Any update now will basically reflect what the full year results...

Any update now will basically reflect what the full year results are going to be, which it is difficult to wee being all that impressive; no doubt a loss for the year.
Given the past eagerness to release news of contract sales etc, the lack of any such announcements for over a couple of months would tend to indicate they have (a) signed none and (b) have minimal new prospects in the pipeline.
Flowing from this, the lead time from converting prospects to sales to receiving the associated revenue is considerable, meaning things will probably not be very good for the 1st half of 2007/2008 and for that matter the full year.
However, HH obviously see value in ITE - to my mind it can only be some sort of merger/takeover situation as ITE are struggling to gain the critical mass to go it alone.