eieio,Egad! IT&e software not much use to HSBC it seems. Nor is...

eieio,

Egad! IT&e software not much use to HSBC it seems. Nor is simple common sense. Greed will out. We'll all be rooned real soon now with the printing presses running at 9% up year on year in fantasia land. Get yer wheelbarrows here my good man. Weimar here we come :)

I will resist the temptation to go on about 'simple commone sense', but if you had bothered to do even the most basic research you would know that HSBC bank have only had the Razor product for a little over ONE year. Do you really think all of those risky mortgages were taken out in the last year? I'm sorry eieio, but I just have to say it; use your common sense.

"DATE 28 November 2005
HSBC goes live with IT&e’s RazorTM Risk Management Solution
IT&e Limited (“IT&e”) announced today that it has successfully implemented and gone live
with IT&e’s Razor risk management solution for HSBC to monitor specific areas of credit,
market and liquidity risk.
HSBC, one of the world’s largest financial institutions, selected IT&e’s Razor product after an
extensive evaluation of global risk management software vendors. IT&e’s professional
services team were engaged by HSBC to successfully implement Razor within an aggressive
six month implementation schedule.
Shane Lamont, HSBC, says: “IT&e’s Razor solution provides a platform with the functional
depth, performance and accuracy required to meet our business requirements.”
The HSBC Razor implementation proves IT&e’s ability to successfully deliver and support
risk management solutions in the EMEA – Europe, Middle East and Africa region to Tier One
global organizations.
IT&e is now well positioned to further penetrate the region as part of IT&e’s international
expansion strategy based on the success of the HSBC Razor implementation.

I also have the perfect solution for you eieio. First thing Monday morning, sell any ITE shares you have. Your problem and wall of worry has now disappeared.

Kind Regards