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.

Really. It sounds like a lot of crap to me.
At any rate, Mike Lynch's comments on the Autonomy deal seem perfectly valid to me.

just looking at the rating never mind the HP/AUT situation this has to be a short.

It's a pile of sh*te imo , ok for trading but can see the next Chelsea manager surviving longer than these .

Nothing on there about how long he'll keep the job :(

absolute nonsense cynic - the allegations largely surround simple accounting policies - a few invoice posting checks would have picked this up or a look at the management accounts

or how about reading the swathes of crticism at the time of the bid, or take on a warning following Oracles statements as to the companys worth

Just shows you these advisors are clueless - who would have thought a so called reputable bank would be amongst them ?

LTIPs and bonuses anyone ?

I posted this on the Autonomy thread on Tuesday. Money well spent (not).

Fraud and Accounting Investigations

I wonder what their fees were!

Cynic/Halifax…I think at this point it would be good to have a little look at the Whitman CV…

“Meg Whitman has not been forthcoming about her relationship with her ex-housekeeper who Meg employed for nine years—nine years!

Meg Whitman
There is no word from Meg on her possible and probable violation of IRS, federal, and state tax laws. There are a slew of tax reporting forms to fill out when you hire someone to work in your home. Meg should know this. After all she has an MBA from Harvard, and ran a major corporation.
Meg either filed the tax forms falsely, or didn’t file at all—either case not good.
Meg is used to doing things her way and has a temper. Grandmotherly Meg turns out to be something of a thug.
In June 2007, an eBay employee, Young Mi Kim, claimed that Ms. Whitman became angry and forcefully pushed her in an executive conference room at eBay’s headquarters.
Of the incident, Ms. Kim said, “Yes, we had an unfortunate incident, but we resolved it in a way that speaks well for her and for eBay.” Sure does—Meg paid Ms. Kim a six-figure sum to quiet the issue.
This behavior seems to run in the family. Meg’s son, Griffith Rutherford Harsh V, (as in Henry VIII) was charged with felony battery for breaking a woman’s ankle after an altercation. Meg got him out on $25,000 bail, and the charges were (somehow) dropped. Griffith was also suspended for a year from Princeton on an alleged rape charge. The affair was settled quietly—after all, Meg donated $30,000,000 to Princeton.
Some people with money think they can break all the rules—and, unfortunately, short of something like murder, they can.
Her former (illegal) household employee is not the worst thing about Meg Whitman insofar as the California election is concerned. There’s more.
What is worse is that Meg Whitman is, and has been, a tool of Goldman Sachs. Wouldn’t Goldman Sachs just love to be handling California’s finances?
The media avoids mention of the fact that Meg Whitman was on Goldman’s board.
There she served on the compensation committee—the committee which approved multi-million dollar bonus packages for then-CEO Henry Paulson and his top aides.
Goldman Sachs also, manages Whitman’s fortune.
As CEO of eBay, Whitman earned approximately $1.78 million resulting from a shady practice known as spinning (IPO insider trading) whereby executives who did business with Goldman Sachs could reap profits by getting early deals before the public on hot Goldman IPOs. T
Meg was able to buy into Goldman Sachs IPOs before they were offered to the public, allowing her to reap sure profits.
Meg Whitman has a multi-million dollar stake in 21 different investment funds managed by Goldman. Maybe some of those funds are in Goldman’s major investments in California state finances.
Goldman Sachs has made vast profits by aiding in the destruction of the economies of the U.S, and Greece, not to mention American homeowners.
Goldman Sachs executives have contributed heavily to the Whitman campaign.
Now Goldman hopes to be riding into California holding on the apron strings of Meg Whitman.”

Had you noticed Whitman’s connections with Goldman and Henry Paulson…had you any idea the grief Mike Lynch and Co. have caused Goldman and friends over the years…there was an attempted sting/short on Autonomy when HP came in with the offer…Lynch tucked up Goldman and friends big time…

The Doctor is a 100% straight guy…Whitman is neither!!! “Cannaccord Genuity said that the reaction in the share price was both illogical and excessive. The businesses – and revenue models – are very different and there is no suggestion of any accounting irregularities or improprieties at blinkx. The fall-out creates a buying opportunity.”

The Doctor publicly blamed HP for mismanaging the business… “HP came in with about 300 people, crawled over everything and you know what? They found nothing. And you know why? There was nothing to find!

Please…you must do better!! I see £AM have still kept the liability…. Elephant Man!!

Remember...i said around ten days...this sham has slowed things down a fraction...11days!!!!

One other point Oracle tried and failed to tarnish The Doctor….Whitman will vanish without trace!!!

i'm not much fussed either way, but i'm afraid it's not nearly as much fun as the slapstick in GKP/EXCAL courtroom

OK ……I’m glad we don’t have capital punishment then. lol

"Here’s the problem with Hewlett- Packard Co.’s explanation today for why it took an $8.8 billion writedown related to its purchase of Autonomy Corp.: The numbers don’t make sense.

HP said “more than $5 billion” of the writedown “is linked to serious accounting improprieties, misrepresentation and disclosure failures discovered by an internal investigation by HP and forensic review into Autonomy’s accounting practices prior to its acquisition by HP.”

One reason the previous number seems odd is that Autonomy showed only $3.5 billion of total assets as of June 30, 2011. That was the date of the last balance sheet Autonomy publicly disclosed before it was bought by HP in November 2011.
Perhaps it’s true that Autonomy somehow committed more than $5 billion of financial-reporting improprieties with only a $3.5 billion balance sheet. I’m not sure how this is possible. But if it is, HP should explain. So far the company hasn’t.

HP said in its 2011 annual report that it paid $11 billion for Autonomy, a software company based in Cambridge, England. In connection with the acquisition, HP initially recorded $6.6 billion of goodwill and $4.6 billion of other intangible assets. HP later revised the goodwill to $6.9 billion and reduced other intangibles by about $300 million, according to its most recent quarterly report.

The goodwill figure is especially telling. Goodwill is the bookkeeping entry that a company records when it pays a premium to buy another company. More precisely, it’s the difference between the purchase price and the fair market value of the acquired company’s net assets. Goodwill can’t be sold by itself. The goodwill in this instance tells you that HP paid $6.9 billion more than it believed Autonomy’s net assets were worth.

Now HP is writing down some of that goodwill and blaming it on supposed financial-reporting improprieties by Autonomy. This also doesn’t make sense. HP didn’t record the goodwill because it was lied to by Autonomy. HP recorded the goodwill because it knew Autonomy’s identifiable assets were worth much less than it paid.

HP provided few details today to back up its allegations, which Autonomy’s former top executives are denying. HP put no hard numbers on the actual accounting errors it alleged. During a conference call with investors, HP Chief Executive Officer Meg Whitman said: “The board relied on audited financials -- audited by Deloitte -- not Brand X accounting firm but Deloitte.”

That doesn’t explain why HP paid $11 billion for Autonomy. As I wrote in a Ticker post on Oct. 4, it was obvious well before today’s news that HP needed to book more huge losses to write down goodwill and other intangibles. HP’s leaders just want investors to think the debacle is other people’s fault. What a shock."

And not the 1st time HP has had to write down goodwill - seems they never learn

From today's Daily Telegraph

Hewlett Packard claims 'don't add up', says Mike Lynch
Former Autonomy boss Mike Lynch is to summon Hewlett-Packard chief executive Meg Whitman to the UK "to explain herself", after she accused his business of cooking the books.

The Cambridge-educated scientist admitted that someone at Autonomy could have committed fraud without him or the company's auditors, Deloitte, being aware. But he ruled out any wrongdoing that would have made a "material" difference.

The British entrepreneur claimed that Ms Whitman's sums "simply do not add up" and that there is no way the accounting improprieties that are alleged to have taken place at Autonomy could lead to the $8.8bn (£5.5bn) writedown HP booked this week.

American giant HP bought Autonomy for $11.1bn in August 2011 but has now claimed that the British software company, which specialises in searching texts, voicemails and video, had used serious accounting improprieties to wilfully misrepresent its business and inflate the price tag.

"I will be asking Meg to come over and explain herself. She is not on my Christmas card list," said Mr Lynch, who vehemently denies the charges.

"When we show that everything was fine, then there is a very, very serious question for HP.

"Why did it go and tell investors that it was taking [this] writedown over concerns relating to $100m of revenues?"

Did I miss it...

tabasco - 16 Nov 2012 09:00 - 4219 of 4246

Chess finally to give you peace of mind…Luxor Capital Group have been closing…they would be very vulnerable without the Goldman help…and Goldman are going to have to bring a note out without admitting their fears were incorrect…they are on there own…Luxor…I believe have been closing with some very large trades in dollars…we will soon know for sure…I happen to know there is going to be a positive move in the next ten days…Chess….I am always lucky….trust me!!!

old news.

Bit of a sp collapse this week, can't see any news that may have caused it and there seems to have been plenty of share purchases.

perhaps because the market does not entirely believe mike lynch and fears a messy court case

Yes, it's disappointing. Never mind, not in any hurry to cash in here

oops...

All red and then 2 big blue hits late on and tomorrow could be very different