ITE i.t.& e limited

a superstar in the making

  1. 1,034 Posts.
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    Yes - I would like to open a discussion about ITE and the company management and potential -

    firstly imho...share price doesnt reflect the 'quality' to which this company has employed and serves. do we know that?
    re-rated shortly...yep...no doubt...imho, that said, we who have learned from the best about this stock, have in fact understood...to a degree the 'value' ite holds is atm overlooked...why? i'll get to that in a moment.

    So...what 'asset value' does It&E attribute to itself? real time understanding in an enviorment that demands real time information..namely trade and finance...

    anything else? yes the management...so who is behind IT&E and whats thier value?
    i'll start with only one...this should give you a taste for research.

    Greg Meekings -
    well okay, whos he?..is he unknown to this industry?
    NO...in fact vfrioni has sumed him up in a previous post...

    re: ite signs hoa with queensland treasury corpora
    Stock Code ITE - I.T.& E LIMITED
    Posted 15/12/06 12:15
    Posted by vfrioni
    IP 203.213.xxx.xxx
    Hotcopper Radio ITE on BoardRoom Radio
    Post #1438295 - 840 reads
    In Reply to msg #1438267

    Agree however even more interesting is Greg Meekings. Check out his credentials and experience, this guy is driving Europe at the moment.

    This thing is gold.

    i particularly liked it when vfrioni said...quote... he is driving europe at the moment...

    Greg is up there allright...he aint small fry...I typed in Greg Meekings into google...why? just thought well lets see if this guys got anything going for him...well BOOOM.

    Im DAZZLED...IT&E has this guy??????????

    Reuters - names Greg Meekings as CIO
    a 5 billion dollar co:

    SmithBayes - Appoints Greg Meekings as Chairman

    thats just 2 theres more....now wait for it...Greg was interviewed by ariadnecapital the link is below to read if you have the time.

    http://ariadnecapital.com/journal/v4e2/outlook_cvs_gminterview.htm

    what i found interesting is the answer he gave re start ups in this industry I have posted it for you to read....

    Reuters Plc Chief Information Officer Greg Meekings: Interview

    Q: What is the best advice you can give start-ups wishing to sell into large corporates? How do they get your attention? How do they ensure a sale of product/service?

    A: There are several barriers for a start-up to get the attention of senior managers at corporates: firstly diary time - finding time to pitch to a CIO is difficult. Start-ups have to be persistent and patient. Secondly timing - in Reuters' case in particular - barriers are caused by a combination of budget control and technology planning stage. Reuters no longer has the budget it had in the past and in the past 18 months it has focused on cleaning up previous investments. Reuters is at the moment more likely to spend money on deployment training to make the most of previous investments.

    A CIO is anxious about technologies that put him at business risk. He will judge a technology on the basis of whether it is an optional or a must-be product/service. Real business value and return have to be measurable. For example solutions to performance problems of legacy software, when there are any, are very desirable.

    It is imperative for companies to know how to express their value proposition when approaching a corporate. The value has to be immediate; solutions should bring money savings or help the CIO in getting credit for doing a great job.

    Networking and contacts are important and corporate relationships should be leveraged.

    An actual sale depends on the business decision process of the corporate; it depends on how strategic the offering is to the corporate and on how much it costs. If the cost is small, the CIO and his team take the decision. If the cost is high the decision will involve the senior business management team. Reuters has a business sourcing team, which it engages to find opportunities and negotiate contracts with prospective start-ups.

    I love the bit when he says - quote:

    He will judge a technology on the basis of whether it is an optional or a must-be product/service. Real business value and return have to be measurable.

    this guy doesnt just say..."what the Hell i'll jump on board with this little IT company called IT&E without first asking himself why? and what have they got? what measurable value do they have?

    this....guy.... runs.... europe...lol...its like saying to bill gates go to officeworks instead of going to jo's computers 5 doors down to get the microsoft windows upgrade, only bill gates goes instead to jo's computers and discovers that jo's developed his own windows program and sees that it is better than his own.... hehehh... so bill says to jo - i rekon we could sell this...jo all excited says okay, keep in touch...bill goes back to work and screams at you why didnt you tell me about jo sooner? you reply...um well...it just seems easier to go with what you know...

    so it seems the word is getting into the ears of those with influence and IT&E (jo's) is definately attracting the right set of ears...people...and you'de want a hawk like this one on your team.

    for more info on the directors:

    http://www.ite.com.au/boardofdirectors.asp

    so find me an iT company with management better than IT&E under a market cap of 20-30m and i'll eat my tie.






 
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