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.

lol mitzt

Blimey !.....not in...but ?...

I was very tempted but then I couldn't find my barge pole so I guess I was lucky! :o)

36.78 gone long

That's a very large long also skinny...

I wish you well with it - the broker today is Numis - TP changed to 'under review' from 201p.

£146m is the net worth of this company according to end of March accounts... Thats a 36.38p sp core... Gotta be worth risking..

Is it - not higher? Net assets £262m

Thats total assets less current liabilities

Some of the net assets could be part of Blinx's Debtor's List.

I've seen quite a few companies accounts where solvency has been propped up with this kind of asset. Then you look at it and start to ask pertinent people the pertinent question, "Will the Debtors actually pay?" Of course, if they won't, then the Debtors List is false and the company might even be insolvent.

It seems to me, what Blinx state to be the true case is perhaps highly questionable. Indeed, university academics have even written papers on it.

Take care. I'm out.

Ah its in dollars! Net Assets $262m! Shares in issue 400.19m NAV $@0.654

I took out the $115m intangibles also

I'm obviously too trusting! :-)

USD
fixed assets 136012000
debt 39761000
cash 126909000
302682000
creditors 40194000
262488000
less intang 115978000
146510000
shares in issue 400190000
0.366101102

Net worth GBP 0.215353589

Looks like I messed my calculation first time... Its crude but always serves me well

took USD numbers and assumed GBP, same mistake as you Skinny.

This has been a coming for a while. I don't think this is the end of the saga. Single digits may be on the cards. 48m shares traded so far today. The bad publicity and suspicions that Blinkx may have been defrauding their customers may well be stopping new customers going to them. Blinkx are unlikely to say how many customers are not renewing or leaving. More bad news on the way I suspect.

Hays 18.5p is supported in cash so I'd doubt it very much.

That cash can disappear very quickly with falling revenue. What happens when half of that disapoears?