take over, page-12

Guys compare ITE to EMI....


EMI has last years revenue of 32 million from memory.

EBIT was around 2 million.

and they have 189 million shares outstanding.


ITE conservative revenue this year is between 21 to 27 million.


EBIT will be around 1 to 7 million

and they have 250 million shares outstanding.

For 2008 with the current siging of two extra razor contracts ITE revenue will be 40 million mmmm similar to EMI.... mmm EMI is 1.40


mmm ite is 0.185 cents as I write this..

I have worked out ITE is margin of safety for 2008 is around 70 cents but closer to 2.00 speculative..

this stock should easily be 70 cents


I will post working out later.