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Blinkx Brilliant or Awful - Search Me

Blinkx. the UK video search engine company recently buoyed by rumours of a possible takeover by Google or News Corp. has just announced results which are either brilliant or awful depending on which pair of spectacles or blinkers you are wearing at the time - a net loss of $3.2 million for the 6 months to end-March, with revenue of $3.6 million. They did say however that they are ahead of their plan to move towards profitability.

Pretax losses were $3.45 million. Content hours have more than tripled since May 2007, increasing to 26 million from 7 million,with daily video searches of over 5 million a day in March .

Their conference call failed to impress some from both a technical and a presentational viewpoint, which was a bit disappointing for a media company. All in all people on the 'virtual street' generally considered the performance lacklustre and nobody seems particularly hopeful of a rapid rise in the share price. The takeover rumour hasn't gone away though. The analysts too will have their say and from what I've seen so far I can't see them being too positive. Share prices tend to fall after results anyway, so I expect the Blinkx share price to be no exception (but I am a great contrarian indicator).

Blinkx Intraday Share Price