Analyst Views: What do you make of Blinkx's blog response?

 
Oliver Smith
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PAUL RICHARDS | NUMIS
Blinkx has confirmed and verified that the blog contains materially misleading data... We view [Blinkx’s trading update] as conservative and believe growth will re-accelerate as clients are reassured and believe this will be matched by a rebound in the group’s shares over time.

DAVID REYNOLDS | JEFFERIES
[Blinkx’s blog rebuttal] extends to some 14 pages and is difficult to digest at a glance, but together with the Capital Markets Day sessions yesterday, this should begin the process of putting the blog to bed. Yesterday’s statement … is the company’s opportunity to set the record straight.

TOM SINGLEHURST | CITI
Edelman’s blog allegations have had an impact. Taking a haircut to revenue growth from 2015 estimates drives a 20 per cent to 27 per cent downgrade to our long-term earnings per share estimates. The implication is that the blog allegations have had a commercial impact on the business.

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