Blinkx sees its shares tumble

Video search firm Blinkx yesterday experienced a delayed-reaction tumble, as investors appeared to change their minds about its results last week. The Autonomy spin-off saw its shares plummet nine per cent after negative sentiment gathered over the strength of its core business, once the acquisition of US-based ad network Burst Media is stripped out. Collins Stewart analyst Mike Jeremy said the sell off appears unwarranted, with the firm having made it clear the acquisition was intended to extend Blinkx’s reach and not simply a bolt-on to drive earnings.