Ann: Profit Guidance, page-62

Hey,

I was thinking about this last night, quite possibly the reason why IT consulting is going to be split as a separate business is because then it is a prime target for a takeover.

UXC is out, a number of similar peers (RXP, etc) grew to be significantly bigger and would be ready to take over the IT consulting business.....

I think there is a bigger play in the mix. Glenn was brought over to sort the mess, increase revenue and trim fat to increase profitability.. for it to become an attractive takeover target..

I reckon that we will see a takeover of the whole business within 18 months.

In that case I think a $1.00 valuation would be quite realistic given current peer valuations.

Key now is to restore confidence in the investor community by delivering top line growth and increasing overall profitability, not to mention to finally integrate the businesses they've purchased.

I reckon RXP or a larger player could take them over in 12 months time. Perfect alignment in terms of service offering, significant fat can be trimmed by reducing admin costs and wastage....

I honestly think that there's a bigger play with all this guys.........

Thoughts?