Friday, 13 July 2007

Blinkx to 80p?

I bought Blinkx - the video seach spoinout from Autonomy - on its IPO in May. Therefore I have a major interest in the following from the FT today. Hope it comes to pass!

"Blinkx gained 9.5 per cent to 46p after Citigroup initiated coverage with a speculative "buy" rating and a bullish 80p price target.
The online video search company, which demerged from Autonomy and listed on Aim in May, is not predicted to break even until 2010. Third-party agreements represent around 65 per cent of revenues and include a licensing deal with MTV. The Citigroup report noted that takeover speculation involving big internet players trying to get hold of the technology was "never likely to be far away".

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