbed to 160p, but wasn't sufficiently interested to go long or short. In any event I don't think the recent results deserve a +50% drop in the SP. Will be quite a few points on offer if you can get the timing right.

pt - of course there'll be a bounce - nothing falls in a straight line forever. But pity the fool who buys in on that bounce for any reason other than a (dangerous) quick swing long, or to take some profit on a short before adding higher. The bounce will be sharp but short lived. A couple of days likely - a week or so at the most. But a fall like this has some serious sellers behind it, and other serious sellers who rue having missed it. They all know a bounce is inevitable and they'll not let the opportunity it provides pass them by. The next drop will be every bit as sharp and every bit as vicious as this one.

This fall is a long way from over - I wouldn't be surprised to see the price halve again to about 35p, maybe lower, before it finds a level to drift along at for a while. The heady days are over.

You may be right Gausie, I don't have sufficient knowledge about BLNX's business model to form an informed opinion long term or (short term for that matter).

I wonder how severe and quick the fall would have been without the general market malaise?

I bought some @ 77 today , might be a bid coming soon or a bounce.

Are we there yet!?

Nah, long way yet.

i fear that one could say that about almost all stocks

true cynic - still watching this one looking for a good buy in level again - maybe today is the day we'll see - gla

not a good day to be buying anything ..... a lot of people will have been bled dry; many more will still have to find a lot more margin or be forced to sell; US will be very quiet; London is very quiet; weekend ahead with all its unknowns

And I'm being stuffed on this...having stupidly jumped in....

i am currently 100% cash

Lucky you ......I'm stuck in positions waiting for better times...and they should come....fingers crossed..

i took a bad bashing but have learnt that it is sometimes or even often better to take the hit than to hang on in hope

now into bargain basement territory. When will the worm turn??

The following broker report gives a 79.5m revenue, earnings per share of 4.5p and p/e ratio of 8.4 for 2012. We can all live with that.

http://proactiveinvestors.co.uk/market_wraps/17515/-broker-roundup-african-diamonds-daisy-chamberlin-elektron-17515.html

The relevant section is:

Daniel Stewart also commented on the current valuation of Blinkx (LON:BLNX) compared to two other internet centric businesses, online antibody exchange specialist Abcam (LON:ABC) and online retailer ASOS (LON:ASC). The broker noted that Abcam and ASOS are trading on 2011 P/E ratios of 27 and 29 respectively. Daniel Stewart is currently forecasting 2012 revenues at Blinkx of 79.5 million and EPS of 4.5 pence, putting the company on a 2012 P/E of 8.4.

I'm still selling.

There's a bit of support coming at the bottom of Tuesday's hammer.

Will it hold again? Will it trigger the bounce? or will the price plummet through?

If it holds then I'd expect a few days' uncertainty and drift.

If it triggers the bounce that we're all expecting at some stage then the bottom fishers will have some happy but tough choices - sell at break even, sell at profit, hold long term for better days or add? Many will breathe a sigh of relief and chose to sell at break even (why do they even bother trying to trade?). Reckless gamblers will cross their fingers and keep adding oblivious to the likelihood of the dead cat bounce. Some will sell at a small profit and set themselves a thousand lines of "Buy when going up, Sell when going down. Let this be a lesson to me. Never shall I do this again"

If the support doesn't hold then the next leg of the fall will be hard and sharp. There'll be a whole bunch of private and institutional stop losses getting filled to start the move, plus the bears will be selling like mad, adding further momentum. A 30p target wouldn't seem unreasonable. Possibly by Christmas.

G

This has been far too high for too long. Even after the recent falls it still has a P/E ratio of 41 and a market cap of 231m. This is from a company that is hardly profitable.

better than a company that is still all blue sky like most of the amoeba companies that so many here follow