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.

Yep but come on they have connections here, the house broker for a kick off.

They cant use that as an excuse.

Hay - you remember the analysis dodddy and I once wrote on a healthcare tech company over on the other side? Must have been 15 years ago now. It was republished word for word as a brokers' note by NUMIS the next day.

In California they do it by telepathy.

Gausie - whatever happened to doddy?

Dodddy you must know CAT then gausie.

Is he still ramping up on advfn premium.

Cat still posts.

Skinny - He's still about and doing well. I had a note a week or so back saying he'd taken a position at Clem's place. Not had dinner with him for a year or so.

G - I've not seen H for a good few years. But I believe Dil is in pretty regular contact with him.

Yep I noticed he tried cockneys joint but I dont think enough where taking notice of his charts.

Dil is a pal.

Read this

http://ftalphaville.ft.com/

At pixel time we still await Blinkx’s official response to allegations of questionable practices made by Benjamin Edelman, an associate professor at Harvard Business School and a self-proclaimed sheriff of the internet advertising industry. Blinkx shares traded down as much as 51.6 per cent on the claims, knocking about £400m off its market value.

What we do have is a note from Citigroup, Blinkx’s joint house broker.

Anyone remember goodfella on advfn, used to be a good lad from Northampton, always tapping me up for tips from Evil K.

Think hes abroad now.

gausie
Do you rember Ashley James posted a comment on a stock and later there was an RNS including a note that he had been paid quite a bit. It was a mining stock I think.

What an 'interesting' character he was!

Goldie - please delete the cat stuff.

and yes, Goodfella is abroad.

Here we are.....

On the Blinkx
Bryce Elder
Bryce is the FT's UK equities reporter.

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At pixel time we still await Blinkx’s official response to allegations of questionable practices made by Benjamin Edelman, an associate professor at Harvard Business School and a self-proclaimed sheriff of the internet advertising industry. Blinkx shares traded down as much as 51.6 per cent on the claims, knocking about £400m off its market value.

What we do have is a note from Citigroup, Blinkx’s joint house broker. In the interests of market stability we repeat it in full below, albeit with minimal fisking.

What’s Happened? — At the time of writing Blinkx’s share price is down 50%. The catalyst for this is a report published yesterday by a US blogger about concerns surrounding Blinkx’s business model (http://www.benedelman.org/news/012814-1.html). At the end of the report the author states: ‘I prepared a portion of this article at the request of a client that prefers not to be listed by name. The client kindly agreed to let me include that research in this publicly-available posting’.

(It’s true to say that Blinkx has enemies, particularly among the US West Coast hedge funds. Short interest, according to Markit data, has spiked from about 3 per cent of the free float at the start of the year to nearly 17 per cent currently. So, was the research commissioned by a hedge fund looking to talk its own book? Possibly. Does that fact invalidate the research’s conclusions? Not in isolation, surely — otherwise we’d also need to be raising cynical eyebrows about who pays joint house brokers.)

What are the Concerns? — Mr Edelman makes several key claims surrounding Blinkx’s business model. We note four specifically in the report: (1) he notes that in 2009 Blinkx acquired some assets out of a company called Zango, highlighting that the broader Zango business had been earlier associated (2004-2008) with using ad ware to generate traffic; (2) using LinkedIn he puts together circumstantial evidence that AdOn – a network previously owned by PVMG – has also engaged in generating low quality traffic.; (3) he cites an unusual blip in Blinkx.com’s ranking on alexa.com (not traffic volumes) as evidence of unusual traffic activity and that viewability is low (citing an ‘Adtricity’ analysis provided by Vindico; (4) he makes the point that Blinkx’s revenue per employee is higher than other ad tech players, including Tremor, YuMe, Rocket Fuel.

Key Considerations from Our Perspective — What ultimately Mr Edelman’s report plays on is the general confusion surrounding not only how Blinkx operates but also the broader ad tech ecosystem. For their part, Blinkx has been consistent in indicating that (1) all of its impressions are verified and (2) that they work with multiple verification partners on viewability (e.g. FraudLogix and DoubleVerify). Two points of note with regard to the specific allegations: (1) even if we were to assume that all of PVMG/AdOn is fraudulent, we note this was acquired in late 2011, in other words at a point where Blinkx already had over $110m of revenue. PVMG itself only had $30m of revenue. This compares with the c. $250m we forecast for 2014E. (2) the blinkx.com website has, at least in terms of the company’s own commentary, never been the primary driver of traffic to the platform, with most coming from whitelabel distribution partnerships (e.g. aol.com, ask.com etc).

(Well, on that last point … Ask.com is not listed among Blinkx’s “syndication partners“. And while AOL.com is, its video search says it is “powered by Youtube“. Which is curious. We asked the company about this earlier on Thursday but have yet to receive a response beyond “no comment”.)

Our View: Reaction Overdone — The trouble with this is that it brings together two points that are valid with respect to the Blinkx investment case. The first is the point we make above, ie that this is a company where general levels of understanding (and therefore comfort in) the business model is low. Our own view is that Blinkx’s business model is no more unusual than that of many ad tech companies. Second, there is rightly an industry-wide concern about issues like viewability/verification, hence the number of companies providing (competing) viewability indices.

(Anyone wanting a gauge of this industry-wide concern could do worse than read Adweek’s recent coverage.)

What Should Investors Do? — We view this as a significant overreaction. We see no reason to think our numbers are unsound, with them currently implying that Blinkx is trading at barely 9x current year EV/EBITDA. We think this is a significant buying opportunity, but at the same time acknowledge that until the company itself rebuts these claims, trading could be volatile.

Blinkx is trading off the day’s lows but remains down 36 per cent (chart snapshot included below for posterity) . Citi remains on a target price of £2.45.

Should an official statement arrive this post will be updated accordingly.

Hay - yes I called him up on it. It also gave his home address .....

Goldie - that note you just reposted. I guess it could be paraphrased as 'dead cats don't bounce'. Well, they do. What they don't do is come back to life.

Hear me now: 120 is the dcb. This share has a long way left to go.

an intraday chart gives clues of what is going on at the moment

Having read that note, better being out of this bag of s-it.

Reckon someone is going to cop it though.

Well.....the chart now looks like a limestone rock formation from Arizona !.....