re: ite on the move. Hi Danlupi & it&e watchers,Worth, imo...

re: ite on the move. Hi Danlupi & it&e watchers,

Worth, imo viewing... page 13.... of the AGM report...and noting its implications....

I was there (at AGM) by the way....

From page 13 of IT&e (ITE) AGM last Wednesday—dated: 29/11/06.

Progress on the 9 qualified opportunities:

OUTLOOK FY 2007
�� Contract Closure: 1
�� Contract Negotiations: 4
– Close date Dec/Jan 4
�� Further workshops/negotiations: 3
�� Lost Bids: 1
�� New to Qualified: 2
�� Total Qualified: 10
�� Total contract target FY 2007: 6- 7*


Progress on the 9 qualified opportunities:

OUTLOOK FY 2007
��
Contract Closure: 1

--->>>--- “....Contract Negotiations: 4 4

�� This is ....imo, it&e watchers, the critical line ....

So to repeat the important two words in the sentence:

--->>-- “.... Contract Negotiations: 4

-Note the number, starting with the letter.... ' f '-- 4 .

ie: the 'Contract Negotiations' are what they say; .... ie: they are now only having the respetive legal departments write up and vet the terms and conditions....

So what is the important point to take from this...??

The Important point, imo, is that it&e (ITE) have been 'to all extents & purposes' selected as the final Bidder and are subject to the legal final vetting; the preferred and chosen Vendor..... is my clear assessment of this.

So added with the new Contract with the Tier One... Asian Bank, and average contract value on the four of estimated , about # $2.5 -$3.5 millions,(see (ITE) previous it&e ASX announcements), and about a recurrent revenue from previous existing sales of about $10 millions annualized, you can work the math...

On this basis;

My Predictions for IT&e’s share price (ITE) are two-fold.

(1) Next week will see share price start cooking from Monday onwards.....

(2) Predict this share to be $1.00 by mid Feb.

Kindest Regards,

Robbo .

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Kindest Regards,

Robbo .