In a prior newsletter @ www.greenbackers.com we stated MIMV taking a breather....was @ .25....
Not really letting up however....Or just yet...
0.29 
0.01(3.57%) 12:36PM EDT
0.01(3.57%) 12:36PM EDT| Day's Range: | 0.25 - 0.34 |
|---|---|
| 52wk Range: | 0.04 - 0.60 |
| Volume: | 282,509 |
| Avg Vol (3m): | 115,225 |
| Market Cap: | 14.78M |
Longer term..impressive
Recall discussions on history of jumps back around .40 or so intermediate term.
Re-reviewing older articles / several expanding on MIMV increasingly as a takeover candidate:
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Vringo (VRNG)
Vringo, Inc. is a video sharing platform that allows users to create and share video ringtones on their phones. Vringo will soon confront Google in a patent infringement case over the claim that Google stole Vringo's patented expertise in its search advertising technology. Speculation that it will triumph has increased after it received a positive Markman ruling (which defines what language the jury will hear in deciding whether the patent has been infringed or not) in June and especially after Apple, Inc. was awarded $1.049 billion from Samsung Electronics (SSNLF.PK) in its patent infringement win last week.
Mimvi (MIMV.OB)
Mimvi has been called the "Google of mobile search platforms." It's search engine has become the leading platform for providing search services for Mobile Apps, Mobile Content and Mobile Products across all platforms including iPhone, Android, Blackberry and Windows devices. Mimvi also offers Amazon-like recommendations under each search result it presents. Mimvi plans to generates revenue with its search results similar to the way Google generates revenue with its search results, including a product offered by Mimvi, called MimviLink, which provides a way for consumers to access mobile apps related to the content they are viewing on the web. Thus MimviLink will allow any company with a mobile app to gain greater exposure for that app, by having it matched and displayed next to pertinent web content. Mimvi's main competitors have been commanding quite a bit of attention lately. Earlier this year Chomp was taken over by Apple and in June, Quixley raised $24 million, including an investment from Google chairman Eric Schmidt's firm, Innovation Endeavors. The mobile search environment remains hot as the revenue opportunity for mobile based search and recommendation is enormous. Mimvi has become a strong takeover target, especially as it has succeeded in recruiting several top executives from Google.
In addition, recall NBT pounding the table on them. Their most recent input:
Facebook (FB) CEO Mark Zuckerberg helped build the Facebook revenue case by announcing that the company is looking to combine its dominance in the social media field with the increasingly lucrative mobile search sector. At the TechCrunch Disrupt 2012 Conference in San Francisco he shared the following:
- Facebook is already processing 1 billion search queries per day
- While most searches are to find other people, many are also for businesses/brands and apps.
- Search is a "big opportunity" and is one that Facebook is "uniquely positioned" to go after.
- Facebook already has a team working on search.
The increases the heat for Mimvi with its new “Mimvi Echo” app discovery service launching in October. They are creating a “Super Platform” for combining their new Lone Wolf social media reach--@79 million Twitter members—with app discovery.
Here’s a new article on Social Search and another on Finding the App in Apple from Seeking Alpha.
About Mimvi
The Mobile Apps (or Applications) Revolution is upon us.
Mobile Apps are the new "websites", and Mimvi (OTCBB: MIMV) is a company conceived to accelerate this megatrend.
If you are an owner of a smartphone, you'll understand the frustrations with trying to find the right Mobile App. Mimvi, Inc., a pure-play search and recommendation engine, addresses this issue. It enables consumers to quickly discover Mobile Apps, Mobile Content and Mobile Products across all devices and platforms, including Apple's iPhone, Google Android, Blackberry, Windows and Nokia devices.
To provide some insight into the magnitude of the Mobile Apps opportunity, the demand for Mobile Apps is increasing at an unprecedented rate. By 2015, it is estimated that users will annually consume more than 25 billion Mobile Apps.
Ultimately, Mimvi anticipates hundreds of billions of searches will be conducted through its unified search platform, enabling people around the world to find relevant Mobile Apps, Mobile Content and Mobile Products -- from China through to Europe and beyond.
Mimvi's technology is based on proprietary search, recommendation and personalization algorithms. It was released in July, 2010.
