"the market has totally over-reacted to the China site - lukewarm earnings - etc... etc.. it may go down from here - but given their amazing search engine"
Actually there is a far superior search engine that was launched in China by Blinkx which is owned by Autonomy
autonomy.com
Note the customers in left corner of website: SEC, FBI, etc.
This is one of the greatest value stocks ever. Market cap is less than 1 billion.
finance.yahoo.com
Here's a brief summary:
Autonomy is a London based company specializing in knowledge management, an industry growing as fast as the Internet itself. In short, this technology is the next generation of the Internet. This is the “new Web.” This technology can best be described as the world’s smartest search engine. Nothing like it exists today. For years, it was impossible for anyone outside the government – and a select group of corporations willing to test the technology – to get their hands on this powerful new tool.
The recent London bombings were solved by Scotland Yard using Autonomy’s technology bringing the terrorist cell to its knees in just 8 days.
Autonomy’s technology doesn’t just identify a piece of information, “but also… understands what it’s about.” It is based upon artificial intelligence.
Attempting to determine the profit potential of an entirely new Internet may be difficult– it’s in this arena – the search engine market – that Autonomy stands to see the greatest potential for the future. Autonomy’s retrieval technology has thus far NOT been available to the consumer. That is about to change. The commercial version of Autonomy’s technology for the public just became available with all research and development complete.
To date Autonomy’s technology has only been available to the corporate and government organizations. Autonomy's customer base comprises more than 1,000 global companies and organizations including, among others, BAE Systems, Ford, Ericsson, Shell, Nestle, AOL, BBC, Reuters, Hutchison 3G, Royal Sun Alliance, Sun Microsystems, Philips, Boeing, Schneider Electric, Coca Cola, GlaxoSmithKline, Citigroup, ABN AMRO, CIA, Deutsche Bank, Nomura, the New York Stock Exchange, Daimler Chrysler, Kraft Foods, Lloyds TSB, the U.S. Department of Homeland Security, the U.S. Securities and Exchange Commission, NASA and the U.S. Department of Energy. Strategic reseller and OEM partners include leading companies such as BEA, Business Objects, Citrix, EDS, IBM Global Services, Novell, Veritas, Vignette, Supportsoft and Sybase.
Close to 90% of Internet users visit sites like Google and Yahoo! every day. Search engines now surpass email as the #1 Internet application.
And where the people go… so does the money…
Marketers spent more than $9 billion last year placing ads on search engines. That’s supposed to double in 5 years – not just in the U.S., but all over the world.
Google, with a market cap of $ 80 Billion (more than 160 times that of Autonomy !! and a PE of approximately 82 which about twice that of Autonomy) last year had 280,000 advertiser accounts in its system, and expects that number to reach 378,000 by the end of 2005… and more than 650,000 by 2008.
Autonomy can learn about a user's interests and then make changes to a user profile as those interests change, without the intervention of the reader. Unlike other attempts to deliver a personalized news feed, Autonomy monitors what the reader actually does to determine what he is spending time on, not what he says he does, resulting in a more targeted search.
First, it’s important to know: China is the place that every Internet company in the world is trying to break into. For one, its sheer size gives companies an unprecedented market to work in. Secondly, China boasts the fastest-growing Internet population in the world.
They just announced a partnership with China Netcom – one of China’s biggest telecom companies, with a customer base of 110 million people and 95% of the market share in Northern China – the region that includes the nation’s capital, Beijing. |
