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".
Friday, 13 July 2007
Blinkx to 80p?
Posted by Richard Holway at 17:36
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