Sorry to spoil the party but let me be the devils advocate here.
What if there are no announcements of new clients but just a half yearly report of a $5 million loss with only a expected slight improvement in profitability for the next half year?
From what I have read of their announcements, they were "shortlisted" in 3 nth america rfp processes and bidding on another 3.We have heard that 1 has come to fruition but no guarantee that the others will.
As for the merger or takeover speculation They say its only early days and it may just be a partnership deal which may or maynot enhance the companys value.
I am a holder of ITE and I believe they have 1 great product and 2 good ones but in the software business great products get superseded pretty fast.
Thats my 2 cents worth.:)
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