last Friday,nearly at the stock market close,i almost bought back into Blinx.thought this must be the bottom,but i resisted,good job,i bought back into Boom,both companies are a gamble,but better news coming from Boom.Blinx and Blur are in a continuous scramble,how will it end?
I like these presumably quarterly exec updates.. Ties in with what has been promised re better communication.. Bit gobsmacked by Ed's outlook however..
"Strong financial discipline has led blinkx to profits, and the ability to maintain a strong, debt-free balance sheet. As we grow, we need to constantly manage our cost structure and be able to take swift and decisive actions to align with industry changes so we will be in a position to capitalize on future opportunities – this is our plan for future growth and we are already executing against it.
We believe the digital advertising industry will continue to consolidate and unprofitable entities will most likely exit the space. Our focus is on building a sustainable model with the optionality to take advantage of the future consolidation trend."
Are we not one of those "unprofitable entities"....?? if the management forecasted 2H profit doesnt materialise then we may well be on last legs
I just read my post. BM took charge in July 2012 not 2013. This is a typo as I knew it was a year and a half after he took charge that Edelman published. If BM had tried to change things too quickly the company would have collapsed. Not only does Blinkx now have a plan but, in my opinion, the rebranding was handled exceptionally well.
I think 2oco might be trying to make the point that a lot of money is wasted by our competition and not even WPP know what they are doing.
Appnexus decided they were not very good at video display and so concentrated on non-video. They are now trying again with video and have a product in beta.
Turn have a reasonable DSP product but are weak on SSP. They boast about their computing power - 170 teraflops. This is less than a tenth of the power of a supercomputer like the one Dwight built !! The computing power of supercomputers is measured in petaflops. So even if they had the equivalent prevalidation software that Rhythm now has, they would not have the computing power to run it. Turn has used its capital to expand globally rather than channel their funds into areas with the most profit potential.
It is unhelpful to post vague references to the competition without putting them in context. It confuses the less intelligent like the boy wot done good, bought his-self an orse.
When BM came to Blinkx it was a video search company which had been trying to sell itself as such. They had been talking to News International but when these efforts came to nothing they turned to advertising. The problem is that they were staffed up with people with expertise in search engines and did not have advertising expertise. So they bought into things like Zango. BM has changed all this and developed a plan which he is executing. First he needed a good base from which to start and he identified Rhythm which he bought. He needed a war chest and so bought Rhythm with shares as far as possible and raised capital on the market in November 2003 when the share price was high. The Edelman affair related to things which had taken place before BM took charge (July 2013).
The plan is simply to define what a second generation ad exchange will look like and do what is necessary to produce it. The cost of development (shown in the accounts) that is being done has been huge since BM took charge. This is the way forward rather than through acquisitions.
Finally I would like to mention that one of the advantages of Ad blocking is that some sites are also totally blocked. This includes iii so I cannot read the rubbish comments on their board. If the BBC blocks its site I will remove Ad blocking.
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