ITE i.t.& e limited

ann out, page-9

  1. Ocker
    10,373 Posts.
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    12/09/08
    09:30
    Post #: 4257996
    The latest announcement from ANZ:

    http://business.theage.com.au/business/100m-risk-system-for-anz-20080911-4er5.html

    has potentially big ramifications for ITE.

    ANZ have used ITE risk management products for a long time now, and as I posted many months ago, internally the staff were not happy with the system.

    The announcement from ANZ has 3 possibilities:
    1) They are going to continue with Razor, but significantly upgrade the system
    2) Scale back reliance on Razor and purchase an alternative/complementary system.
    3) Ditch Razor totally.
    ITE Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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